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Indian Rupee dives a new record low against dollar

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PakSword said:
Do you really think that it's not temporary?
Click to expand...

The highly publicised Indian growth was temporary. Indian economic decline is the real face of India which media was hiding from the public. But slowly that ugly lady is being unveiled. It will take some time before every one will realize this but this will happen for sure. I can see dummy of Modi burning in streets of India due to economic decline.
 
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BHarwana said:
The highly publicised Indian growth was temporary. Indian economic decline is the real face of India which media was hiding from the public. But slowly that ugly lady is being unveiled. It will take some time before every one will realize this but this will happen for sure. I can see dummy of Modi burning in streets of India due to economic decline.
Click to expand...
Insha ALLAH
 
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PakSword said:
Do you really think that it's not temporary?
Click to expand...

He is not an economist... ups and downs are part of economic growth... policies and rules keep changing according to economic situation...

He gives example of FII and FPI pulling out MONEY from stock exchange... he don't know that they invest where they can EXTRACT MORE AND MORE PROFIT...

Exports are on rise... manufacturing activities are moving upwards... Indians are investing more in equity markets... Infrastructure projects are going on in full swing...
Companies (foreign) are investing to EXPAND their business in India... what does that mean... do they want to sink their money by investing in TROUBLED ECONOMY...

Don't believe "NEEM HAKEEM"
 
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Now you know what is coming next for India? There will be a decline in remittances.

Why?

Because every one working abroad knows that Indian rupee is falling so they will wait for rupee to fall and then send the money back home.

Second the people working abroad from India will now send less money to support their family because when they send money back home they calculate in Indian rupee and now they will send less dollars to against same amount of Rupee. So this effect will further decline the inflow of foreign exchange in India by 3% to 5%. Soon the data on incoming remittances will show this



This will further contribute in declining rupee and value of Rupee will fall further.
 
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BHarwana said:
Indian Rupee continues its decline even today and there is nothing that is supporting it.

This is really bad and very sad situation for Indian economy.

https://twitter.com/x/status/1041911740605321216
Click to expand...

You again misunderstood the tweet... they are talking about the impact of declining INR on fuel prices... currently INR is up by .08 paise...

Screenshot_20180918-140917_TOI.jpg
 
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