Despite touching 60, rupee still 17.6% overvalued: Nomura

[acid rain]

LOL, what a retard, no wonder drinks all the water we take a cr@p and a p!ss in.

 

[Anony]

If 1 Us$=60 INR, then 2 trillion US$ = 120 trillion INR. Their current GDP="only" 88 trillion INR.

Fat chance of low IQ nationality reaching $2 trillion GDP in 2013, if their currency continues plummeting.

Either your IQ is less or you are purposely trolling. This point of US$2 trillion was posted in Business Standard and it was clearly mentioned if the rupee remain below 50.79INR for $1 US. Here is the link:

India to be $2-trn economy by FY13-end? | Business Standard

So stop trolling.

 

[Banglar Lathial]

Either your IQ is less or you are purposely trolling. This point of US$2 trillion was posted in Business Standard and it was clearly mentioned if the rupee remain below 50.79INR for $1 US. Here is the link:

India to be $2-trn economy by FY13-end? | Business Standard

So stop trolling.

My IQ is higher than the mean of any country by multiple standard deviations.

Because of your low IQ, you do not understand the meaning of "...to be...", which is a phrase used to indicate the author's expectations of future events.

When your fantasies materialize, only then you can claim to have surpassed $2 trillion GDP.

Like most of your low IQ countrymen, you also go on my ignore list (because of your low IQ).

 

[Anony]

My IQ is higher than the mean of any country by multiple standard deviations.

Because of your low IQ, you do not understand the meaning of "...to be...", which is a phrase used to indicate the author's expectations of future events.

When your fantasies materialize, only then you can claim to have surpassed $2 trillion GDP.

Like most of your low IQ countrymen, you also go on my ignore list (because of your low IQ).

If you think your IQ is more, then let's discuss. Tell me why do you think INR or Takka depreciates other than balance of Trade which everybody knows.

Answer wisely. If possible answer after taking the help of google, as your IQ depends on this

 

[American Pakistani]

Correct me if i'm wrong but isn't it good for indian exporters? and for families of those indians earning in foriegn countries?

 

[Chinese-Dragon]

Correct me if i'm wrong but isn't it good for indian exporters? and for families of those indians earning in foriegn countries?

Depends.

In order to export finished products, you need to import raw materials. And if the currency is going down, those imports will be more expensive.

Also, higher import prices mean higher inflation throughout the economy.

 

[Kloitra]

My IQ is higher than the mean of any country by multiple standard deviations.

Because of your low IQ, you do not understand the meaning of "...to be...", which is a phrase used to indicate the author's expectations of future events.

When your fantasies materialize, only then you can claim to have surpassed $2 trillion GDP.

Like most of your low IQ countrymen, you also go on my ignore list (because of your low IQ).

Than with all your high IQ, you were only able to fish out old data? 88 trillion INR?
Current Indian GDP > 100 trillion.
Report for Selected Countries and Subjects

 

[rohitshubham]

My IQ is higher than the mean of any country by multiple standard deviations.

Because of your low IQ, you do not understand the meaning of "...to be...", which is a phrase used to indicate the author's expectations of future events.

When your fantasies materialize, only then you can claim to have surpassed $2 trillion GDP.

Like most of your low IQ countrymen, you also go on my ignore list (because of your low IQ).

would you be kind enough to post your IQ please...
according to world bank India had a GDP of 1.87 trillion in 2011 i.e 1.873 * 60= 112.38 trillion INR(adjusted at current value of rupees ),
now as you were saying 88 trillion rupees
.. well it was an old data and was calculated when the value of rupees was considerably higher than today like 45-50 per dollar(1.873*47=88.03) . so naturally when you convert the value would be low... and hence there a constant currency used for measuring the monetary data around the world so that confusions do not happen as they are happening to supposedly "high IQ" person now.

 

[Banglar Lathial]

would you be kind enough to post your IQ please...
according to world bank India had a GDP of 1.87 trillion in 2011 i.e 1.873 * 60= 112.38 trillion INR(adjusted at current value of rupees ),
now as you were saying 88 trillion rupees.. well it was an old data and was calculated when the value of rupees was considerably higher than today like 45-50 per dollar . so naturally when you convert the value would be low... and hence there a constant currency used for measuring the monetary data around the world so that confusions do not happen as they are happening to supposedly "high IQ" person now.

I'd rather not post personal information in a public forum that is mostly populated by low IQ populations.

World Bank is not your God, why would you believe their dataset without investigation? Investigate further, your GDP according to your government was "only" 88 trillion INR.

At 1US$=60INR, your GDP needs to touch 120 trillion INR before you can reach $2 trillion.

 

[Kloitra]

Depends.

In order to export finished products, you need to import raw materials. And if the currency is going down, those imports will be more expensive.

Also, higher import prices mean higher inflation throughout the economy.

Petroleum is one of the most important imports for India, and has major effect on economy. Second most was gold, both of them about 12% of economy. And major export is petroleum products, followed by processed gems, both of them become costly.

 

[Banglar Lathial]

Than with all your high IQ, you were only able to fish out old data? 88 trillion INR?
Current Indian GDP > 100 trillion.
Report for Selected Countries and Subjects

From your "source"

Latest actual data: 2012. Official data for the latest year are advanced estimates.

 

[Kloitra]

I'd rather not post personal information in a public forum that is mostly populated by low IQ populations.

World Bank is not your God, why would you believe their dataset without investigation? Investigate further, your GDP according to your government was "only" 88 trillion INR.

At 1US$=60INR, your GDP needs to touch 120 trillion INR before you can reach $2 trillion.

You constantly 'display' your iq through your posts!!
Indian govt published 88 trillion in 2011, with dollar close to 50 INR for that time. Economy has grown quite a lot after that.

From your "source"

Exactly, it was 97 trillion in 2012, 9 trillion more than what you have been posting. 2013 data is estimate. But it is fairly intelligent guess that it has crossed 100 trillion.

 

[rohitshubham]

I'd rather not post personal information in a public forum that is mostly populated by low IQ populations.

World Bank is not your God, why would you believe their dataset without investigation? Investigate further, your GDP according to your government was "only" 88 trillion INR.

At 1US$=60INR, your GDP needs to touch 120 trillion INR before you can reach $2 trillion.

Ahhem
it was 88 trillion INR when rupees was around 47 RS per dollar... the value of rupees is now 60 hence the value of our economy is 112.38 INR currently, this is the precise reason why there is a need of common currency. or 2$ trillion dollars at rate of 47 becomes 94 trillion INR .. so INdia needs to be 94 trillion according to your logic of 88 trillion.as when the report was posted 2 trillion dollars were 94 trillion Rs

 

[acid rain]

m.business-standard.com/wapnew/storypage_content.php

HEY!!! BANGLAR **** CHECK THIS LINK OUT.

 

[Chinese-Dragon]

m.business-standard.com/wapnew/storypage_content.php

HEY!!! BANGLAR **** CHECK THIS LINK OUT.

Link doesn't lead anywhere.