Tuesday, May 22, 2007

INR vs USD

Rupee is appreciating day by day. In an effort to bring down the inflation to a desired figure (below 5%) Government is just watching the Rupee's appreciation with a mild smile.


Rupee has touched 9-year high against USD. Today Rupee closed at 40.15 against 1 USD.


While there is a straight forward benefit to the importers, experts say that there is indirect benefit to the exporters too. Still I am trying to figure that out. Still a novice, eh?


Trend of INR vs USD for different intervals is below:

9 comments:

Arasan said...

Onnum solrathuku illai,

Arasan said...

INR gaining against USD thats good for india on one side. India will become expensive for foreign investors....

But Seeni, INR didnt appreciated with Other currencies....

Euro - 54.42
GBP - 79.63
CAD - 37.24

Actually reality is Dollar is depreciating against INR and CAD....

INR is not really appreciating in true sense....

EOD, sitting at onsite I got affected because of this... :(-

Baranidharan said...

I lost 30,000 in this :-(

Seenivasan said...

@ Arasa - As USD is the global currency not appreciating or appreciating against other currencies doesn't really matter.

Seenivasan said...

@ Barani - losing is part of the game. Hakuna Matata..!

Arasan said...

"As USD is the global currency not appreciating or appreciating against other currencies doesn't really matter"

Being a global currency, Appreciation or depriciation against other currency really matters machi...

Seenivasan said...

@ Arasan

ooops. I didnt mean that way. Let me rephrase my statement.

Appreciation & depreciation of other currencies (CAD, GBP etc) do not matter so much as USD. USD is superier.

Arasan said...

:)-

Anonymous said...

Currently, there exists a great deal of details on the net for buyers, no matter how much practical experience you might have. Will not hesitate to perform some research to benefit from all this info before you decide to invest. The more you understand about a specific expense, the greater your decisions will be. [url=http://www.ss12w12ws.info]Cakg44452e[/url]