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Dollar Up and Rupee Down - Why

Updated on November 17, 2013

Now that value of rupee has improved, will there be a reduction in fuel prices? When last checked : 1$ = 62.97 INR.

The above question was asked by one of our readers. My answer for this will be no or if it will be, it will be really less. When the value of rupee deteriorates, government raises fuel prices and prices of other commodities but when it improves, the government never lower the fuel prices or rates of other commodities of daily living. If the fuel prices will be reduced, they will not be done now considering the value of rupee is improving but they will be done on a temporary basis as the and polling and election dates are coming near.

What do you think will be the value of 1 us dollar to INR by the end of this year?

See results

Almost everyone is cursing the Indian government for this unfortunate downfall of rupee but do you exactly know what has actually happened.

Our honorable Prime Minister Manmohan Singh finally spoke up about the recent fall of rupee and promised the country that we will not let it happen anymore. Due to this, traders gained some confidence in rupee and it bounced back to 62.97 from 63.90 for 1 dollar.

Dollar is unfortunately climbing up heavily against our rupee. It is a great problem for us, Indians. The dollar is moving up at an uncontrollable rate and the value of rupee is going down. If it keeps on going like this, by this year-end, we will be seeing rise in petrol prices to 90 to 95 rupees. Right now in Delhi petrol prices are 74 rupees per liter and the diesel prices have also been raised by the government so you can imagine that what will be the situation of all the commodities, the things we use for daily living, everything will go high and trucks use diesel for transportation of all our daily use commodities.

And according to some top financial analysts in the market, the news is that the dollar will be at 70 INR by the end of this year. The constantly upward sliding rupee is hurting everyone but here the NRIs are enjoying the most as they are getting more value for their dollars in
Indian rupees that they are sending back home.

What do you think? Is it the right time that Indian politician's money from their Swiss bank accounts should be taken out or will it be really late for us? Or we start depending on our own oil resources and stop importing the yellow metal from outside? The tax on gold has been again increased by the government. Will it help? What next. More taxes and now this brainwash of innocent public by the government in the form of food security bill. Is our government capable of providing food to 84 crore Indians for free. Come on it is next to impossible and if it is true, nothing comes for free. In the form of food security billl, the government will charge us heavily in the form of taxes.

Okay let us come to the real point. What is the current rate of dollar today?

1 US dollar = 62.97 Indian rupees.

The oil minister is going to again raise petrol prices by December this year as rupee is down again. RBI is always trying to protect rupee by selling off dollars but still has been unable to hold rupee from falling at a rapid pace. Due to rise in dollar, gold prices had slashed down in the past drastically but are up a bit now as festive season is approaching and people will be buying more gold.

The last resort of controlling rupee fall is issuing bonds by Reserve Bank of India. To prevent further downfall of Indian rupee, RBI is considering selling dollars directly to oil marketing firms.

Now let's look into why dollar is appreciating heavily against rupee.

Recession is less in India, then why dollar is moving up when rupee must be strong.

We all know about recession and it is worse in US and better in India as compared to US, then how come dollar is appreciating with respect to Indian rupee? Don't you think that Indian rupee should go up and US dollar should move down?

Rupee 50 note INR
Rupee 50 note INR | Source
Dollar up and rupee down why rupee 100 note - Indian currency
Dollar up and rupee down why rupee 100 note - Indian currency | Source
Bloomberg's inverted scale of rise and fall in rupee and dollar.
Bloomberg's inverted scale of rise and fall in rupee and dollar. | Source
Petrol prices will go high - expect 100 rupees per liter in one year - driving will be costlier than ever.
Petrol prices will go high - expect 100 rupees per liter in one year - driving will be costlier than ever. | Source
Vehicles moving at a market near Candolim beach in Goa.
Vehicles moving at a market near Candolim beach in Goa. | Source

There are so many reasons of depreciating rupee, but I would like to explain the first one, which is most important.

