Rupee makes a stellar comeback opens 1.69 paise up at 61.69 vs US dollar

[Dandpatta]

Thank you USA for saving India.

They save you too with daily orders of garment production (world's biggest) going to Bangladesh.

Thank you USA for saving India.

They save you too with daily orders of garment production (world's biggest) going to Bangladesh.

 

[kaykay]

rupee has been recovered 12-13% in last 7-8 days. Its on 61 now.

 

[neehar]

But why this turn around by Fed?

First they say the economy is going great guns and we will the pull back the stimulus and now they want to keep pumping money into their economy. How long can they artificially pump money into their system without any backlash??

as long as dollar has the demand

 

[cloud_9]

Short time effect.Basics still fooked up

 

[Sergi]

Yay! New iPhone 5s for me.

Dam first thing in my mind too

Hoping it will come to 50/55 till 5S reach India

 

[Arjun93]

Thank you USA for saving India.

No , thanks to the illegal bangladeshis doing our menial jobs and letting the Indians concentrate on more important work.

 

[[Bregs]]

Continuation of US stimulus package is welcome decision

 

[egodoc222]

Dam first thing in my mind too

Hoping it will come to 50/55 till 5S reach India

iphone 5s sucks!!!

 

[Lightningbolt]

Don't get your hopes up kiddies. This has nothing to do with the recovery of the Indian economy, it's that Bernanke said he won't taper QE. This just goes to show how dependent the Indian economy is on speculative money from the Fed. This just proves without a shadow of a doubt that the Indian economy is built on quicksand. It's artificial growth based on hot money, not based on real growth.

The next time the Fed says they will taper or they actually taper, the Indian Rupee will collapse. Rupee got a temporary bounce because of sheer luck.

The fact that Indians are celebrating like a bunch of clowns saying the Rupee strengthened because of 'confidence' or Modi or other nonsense shows they have zero understanding about the vulnerabilities of their own economy.

Indian deficits are still MASSIVE, Indian debt is staggeringly high especially if you count off balance sheet items, Indian current account deficit is still very large, Indian economic fundamentals are WORSE now!

 

[Abhishek_]

Don't get your hopes up kiddies. This has nothing to do with the recovery of the Indian economy, it's that Bernanke said he won't taper QE. This just goes to show how dependent the Indian economy is on speculative money from the Fed. This just proves without a shadow of a doubt that the Indian economy is built of quicksand. It's artificial growth based on hot money, not based on real growth.

The next time the Fed says they will taper or they actually taper, the Indian Rupee is collapse. Rupee got a temporary bounce because of sheer luck.

The fact that Indians are celebrating like a bunch of clowns says the Rupee strengthened because of 'confidence' and Modi or other nonsense shows they have zero understanding about the vulnerabilities of their own economy.

Indian deficits are still MASSIVE, Indian debt is staggeringly high especially if you count off balance sheet items, Indian current account deficit is still very large, Indian economic fundamentals are WORSE now!

quoted for truth

 

[rott]

Don't get your hopes up kiddies. This has nothing to do with the recovery of the Indian economy, it's that Bernanke said he won't taper QE. This just goes to show how dependent the Indian economy is on speculative money from the Fed. This just proves without a shadow of a doubt that the Indian economy is built on quicksand. It's artificial growth based on hot money, not based on real growth.

The next time the Fed says they will taper or they actually taper, the Indian Rupee will collapse. Rupee got a temporary bounce because of sheer luck.

The fact that Indians are celebrating like a bunch of clowns saying the Rupee strengthened because of 'confidence' or Modi or other nonsense shows they have zero understanding about the vulnerabilities of their own economy.

Indian deficits are still MASSIVE, Indian debt is staggeringly high especially if you count off balance sheet items, Indian current account deficit is still very large, Indian economic fundamentals are WORSE now!

Well said buddy and welcome back. +1

 

[hkdas]

Don't get your hopes up kiddies. This has nothing to do with the recovery of the Indian economy, it's that Bernanke said he won't taper QE. This just goes to show how dependent the Indian economy is on speculative money from the Fed. This just proves without a shadow of a doubt that the Indian economy is built on quicksand. It's artificial growth based on hot money, not based on real growth.

