As rivals falter, India's economy is surging ahead

Rowdy

Co ja kurwa czytam!
Senior Member
Joined
Sep 6, 2014
Messages
3,254
Likes
3,061
Add to this that RBI is intentionally trying to keep the dollar to Rs ratio at about 60, if they choose to de regulate the dollar will fall to half I.e 30. You can find articles almost every month where RBI buys dollars from indian markets and sells them at a lower price.

Logic of keeping it at 60 is to encourage investment from Americans at this point in time. If RBI chooses to deregulate GDP in dollar terms will increase tremendously. Downside of This would be we are not richer by any means and investments will stop flowing. Only on paper we will be richer. Upside is we might get some bragging rights which are no use.
rupee should depreciate slowly to 70 by 2018 to make our exports competitive :D
 

PredictablyMalicious

Punjabi
Banned
Joined
Jan 2, 2013
Messages
1,715
Likes
650
Add to this that RBI is intentionally trying to keep the dollar to Rs ratio at about 60, if they choose to de regulate the dollar will fall to half I.e 30. You can find articles almost every month where RBI buys dollars from indian markets and sells them at a lower price.

Logic of keeping it at 60 is to encourage investment from Americans at this point in time. If RBI chooses to deregulate GDP in dollar terms will increase tremendously. Downside of This would be we are not richer by any means and investments will stop flowing. Only on paper we will be richer. Upside is we might get some bragging rights which are no use.
I've read that the Indian Rupee is the most undervalued currency in the world. I'm not sure about the veracity of that claim because it is based on a single indicator, the Big Mac Index.
Big Mac Index: Indian Rupee Most Undervalued Currency In The World - Forbes
 

Latest Replies

Global Defence

New threads

Articles

Top