Why dollar is moving up and rupee is going down? There has been a recent fall in rupee since some days ago and a dramatic increase in dollar. It was 55.50, then 56.12, 57.10, 58.60, 59.54, 61.40 and stable, and now according to google search of "1 US dollar to INR":

1 US dollar = 62.97 Indian rupees.

Why is this happening?

First Reason - Dollar is in Demand

BRIC countries like India have emerging economy, so a huge percentage of investment in India is from outside the country, especially from US but due to recession in US, big institutions are collapsing and many of them are on the verge of breakdown. They are suffering huge losses in their country. They have to maintain their balance sheets and look strong on all statements, so to recover losses in their country, they are pulling out their investments from India. Due to this pulling out of investment by these big companies from India or in other terms disinvestment, demand of dollar is raising up and rupee is depreciating.

There was a huge interest rate differential between India and US. Now RBI is reducing all kind of rates to increase money supply in market, so deposit rates will also move downwards. It will reduce the rate differential between two countries and affect the fixed investment in India in a negative manner.

Second reason - Collapse of International Trade

If you observe in terms of international trade, commodity prices are crashing at international level.

Importers are trying to accumulate dollars, as they have to pay in terms of dollars and at the end demand is increasing against the rupee. This has not happened yet due to lack of confidence in all kind of markets.

Exporters have a very few orders from outside countries, so there is no matter of converting dollar into rupee thereby decreasing demand for rupee.

Besides the above-mentioned two reasons, there are many other reasons, which I would like share in the comments section below with you and others.

Now 1 USD is at 62.97 INR and rupee is expected to depreciate further due to RBI instructions to exporters and banks. The major gainers due to rupee down are Indian IT companies including BPOs, call centers, outsourcing companies, and Indians who earn in dollars.

How to save the value of rupee?

  • The number one step should be taken by Indian government to put our Reserve Bank of India‚Äôs gold reserve on public display. This will bring more confidence in Indian rupee.
  • Stop buying foreign goods. Start buying Indian products. If rupee will fall, the price of all products will be high and this is the reason why you are seeing 1 kg onion selling at a rate of 80 to 90 rupees. Why not stop buying goods from foreign firms and concentrate on buying products of Indian manufacturers.

The above were my two cents to save the value of rupee, now please share your views

Comments

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      Ankit 3 years ago

      Well i believe to some extent you are right with d content of article, appreciating dollar , one of d core reasons for it is the 'Sub Prime' crisis, whereas, rupee depreciated coz of many reasons , one major was the FII's started withdrawing money coz of losses in their home countries plus one of our idiot politician made a statement aint any growth of indian economy. Now due to withdrawal of Fii's, the indian govt which pays arab countries in dollars for importing fuel were running deficit of dollar,d situation was so worse that india had to sell of their gold to us in return to get dollar so as to pay foreign countries, this had increased the fiscal deficit. Thus, the government which is not able to stand to tackle d situation is still cribbing abt deficit n losses , dodos are charging taxes on everythn however still in loss, i as a citizen of india has no words to describe to as if how the increase in cost n taxes has broken n shattered everyone , really dis appointed with d govt, hope that whosoever comes this time, atleast thy do smethn to cater d rising cost.

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      lisha 3 years ago

      to an answer for the comment on recession in US I think the reason of US embassy would try to pull out their investments from India though they know that they can earn more is because due to recession the people have lost their jobs due to which the country itself faces an economical depletion and this can only be balanced when the investments made by them can be withdrawn for the betterment of their economical status at that point of time.

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Might be possible Ravi.

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      ravi arya 3 years ago

      isthere any chance that 1 $=50-55 rupee.............

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Vikram your comment and question has been added in the article above. Please check . I have also given the answer there.

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Yes you are right Yash.

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      yash 3 years ago

      well i think the govt making a serious mistake by approving the food security bill.. this will totally make the situation worse..

      i dnt think jus by supplying food govt could totally remove the ppl below poverty line.. it should also equally concentrate on education and employment facilities...

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Thanks for expressing your views Mr. Gupta. Everyone has the right to express his/her view on this article.

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      Mayur gupta 3 years ago

      This is really right this is not folt of our govt. this is our folt

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Thanks for raising your point as an aware Indian. Will like more people to add their points.

