Discussion in 'Economy & Infrastructure' started by Yusuf, Jan 17, 2012.
Rupee undervalued 61%: Big Mac Index
This is the most retarded way of measuring currency valuations! Big Mac????? Really??????!!!!
Maharaja mac dosent have mutton, pork or beef in it nor does it have a proper mayo or pickled jalapenos in it. So it can be given for $1.62 a burger. So why don't they take that into consideration?
Comparing Big Mac with Maharaja mac is like comparing apples to oranges (didnt want to soil the site's reputation).
hahaha it was only a matter of time before they started to shout, this was given.
These voices will only get shriller in the coming years as we increase our exports significantly, and try and push the manufacturing. You can bet, the chinese and the west will have a common cause against us. So much for we being "allies" of someone!
India will be forced to make the :inr: appreciate, if not more, definitely make it trade closer to the levels it was prior to the present crisis. It will be in the interest of India to keep the :inr: around that level and not let it appreciate further, but in the long run and as pointed out by Ajit Ranade, chief economist at Aditya Birla Group, :inr: will see significant appreciation, though Ajit Ranade is referring to immediate to mid term time period.
I might add, the methodology used is outrightly foolish!!!
I like the Chicken Mac, I prefer it to that shitty beef patty they use.
comparing big mac to maharaja is like comparing kim kardasian to rakhi sawant
Reports in ET today that INR is supposed to rebound the maximum amongst Asian currencies in 2012. Against Dollar it is supposed to appreciate between 5 to 10%.
ritesh, as long as we are a net importer by a large margin it is in our interest to see a stronger rupee otherwise we shall see a higher trade deficit putting more pressure on the currency and the economy-- precisely the case happening today.
You are right. The standard of comparison should be: CHOCOLATE!
In last 30 days Rs. is up by almost 7% against the US Dollar.
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