Indian Rupee hits historic low: Now Rs 67.23 = 1 Dollar

[Splurgenxs]

How is the Indian government spending so much money on those schemes?

Considering this:

The ironies of India's economic crisis - Financial Times

Well that anyones guess. This is just a stop gap measure to please ppl to get more votes. Its too deplorable.And an election is the only way out.

A not so funny thing happened while the world was watching for an emerging markets crisis to erupt in China. The crisis erupted in India instead.

Contagion typically attacks weak links first, often exposing vulnerabilities hidden in plain sight. The fall of the rupee exposes India as having the emerging world’s worst fiscal deficit and largest current account deficit in absolute terms.

Source: http://www.defence.pk/forums/centra...-low-now-rs-67-23-1-dollar.html#ixzz2dBHNuBBk

This is an exaggeration.But i dont want go offtopic and bring China into this.

 

[Chinese-Dragon]

This is an exaggeration.But i dont wan go offtopic and bring China into this.

It was written by the Financial Times.

If it is an exaggeration, then do you have any data to contradict it?

As for China, bear in mind that we do not have a deficit. In fact we have a current account SURPLUS.

 

[Khalsa97]

India was never richer than pakistan，look at their disgusting slums and starving childrens.Their wealth is built upon foreign hot money and massive external debts.Now their wet dream is over.The doom day is coming.

you seriously think that all Indians live like that? You have never been to India. Look at the Human Development Index. Keep chatting about India on the Internet like a good Chinese.

 

[northeast]

you seriously think that all Indians live like that? You have never been to India. Look at the Human Development Index. Keep chatting about India on the Internet like a good Chinese.

You don't even know india is world's hunger capital？That's stupid and ignorant.

 

[Khalsa97]

You don't even know india is world's hunger capital？That's stupid and ignorant.

Ignorant? Lmao do you even know what that word means? Your the guy that thought all of India lived in slums and you call me ignorant. Instead of staying in your room all day obsessing over India actually come visit and see the reality.

 

[IndoCarib]

You don't even know india is world's hunger capital？That's stupid and ignorant.

yeah we are all 1.2 billion hungry starving people. please be happy now.

 

[liall]

this congress has fuked my country Crying bucket of tears right now

 

[IndoCarib]

this congress has fuked my country Crying bucket of tears right now

Sonia Gandhi is admitted to hospital. Who will die first ? Indian Rupee or Sonia Gandhi ??

 

[[Bregs]]

Great indians make fun of there country man on international forums and w hen others do this they start crying like kids ......very shame ful, what's the point in having local Indian politics here

 

[Anubis]

That's kind of a bad news for us.....if Rupee keeps going down prices will go up in our neighboring region.....might increase smuggling!

 

[Chinese-Dragon]

Rupee hits record low, posts biggest fall in nearly 18 years - Times of India

The rupee hit a record low on Tuesday and posted its biggest single-day fall in nearly 18 years after the lower house of Parliament approved a nearly $20 billion plan to provide cheap grain to the poor, raising concerns the fiscal deficit will blow out even further.

The partially convertible rupee closed at 66.24/25 per dollar after hitting a record low of 66.30, and down 2.9 per cent from its close of 64.30/31 on Monday.

This is the biggest single-day drop for the currency since October 1995, according to Thomson Reuters data. The 194 basis points fall also marks the rupee's biggest single-day decline in absolute terms ever.

 

[PlanetWarrior]

Drop...drop ...drop ...I'm back in Delhi in December and I'm bring my US$ home

 

[Imran Khan]

Drop...drop ...drop ...I'm back in Delhi in December and I'm bring my US$ home

126$ ka achaar daleen gay hum ?

 

[cleverrider]

Drop...drop ...drop ...I'm back in Delhi in December and I'm bring my US$ home

But the prices will go up, it doesn't make any difference.

 

[IndoCarib]

In a way good for the country in the long term. Economy bottoming out, Rupee collapse should wake up the laid back Govt to kick start slew of long overdue reforms.