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      sriram vangipuram 3 years ago

      I believe in nothing is impossible.As now we are having parliament rule we have no strict rules in India but if we have changed to the president rule like other countries like US then the rules will become very strict and we can able to get the whole black money with the help of Income Tax department and soon we will see our India as the richest country in the world.This is there in the hands of every student in India.I believe students as soldiers of the country. JaiHind. thank u

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      Thanks for your point Mr. Vangipuram. But this is impossible as these lakhs or crores of people with so much money will never release their black money. Do you think that it is practically possible. We know it is a pitiable situation but currently we need to focus on other points other that the two I have mentioned in the above post.

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      sriram vangipuram 3 years ago

      firstly to increase the rate of our Indian rupee we have to get all black money from the useless people in India then we feel more better because as my research is concerned we have some lakhs of crores of rupees in India which are not in the statistics.It is more pitiable than the decrease of rupee over dollar.

    • soni2006 profile image
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      Rajinder Soni 3 years ago from New Delhi, India

      If you want to add your point to the above article and let us know how to save value of Indian rupee then please elaborate your point.

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      roshani 3 years ago

      we have started depending on our owe oil resources and stop importing the gold yellow metal for outside

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      8i8; 4 years ago

      there always ups and down in money

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      Deepak Poonia 4 years ago

      thanks for this but i want more clarifications can u help pls.?????

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      SIVAKUMAR, ERODE. 4 years ago

      CLEARLY TELL THE REASONS OF US DOLLAR VALUE UP AND INDIAN RUPEE VALUE DOWN

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      sarvesh 4 years ago

      very nice.....

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      Appasaheb 4 years ago

      then is there any possibility to decrease in doller or it will same for long time.........how US economy will cover............

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      rt 4 years ago

      Stop buying foreign goods and reduce the consumption of petrol and diesel.

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      Deepika Modem 4 years ago

      Awake your brains.. stop buying foreign goods, use the products made in India that reduces the need of importing the foreign goods into India.

      Stop using individual transportations instead use public transportation to cut the consumption of petrol and diesel.

      Change should come from a common man who is directly or indirectly the consumer of all such goods.

      try to protect the economy of India.

      You may now earn in dollars and be happy seeing the depreciation in rupee but realize that the Indian economy is going to be effected very badly because of that.

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      Deepika 4 years ago

      Awake your brains.. stop buying foreign goods, use the products made in India that reduces the need of importing the foreign goods into India.

      Stop using individual transportations instead use public transportation to cut the consumption of petrol and diesel.

      Change should come from a common man who is directly or indirectly the consumer of all such goods.

      try to protect the economy of India.

      You may now earn in dollars and be happy seeing the depreciation in rupee but realize that the Indian economy is going to be effected very badly because of that.

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Might be nice idea Yash.

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      yash 4 years ago

      D only thng we can do nw is to depend on our own oil resources.,n stop importng d yellow metal

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Thank you so much Sofia.

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      sofia 4 years ago

      useful info

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Thanks a lot for sharing this maths on this burning issue friend. Your info seems convincing but I am afraid if it is being heard by politicians.

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Yes painful but true buddy.

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      Champ 4 years ago

      I Think the main reason for Poor India is black money which political people have in the form of bribe or illegal.

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      GMS KINGZ 4 years ago

      Simple example:- When you go to play shuttle you use to take minimum of 3 cork and while return back you will be having only 2 cork, remaining one damaged..

      Next day while going you take 2cork and bring 1 cork back..!!

      Damaged Cork=corrupted money(No flow, No figure and No Tax)

      RBI has no proper outward and inward flow of money.

      //Money Outward1= inward1+corruption1

      Money inward1 equal to outward2 equal to inward2 plus curruption2

      Hence, money inward1 greater than inward2 greater than inward3 greater than....inward n

      corruptions are the value of money that much we are going down.

      Add corruption into current RBI, gradually our money value will reach say 1INR equal to 1USD and it goes again up...

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      Dhinchak 4 years ago

      very nice.......