The next time the Fed says they will taper or they actually taper, the Indian Rupee will collapse. Rupee got a temporary bounce because of sheer luck.

The fact that Indians are celebrating like a bunch of clowns saying the Rupee strengthened because of 'confidence' or Modi or other nonsense shows they have zero understanding about the vulnerabilities of their own economy.

Indian deficits are still MASSIVE, Indian debt is staggeringly high especially if you count off balance sheet items, Indian current account deficit is still very large, Indian economic fundamentals are WORSE now!

Indian economic fundamentals are strong. the deficits are common for all developing countries. in early 90s china faces this kind of situations. every country faces the economic slow down china's growth rate is 7 from 9 in 2010. economic deficits will be sloved as India developed. one think you Chinese forget is you past when china faces deficits, during that japan came to help. before criticizing India you must learn the way you are come up.

india's development is affected by mainly agriculture, for last couple of years the agriculture sector shows some slow down due to poor monsoon, it has changed now. indian manufacturing sector shows increase in growth and export showing positive development.

indian still lacks is infrastructure for its potential for development, but our gov. is taking good steps to develop infrastructure.

 

[[Bregs]]

By december dollar is expected to trade between 56-59

 

[Sergi]

iphone 5s sucks!!!

And you know it before the first customer gets his/her hands on it !!!! Sir you got a god dam Crystal ball
Anyways thanks for you input

 

[janon]

Don't get your hopes up kiddies. This has nothing to do with the recovery of the Indian economy, it's that Bernanke said he won't taper QE. This just goes to show how dependent the Indian economy is on speculative money from the Fed. This just proves without a shadow of a doubt that the Indian economy is built on quicksand. It's artificial growth based on hot money, not based on real growth.

The next time the Fed says they will taper or they actually taper, the Indian Rupee will collapse. Rupee got a temporary bounce because of sheer luck.

The fact that Indians are celebrating like a bunch of clowns saying the Rupee strengthened because of 'confidence' or Modi or other nonsense shows they have zero understanding about the vulnerabilities of their own economy.

Indian deficits are still MASSIVE, Indian debt is staggeringly high especially if you count off balance sheet items, Indian current account deficit is still very large, Indian economic fundamentals are WORSE now!

Actually the rupee had started recovering well before the fed announcement. It has been on an upward surge since Raghuram Rajan took over. The fed's decision only added to the upward momentum.

Anyway, the consequence of all this short term volatility is minimal. The economic indicators of a country like India have to be gauged from other parameters, not on the basis of the exchange rate of the rupee. After all, most international trade does not take place with rupee, and its value WRT the dollar only matters for exporters and importers.

The real "clowns" are the people who, a month or so back, were jubilantly proclaiming that India is going to collapse because of the lowering of rupee-dollar exchange rate. Neither the falling rate back then, nor the climbing rate now makes a real difference to most of society. People should simply forget about forex rates, unless they are directly affected by it.

And by the way, India's external debt is not so massive as you claim. As a percentage of GDP it is well within acceptable limits. And it is set to reduce further, due to the measures undertaken on the petroleum import front.

Editing:

Oops. I forgot that you are one of the trolls/clowns who was predicting that India will collapse anytime soon. If I had remembered that, I would not have bothered with a serious response. My bad.

These are some of your "about to collapse predictions" just yesterday:

I personally despise Indians. They have the most vulgar and repulsive culture in the world and a extremely detestable boasting trait. This is why I celebrate when the Indian economy and Rupee collapsed. Couldn't happen to a better bunch of A-holes as far as I'm concerned.

Source: http://www.defence.pk/forums/world-...ts-infrastructure-sector-3.html#ixzz2fL2vClIr

Totally agree.

I despise Indians, hopefully their economy collapses further than it already has. They behave like animals with their defecations, rape culture, boasting culture, arrogant goons, cow worshipping.

Source: http://www.defence.pk/forums/centra...nion-prices-indian-economy.html#ixzz2fL33izPp