Indian currency manipulation scam

Discussion in 'Economy & Infrastructure' started by sehwag1830, Dec 31, 2011.

  1. sehwag1830

    sehwag1830 Tihar Jail Banned

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    current account deficit in H1 2010-11 was 3.7% . Whereas CAD in H1 2011-12 is 3.6%. So how did the currency fall so much . What went wrong ?

    High remittances cushion trade gap
     
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  3. Daredevil

    Daredevil On Vacation! Administrator

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    It has nothing to do with current account deficit. The fall in rupee is due to withdrawal of FDIs from the Indian Market due to Euro crisis.
     
  4. KS

    KS Bye bye DFI Veteran Member

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    Is there even a tiny chance that the currency is being manipulated to help exports ?
     
  5. trackwhack

    trackwhack Tihar Jail Banned

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    That will only make sense if we had a trade surplus, not a trade deficit and a massive one to boot.
     
  6. KS

    KS Bye bye DFI Veteran Member

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    Hmmm yeah..that makes sense.
     

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