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Thanks a lot Bhushan.

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      Bhushan 4 years ago

      Nice article.

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Thanks a lot for sharing your insights on this burning issue.

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      Forexed 4 years ago

      Why did the Zimbabwe currency fail? All the reason here are a tiny tiny component. India, as an economy is economy of hype and not much substance. US id printing dollars literally and Rupee gets weaker? Well is the Rupee primted a whole lot more than USD? A lot of Rupee got printed and chased dollar and all the black Mofos paid thru ears - more rupees for USD. More Worthelss Rupee Charging at USD. Did you for a minute think the Swiss and The Latin American Banks let these crooked Mofos Deposit Indian Rupee in Cash? Think.

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      DEBABBSR 4 years ago

      We should think of about this, as we know we moving forward very critical situations.

      can any body clear me when we could able to sold Rupee against USD our political leader should think about this

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      Sam, what are you saying. Here we are concerned about the dollar going up and rupee going down and you are saying that 1 dollar should be at least 70 rupees. If this will happen, this is going to impact Indian economy on a large scale. This is not POSSIBLE.

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      sam 4 years ago

      I think, Indian people are doing all the researches to keep the value of Rupee up. Indian economymostly depends on US dollar.US has to deal with all the other currencies. When we convert one dollar indian rupee should be atleast 70.

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      Kiran 4 years ago

      I would like to buy 15000 Canadian dollar.does anybody know which is the better time to buy? Do I Waite or buy now?

    • soni2006 profile image
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      Rajinder Soni 4 years ago from New Delhi, India

      I think you are right.

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      DEVI DOSS 4 years ago

      just by blaming others nothing gonna happen ...

      If we people start using our Indian products rather than foreign products our rupee value will definitely increase in coming years ..

      I hope ...

    • profile image

      jai 4 years ago

      I think the most important reasons for this fall is our countryy's trade deficit due to which our imports are increasing and exports are decreasing .That simply means that much more dollars are being spent , as compared to their earnings. in 2012 trade deficit records new high at $185 bn

      Again a big factor for declining dollars.Restricted FDI policies.There are many sectors in which FDI is restricted such as retail, insurance, defence etc. Records show that our FDI inflows fell from $40billion (2008) to $25billion (2011).Due to relaxed FDI policies in China, FDI inflows in China are always above $100billion mark.

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      Rp 4 years ago

      how to cunvert doler black amount hard cash in indian rupies White money

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      The below-mentioned comment has been written by Global Indian. I have deleted the original comment according to HP T&S and truncated it.

      "It does not make sense, the west is weak . The standard of living is falling in the west. Apart from weapons, the west has nothing the east wants.

      All the financial markets are based in the west , they are manipulating the system. The west has huge amounts of debt, just by being shrewd and waging wars they are controlling the world. They are controlling the world by controlling the oil markets and waging one war every year.

      Just look at the LIBOR bank of london fixing. It is like cricket match fixing and the rest of the world is ignoring it, perhaps they are powerless.

      The west will never treat you as equal, will always regard you as slaves , ,outcastes and inferior species."

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      parthiban-chennai 5 years ago

      Day-by-day increasing the dollar rate are not use for indian those who are living in india. But the Indian who lives in USA he will get benefit for this type of increase. Here, many importers who are facing the problem to get their any item from overseas. Because some one placing the order at the rate of 52 dollar now the item is ready but the rate is now 55.4 dollar if he is going to take deliver that item he has to spend additional 2 lacs our government may get 25 % amount in this 2 lacks additionally. But one who placed the order his going to lose the said amount the seller will get benefit. This is globalization what to do.

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks for your visit Ramesh.

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      ramesh 5 years ago

      it not of cruption the rupee is falling

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      5 years ago

      hey dat really nice article...

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks for the comments friends.

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      5 years ago

      kya bat kal ke g,d ki tayari ho ri h nanu

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      nanu 5 years ago

      why the value of the rupee is decreasing in international market???

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      shantanu pai 5 years ago

      It's a high tym fr d policy makers to take some rapid nd long term actions on d situation....

