Indian currency manipulation scam

[sehwag1830]

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

 

[Daredevil]

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

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.

 

[KS]

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

 

[trackwhack]

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

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

 

[KS]

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

Hmmm yeah..that makes sense.