Will US dollar will gain against Indian Rupee in near future
Both the U.S. dollar and the Rupee are funny money -- fiat money. Fiat money has no value other than the confidence of the people using them and the ability of the rulers to manipulate perceptions. Since both are phony, you have to look to politics to see which will gain against the other in the short term. In the long term, the value of ALL fiat money, such as the Dollar and the Rupee goes to ZERO. Then the rulers institute a new funny money with a new name, or something like "New Dollars" or "New Rupees". Do you recall the currency that disappeared before the Rupee was instituted?
by Pankaj Pathak8 years ago
Why dollar is moving up and rupee is going down?There has been a recent fall in rupee since some days ago, even two days ago, it was 49.50, then 47.50, 47.10, and now 46.92. Why is this happening?
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by OSBERT JOEL C4 years ago
Indian Rupee is falling rapidly against US Dollars. Can any one explain me why it is happening so?
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