      According to me I look to d present situation as a real opportunity to India as every dark cloud has a silver lineng vit it.... So try to develop confidence in d investors so tat they could see India as a safer heaven to invest...

      So there must b a rapid increase in exports nd fdi... Nd the imp thing to development of agricultural.. Nd the last hypothetical nd highly optimistic move to bring back d black money from swis bank... Hoping fr d good moves to b taken....

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Don't know about Gold. It is becoming unpredictable nowadays.

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      Nupur 5 years ago

      Will Gold Price fall down in July & August ' 12??? Please Let me Know..

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Definitely it will go back Nina. It's very unstable right now but is definitely going down.

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      nina 5 years ago

      what do you think will the rupee go back to around 50 in the next couple of months??????

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks to all of you for the inputs.

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      XYZ 5 years ago

      what about we NRI's sending trillions to India every month? doesn't that freaking help?

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      Jyothi Shetty 5 years ago

      Give me a strong reason y we cant brng all those black money from swiss account......

      Cant imagine how the future days will be.

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      nikhil 5 years ago

      well usd goin up soo much why its not stable no mater its 56 or 57 but must be stable ....today its 56 tomo weather will be 57 next day again come down to 55.66 its so complicated situation we cant buy or sell import or export goods.............what is future prediction for this situation...

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      Murali 5 years ago

      All the reasons mentioned above is correct. But the correct reason is not specific.

      Even after RBI intervention the fall in the rupee could not be stopped. As discussed above, if FI are withdrawing their investments then it could be further dangerous.

      Why cant we improve our exports and improve the forex reserves for payment of imports i.e. current account deficit.

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      VJ 5 years ago

      It is difficult to predict where and when the rupee will stabilise. At present the sentiment seems to be a bit negative for the rupee. I think all the publicity about corruption(which probably is quite true) and the government changing rules on pro rata basis..in the telecom case does give leave foreign investors much confidence. Its not only that they start pulling out their money but a lot of Indians too start sending money out in this scenario.

      The government seems to be a bit shaky now and there is no strong opposition. Unfortunatley Anna Hazare ia completely sidelined despite him trying hard to gather some momemtum amongst the people to fight corruption. I only fear with the decline of growth rate and the rupee exchange rate coupled with increased inflation the corruption will only increase. So the only solution is a complete new way of thinking..long term and not be short sighted.

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Yes definitely Subhash, especially if they are in India having an Indian bank account to covert that money into INR.

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      subhash 5 years ago

      i have a doubt in this situation that doller was strong against ruppee that any benefit to our swiss bank users to collect more money through doller, is it possible . .

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Oh My God, so that will be really really troublesome for our economy. It's a disaster at 75 mark Ben.

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      Ben Samson 5 years ago

      from what has been noticed on friday 22.6.12 & RBI has not managed to keep the rupee from falling has closing over 57 mark means this depreciation could be further & this is a economy in trouble since the % falling further is likely. Bad news is that the INR may take a slide to 70 / 75 mark & retire at the 75 mark in a years time........

    • soni2006 profile image
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      Rajinder Soni 5 years ago from New Delhi, India

      Hello himali, nice evaluation of the current situation in India.

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      himali 5 years ago

      The disinvestment is not just because of the US recession..its also because of the unfavorable government policies of the government that does not attract the foreign investors to invest in India.Besides this , the foreign investors are deterred from investing in India as due to the flurry of corruptions scams erupting now and then in country our government policies for foreign investments has turned out to be capricious.

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      Bhavesh Jain 5 years ago

      Indian People working in US getting good Salary.

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      arpit 5 years ago

      China is also facing the same conditions and being an export oriented country it should face much larger depreciation in its currency value. But it is not the case, WHY??? Chinese Currency is at the same level for months.

      Their decrease in GDP growth is more than India, inflation are higher than India, percentage decrements in dollar generation is much higher in compare to India but still the Chinese currency never lost its value.

      Didn't you find it fishy............

