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Q.

Is Strong rupee good for our economy ???

Tags: money, careers, strong rupee
Asked by Manoj Kakkar, 04 Oct '12 06:51 pm
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Answers (7)

1.

Yes, it is good boon for our economy as it will help us balance the trades from outside & procure more for less so the imports bill will be lesser!!
Answered by dharamender nebhnani, 04 Oct '12 06:52 pm

 
  
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2.

Yes of course
Answered by rajnikant raiyarela, 04 Oct '12 08:32 pm

 
  
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3.

Very much so
Answered by Sonali, 04 Oct '12 08:10 pm

 
  
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4.

Pahle ho to 50 se kam to hota nahi kabhi
Answered by babu rao, 04 Oct '12 07:52 pm

 
  
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5.

Yes but for rupee in good form, economical reforms are needed unlike fdi
Answered by sigma, 04 Oct '12 06:52 pm

 
  
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6.

But all are suffeing
as rates of all things are getting high..but..salary is constant?
Answered by harpreet, 04 Oct '12 06:52 pm

 
  
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7.

Yes sir:More than the magnitude of the rupee's depreciation, it is the speed of the decline that is troubling RBI. The recent slide has not caught the central bank unawares . Last year, when the greenback gained, the exchange rate reached 54.305 rupees to the dollar on December 15, 2011. This was an all-time low for the rupee, which had hit a year's low of 43.855 on July 27 - a 23.83 per cent drop in 91 trading days.

Dhoot says one of the reasons for the rupee's decline is that investment inflows are thinning as investor confidence fades. Exporters benefit in such a scenario, while importers and borrowers with liability in foreign currency suffer. "Companies take view of the direction of currency movement and then decide to hedge," says RBI Deputy Governor Anand Sinha. But not all companies hedge, so the declining currency is likely to hit many bottom lines.
Answered by jameel ahmed, 24 Oct '12 01:03 pm

 
  
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