INR set to overtake Ruble first time in history against USD

[Sheena1980]

Indian Rupee is just 30 Paise weaker than Russian Ruble on Friday (28 Dec 2018) closing. The difference is almost equal now. 1 Rupee = 1 Ruble.

Next week INR should overtake RUB as the stronger currency if my guess is right. Max by mid of Jan there should be a couple of weeks at-least where the INR can close stronger to RUB, If I am not wrong. A positive start for 2019.

If INR is stronger when PM Modi meets Russian President Putin, it will give some discomfort & frustration for President Putin especially when signing deals & deciding the monetary figures. How times change. But Russia & Russians will remain close to every Indian's heart.

 

[SecularNationalist]

current rate
1 Indian Rupee equals
1.00 Russian Ruble

 

[Tom M]

Very Sad and Very Bad for Indian currency and economy.

@BHarwana

 

[xyxmt]

what the point comparing any currency with a fake currency, USD that is. Looking at the US debt, the real value of USD should be 1USD=0.05 Rupee

 

[Tom M]

what the point comparing any currency with a fake currency, USD that is. Looking at the US debt, the real value of USD should be 1USD=0.05 Rupee

It is simply your lack of Macro economic knowledge, rather the inherent grudge towards USA that has forced you to write the above opinion. The truth is far from rhetoric.

 

[Nilgiri]

what the point comparing any currency with a fake currency, USD that is. Looking at the US debt, the real value of USD should be 1USD=0.05 Rupee

Please campaign first for Pakistan to do such a level of pegging for PKR...and prove your point with the glorious results.

@ziaulislam @VCheng @farhan_9909 @Major Sam @Game.Invade

 

[VCheng]

Please campaign first for Pakistan to do such a level of pegging for PKR...and prove your point with the glorious results.

@ziaulislam @VCheng @farhan_9909 @Major Sam @Game.Invade

On PDF, the dollar is dead anyway, and gets more deaderer about 47 times a week, so it will never make a good currency to peg the mighty PKR.

 

[AMG_12]

Please campaign first for Pakistan to do such a level of pegging for PKR...and prove your point with the glorious results.

@ziaulislam @VCheng @farhan_9909 @Major Sam @Game.Invade

Strained ties with the US taking a toll on some of my compatriots' logical reasoning.

 

[INDIAISM]

Not the first time in history... In 2014-15 Ruble was trading aroung 80 Rubble per Dollar....and Rupee was trading around 64 per Dollar in 2014-15

 

[Sheena1980]

Not the first time in history... In 2014-15 Ruble was trading aroung 80 Rubble per Dollar....and Rupee was trading around 64 per Dollar in 2014-15

Alright, didn't check that.

 

[Sheena1980]

2018 year end - INR closed stronger than Ruble against the USD by 25 paisa

USD INR = 69.58
USD RUB = 69.83