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      ananthapadmanabhan gopalan 5 years ago

      I think the Forex trading should be handled and their actions should be monitored. The swiss bank accounts of Indians should be handled properly and those bank time and again secretly let know Indian finance Ministry and IT Department should also handle them properly. Our exports should use this time favorably and step up . We should avoid getting exited and reaction should be minimal. This will do little favourable conditions for our currency

    • soni2006 profile image
      Author

      Rajinder Soni 5 years ago from New Delhi, India

      @Divya, you are right. This is happening.

      @Vijay, this is not the right time to buy dollars. Do you think dollars will appreciate more from what it is now. If you wanna invest then buying dollars when they are depreciated is the best time. Right now is the perfect time to sell them if you have bought some 4 to 5 months back.

      @Chetan, I don't understand your question.

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      Chetan 5 years ago

      why we can't change indian currency as dollar or euro's???

    • profile image

      vijay 5 years ago

      do you think it is better to buy dollars now and sell it futher or to convert it to rupees in futher

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      DIVYA 5 years ago

      the above two reasons are totally true but besides that this is the one more fact that we are under the cover f huge borrowin from outside market where we are only payin interst n principal still remains as it is, every state demanding huge money from the central government for developing their own state why these states not contibutin their own fund of taxes these funds are indirectly goin in the stomach f ministers n savin in swis banks.. dis is true if ministers withdrawin dr money frm swiss banks thn we r abl to repay princilap wid intt vich v had borrowed but no every1 busy in fullfillin dr own utilies

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      Chandu from manglore 5 years ago

      We have to take some steps against monster politicians.Before that ,we have to change some rules in apointing politicians.In every field,every post,every job there is a ristriction,there is a qualification,there isa ability but what about our politicians ? No qualification,no ability only votes(giving educated fools and uneducated fools).Only 7th standard completed person selected as a MLA,MP MINISTER,Infront of them our goldmedal winner,rank holder,IAS Officer,KAS Officer standing like a dog,giving selute to blady politicians,giving protection like a watchman.

      Now tell me whats the value of education?

    • profile image

      rajnish 5 years ago

      Nice article dude.

      one more thing i would like to share is a 2006 estimate by the SWISS Banking Association suggesting that India topped the worldwide list for black money with almost $1,456 billion stashed in Swiss banks. This amounts to 5 times the country's total external debt($326 billion).

      and u know the what the funny is these politician tell that if lokpal bill comes they will send all of us to jail

      SHAME ON US that we have chosen suck a d**khead.

    • profile image

      HHH 5 years ago

      People may believe, may not believe, I don't care. This has nothing to do with US economic situation. US economy is in tatters since end of 2008, corporations and SMEs are going bankrupt since 2008. So the FII argument of pulling the investments out due to US economy is not believable.

      This has something to do with diplomacy and international affairs more than economic factors. We continue to buy Oil from Iran which is an eyesore for US. Roughly, 15-20% of India's oil requirements are sourced from Iran. It's a huge amount of money every year. India, despite sanctions had decided to continue buying oil from Iran, just recently it announced cuts in Iranian Oil after Hillary Clinton visited India.

      But, meanwhile we continue to buy oil from Iran, and we have to pay for not listening to US and Israel. All these capital movements are likely to be manipulated, and will continue unless India agree to all the terms of US and Israel. The FII disinvestment argument is futile because India experienced good inflow of Funds during the last 2-3 years since the West went the recession. So what happened now? Has the West become better in terms of economies, no way, it has gone bad to worse. So where are the FIIs putting their money, if not India?

    • profile image

      recks 5 years ago

      also the reason for petrol price hike is that last year indian government imported 95 million tonnes of crude oil and petroleum products but in 2012 govt imported 45 billion tones of crude oil.....

    • soni2006 profile image
      Author

      Rajinder Soni 5 years ago from New Delhi, India

      The impact will be there Chandu but not in the minds of politicians who are ripping apart our country's wealth for their own selfish interests.

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      Chandu from manglore 5 years ago

      "Bharat bandu" makes any impact on petrol price?

