Indian Rupee dives a new record low against dollar
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ARMalik
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Thanks mate. Mine is more 'infrastructure related' since there is more money going into infrastructure for the next few years. People need to get out of social media related companies like Facebook, twitter, etc. since these are overpriced. Reduce your investments in overseas Banks as they will be in trouble in 2019. It is better to go into food and agricultural stocks, pure infrastructure, etc.
zip
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RBI defended it at 69 for two three years and now it will defend rupee value at 72 for some time ..All profit makers will sell dollar resulting around 71 rupee per dollar .By the way what is convertion rate today ? If you are not posting it means rupee must have gained a little , right ?
bête noire
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BHarwana
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Indian Rupee is again today about to break the record of a new low this is very sad situation for India. This depreciation of rupee is making companies leave India and FDI leaving India is increasing the trade deficit in the country.
Why would any any one invest in India if their investment will lose value with every second.
Why would any any one invest in India if their investment will lose value with every second.
BHarwana
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Indian again showing no signs of progress the RBI intervention is slowing the decline of Rupee at the cost of billions of dollars worth of foreign reserves
Rupee currently trading at 72.12 and falling.
The high fuel prices are declining Indian growth at an alarming rate. Using of foreign reserves to support Indian rupee is hurting India and will make India life more difficult when it comes to repay the huge debt hanging on the head of India.
The country is further moving into different protests for high prices in some places for corruption on defence deals and for minority rights in other places thus pushing the country further into the jaws of problems.
Current drive of high inflation and week currency is a lethal mix which is making India less and less attractive for investors. Tourism is declining in India due to increase of attacks happening on tourists.
Rupee currently trading at 72.12 and falling.
The high fuel prices are declining Indian growth at an alarming rate. Using of foreign reserves to support Indian rupee is hurting India and will make India life more difficult when it comes to repay the huge debt hanging on the head of India.
The country is further moving into different protests for high prices in some places for corruption on defence deals and for minority rights in other places thus pushing the country further into the jaws of problems.
Current drive of high inflation and week currency is a lethal mix which is making India less and less attractive for investors. Tourism is declining in India due to increase of attacks happening on tourists.
Novice09
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While depreciation of INR is a worry...
See... Indian economy is doomed and people are pulling out...
Walmart's acquisition of 77 percent stake in Flipkart has made the income tax department richer by over Rs 10,000 crore after the American retail giant agreed to pay all dues in consultation with the government. The payment by Walmart brings to an end the uncertainty regarding tax dues related to the $16-billion transaction, which included a $2-billion fresh investment. As a result, the taxes were paid on the basis of the share sale estimated at $14 billion.
https://economictimes.indiatimes.co...a-from-flipkart-deal/articleshow/65733827.cms
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