India's Rupee: Asia's Worst-Performing Currency

[Dr. NooB NinjA]

This guy needs to get a life, more importantly get laid too..!!

 

[OrionHunter]

My Indian friends often whine that countries around the world simply don't want any Indian Goods because they are all junks.
But there are places where you can find Indian Goods outside of India is in Supermarkets and Retail stores owned by Indians in IndiaTowns.

Why do you always spout nonsense? It's becoming a habit of yours. Are you aware that 100 trucks containing Indian goods cross the Wagah border from India to Pakistan EVERYDAY? No? Then take a hike to the border and check it out. You my friend need to get out of your four walled enclosure and see the world from the outside. (You'll see more without a burka!! Lol!)

Cheers!

 

[roadrunner]

India's Rupee: Asia's Worst-Performing Currency

incredible

a shining currency

 

[IndoCarib]

incredible

a shining currency

Is that all. Too little for a think tank.

 

[roadrunner]

Is that all. Too little for a think tank.

i could go on, but why spoil the illusion that a weak currency is a great thing as you seem to think.

 

[IndoCarib]

i could go on, but why spoil the illusion that a weak currency is a great thing as you seem to think.

Weak Rupee may not be good news for overseas borrowers and domestic industry, but it is definitely good for exporters and NRIs. You have other views ?

Rupee depreciation not to hurt Indian economy: Arvind Virmani, IMF - The Economic Times

 

[Che Guevara]

$1=51.2 INR

$1=87.2 PKR

---------- Post added at 09:41 PM ---------- Previous post was at 09:39 PM ----------

incredible

a shining currency

And again who made you Think Tank. Think before you write..

 

[golmaal]

Even scrap yard refuse to take in Indian Goods. LOL

LOL.. Thats why your country Pakistan and your govt is running here and there for granting MFN status to India to get Indian goods....
go and get a life.

by the way what's the situation of PAK currency.. hope it will reach the same faith as Zimbawian currenty..
after 5 years you have to bring bags of currency note to purchase a Bred..

---------- Post added at 11:51 AM ---------- Previous post was at 11:48 AM ----------

Bharat aka India - Asia's worst performing country. The only 'country' in the world who has problem with all of her neighbours! Military infiltrated with RSS terrorists, topper in corruption, freedom movements rife, female genocide on rise, 20,000 farmers commit suicide every year and hunger worse then Africa. Bharati union is truel'y a slumdog of mother Earth.

A country that World recognize as a Terrorist State..
Every news of arresting a terrorist worldwide is a PAK origin...

 

[NirmalKrish]

It is called MANIPULATING the currency !!!

or it could be that Pakistani's are printing more fake currency and flooding it into India via Nepal for which you guys are infamous for. and you call us MANIPULATING, do yourself a favor and change your flag to the real green and white and stop embarrassing the Ugandan flag.

 

[dac cong]

India is the SMARTEST Currency Manipulator !!!

Don't let this guy fool you all guys, he just want to get attention and thanks from the others who like to against Indians. Ignore him if you guys could. Else he keeping doing and you all make him laugh. Most of his post are outdate of lower rated, focusing the real enemy instead of none senses topic.

 

[Subramanian]

What China and other countries are doing is called "Peg" not currency "manipulating".

That is not a peg,that is a basket and it is dirty and it is not even a float.

The issue is they dont allow trading the Yuan and it causes illiquidity and there is no price discovery.

 

[Obambam]

Don't let this guy fool you all guys, he just want to get attention and thanks from the others who like to against Indians. Ignore him if you guys could. Else he keeping doing and you all make him laugh. Most of his post are outdate of lower rated, focusing the real enemy instead of none senses topic.

BUSINESS

NOVEMBER 18, 2011

India's Rupee: Asia's Worst-Performing Currency

Looks recent to me you genius.

 

[Ryan]

india is smart..

in 90's when india need to import technology , machines and tools the rupee was trading at 32rs/$ , to facilitate cheaper import..

now in 2011 , when indian export rising rupee mde to trade at 52rs/$ , that also a discuragement for importers..

india finacial experts are realy smart..

I admire Indian's way of talking as always.....self-claimed being smart instead of being called currency manipulating.

 

[golmaal]

I admire Indian's way of talking as always.....self-claimed being smart instead of being called currency manipulating.

All the world knows China is the largest currency manipulator in the world..
Also produce cheap quality item and giving toxic life to human beings..

Go and check world news then you get who is currency manipulator of the world.

 

[DarK-LorD]

Rupee depreciation not to hurt Indian economy, says Virmani

Press Trust of India, November 20, 2011 (New Delhi)
Original

Depreciation in rupee is not a bad news for the Indian economy, though it will have some implications for the industry, says India's representative to the International Monetary Fund (IMF) Arvind Virmani.

"I don't think depreciation of rupee hurts the Indian economy. When we have slowing economy and rupee depreciates, it is positive for India," he said in an interview to PTI.

However, Virmani admitted that falling rupee will definitely hurt those companies which have borrowed in the overseas markets.

"Those who borrowed abroad will have to pay more," he said.

The Indian rupee last week plunged to 32-month low of sub-51 level against dollar on persisting demand for the US currency from banks and importers. While the depreciating rupee will make imports dearer, it will provide a boost to exports.

Rupee is the fourth most depreciated currency in the world and most depreciated in the Asian continent.

Answering questions on Moody's recent decision to lower outlook of the domestic banking system, Virmani said the rating agencies do not understand the Indian situation.

He, however, appreciated the decision of another rating agency -- Standard and Poor's (S&P's) to upgrade the Indian banking system.

"Well as you know S&P's has gone the other way. Our banking sector is strong. We have always held that they did not understand the sustainability of Indian fiscal situation. Because much of our fiscal deficit is financed by domestic savings," Virmani said.

"Certain countries like China where banking industry is used for providing subsidies will get weaken. But not in India," he added.

Last week, Moody's lowered the rating outlook for the Indian banking, system from 'stable' to 'negative' on concerns of a possible rise in bad loans, capital infusion and profitability.

However, differing with Moody's downgrade, S&P's upgraded the Indian banking sector saying its domestic regulations are in line with international standards.

On the current crisis in the euro-zone countries, Virmani said the management of the crisis was primarily the responsibility of the European nations, but it could have implications for the Indian economy.

"The European situation is highly risky and uncertain. The core of the problem has to be solved by them, otherwise nobody can help them," he said, adding, "Certainly, given that we are connected through capital flows with the European banks, any kind of major crisis in euro area will spill over to India."

Rupee depreciation not to hurt Indian economy, says Virmani - NDTV Profit