    • profile image

      ashutosh barve 5 years ago

      Hello friends,

      I think everything indirectly connects to black money see how much we pay as a tax,octroi in each state is different.Now question arises why doesn't government provides subsidy because the money in our treasury has so far been consumed by our ministers, look at their living standard,due to this horrible corrupt status of our country the diffrence between rich and poor has widened to an unbelievable extend.Now the question arises why people dont come out of their houses like egypt and syria because most of us are unaware about everything i request tell every indian about the consequences of black money that how their pockets are indirectly stolen due to this. thank you

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      Novice 5 years ago

      Hey Great article!

      Is the petrol price really justified? Does Indian govt pays so much (base price + taxes) for importing fuel? Is it because of real high fuel demand globally and rapidly diminishing resources of fuel (more demand - less supply), the price is increasing?

      Is there any benefits to our nation/IT sector in rupee falling compare to dollar

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      Pradeep 5 years ago

      I want to know under what factorsn who is getting benefitted who is losing and how it can be controlled.

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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks a lot for expressing your views, Nithy, Shekar, and Ankur.

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      shekar 5 years ago

      thank u guys, i actually don't know much about the reasons behind the depreciation of rupee, but now i got a lot by seeing your views and comments and i do follow your guide lines

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      nithy 5 years ago

      obviously we know those(few of them) who are having black money. Even can't we take any steps against them.

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      nithy 5 years ago

      so many problems are in our country. finally they meet in a point. that's with politicians. we know little number of politicians have a great background from their brought up itself. But many are started their life with normal...but now few of them in the list of world's richest people. how it could be. who will ask against them. how can control them. why the govt. don't take action against them.

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      ankur 5 years ago

      black money of polititions in Swiss bank can help India....

      I think Indian gov. is unnecessarily creating inflation by making different polices , so that the rate of interest of their black money will increase

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      Rajinder Soni 5 years ago from New Delhi, India

      Nithy using less fuel and saving fuel is really great for any nation. Keep up the spirits.

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      nithy 5 years ago

      why not, if we think we can. we need more dollars for fuel. is it? we each should think of our nation. why we couldn't do this. this situation goes, how could be we live.. how we save our people, our nation.

      The only thing is going to be use less fuel..It could be better for our environment and too our savings.

      neighbors can share their vehicle. youth can start these things first.. it will be followed by others in near future..

      the main thing and the only thing is going to be use less fuel...

      Please use less fuel.. save our lives more...

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      Rajinder Soni 5 years ago from New Delhi, India

      Not possible looking at the current scenario

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      surinder kumar 5 years ago

      can $ & rs. be vice versa in future ?

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      Rajinder Soni 5 years ago from New Delhi, India

      Very nice point Chandu but just leave bikes apart they consume less petrol. Just have a look on the cars in an average home in Delhi. One family using 3 cars, one for the father, one for mother, and one for the son, even some people give cars to their drivers to go and shop for just grocery items.

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      Chandu from manglore 5 years ago

      What problem arises in india only reason for dis great indians. Why i'm thinking like because just visit one indian home(keep in your mind we importing petrol)we wil find out 3,4 bikes. How can we expect little reduce in petrol price or import level of the country.Is it not possible to reduce in bikes number?

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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks for your visit Chandrashekhara.

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      Chandrashekhara 5 years ago

      Real truth! Nice think

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      Rajinder Soni 5 years ago from New Delhi, India

      Thanks for sharing your views Anamika and Nithi.

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      nithy 5 years ago

      political bribes also the reason for recession. Now a days they people used too much of transport without reason. why people are go with bulk. for a single visit they(politicians) go with 10 more cars... if they stopped these kind of things... the oil consumption is automatically leveled.. they used their 10 days oil in a single day..how could it be....and people too, they also used cars for their even unwanted reason. they use buses for their daily use. otherwise train.. they should change their self, will help for our nation. people they can share their vehicle with their friends.yeah, they can go with more number of people instead of single. if we change our self, we can save our country from economic down and falling rate too.

      things not to be chilly, i think so.

      just think it of...

      youngsters must co-operate with nation. we will save our country. just think of our country. you will get the reason, why we are like to be..