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Q.

Us dollar is appreciating against INR.is this means us economy much better than us?

Tags: money, education, inr
Asked by Panneer Selvam, 15 Jul '12 10:47 pm
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Answers (7)

1.

No
Answered by pramodkumar maheshwari, 17 Jul '12 08:53 am

 
  
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2.

Search information about economy and money here - http://j.mp/PY5jfY
Source: http://j.mp/PY5jfY
Answered by Katherine, 16 Jul '12 02:25 pm

 
  
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3.

Still position is not good, lot of improvement is required
Answered by vedprakash sharma, 16 Jul '12 01:27 am

 
  
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4.

It simply means that trade deficit is increasing, that is India is importing more that exporting good/services. Mainly the steep fall in the IT sector, and a stalemate situation in the core sector is responsible for that. Exchange rate has got nothing to do with GDP.
Answered by Parthapratim Chakravorty, 15 Jul '12 11:40 pm

 
  
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5.

I dont know whether their economic condition is better or worse than us; but I know with certainty that even during and after recession the food items in US were cheap, which was not the case with India which was having a higher GDP.
Answered by Manoj Adwani, 15 Jul '12 11:10 pm

 
  
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6.

Yes, it is still better that us.
Answered by Avantika, 15 Jul '12 10:53 pm

 
  
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7.

No. It means Indian economy is going from bad to worse. Not only US dollars, all international currencies are raising against Rupee. It means rupee value is going down and down. The main reason is because of multiple scams by politicians involving crores and crores of rupees, which are stacked in Swiss banks. All the money from our Treasury has been drained into these accounts and all the money that is circulating in our country is only paper, which is printed by RBI. As a result, inflation is raising, which has led to decline in rupee value. Resultantly, all foreign currencies are raising against Rupee.
Answered by Seshadri Srinivasan, 15 Jul '12 10:51 pm

 
  
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