Pretty true. With a weak currency, labour is going to cheaper, that's the American compliant at the moment but if you don't have a labour intensive export sector, a weaker currency is just bad. Period.
One knock-on effect of a sliding rupee is a worsening trade deficit. If you import more than you export and your currency is losing value, your imports are going to get more and more expensive, and money will start flowing out of the country.
(India's widening trade deficit | News and views...
What is so interesting about the present world economic situation is every country is having problems and every country's problems are unique. It's a helluva time to be a financial analyst.
We probably shouldn't use the term Rupee at "all-time low”. It may get a bit repetitive in coming days and weeks.
Third time in a month now the Rupee has reached an "all-time low”
Rupee: in uncharted territory | beyondbrics | News and views on emerging markets from the Financial Times
Errr? Why invade something when the two governments are already friendly? Half of the Iraqi politicians in power today spent time as exiles in Iran during the Saddam. I'm sure they made friends.
Iran should send the US a nice thank you present. The US removed an anti-Iran secular Sunni socialist and replaced it with a Iran friendly Shia administration.
Missing the point. These people do the same kind of advocacy as the DL and Indian attitudes vary drastically. One is viewed as a God and the others are opportunists who are only doing it for the money?