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Rupee Crashes To New Low Rs 64

sid_22

By sid_22
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dotnetrockz LEGEND

dotnetrockz

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@all read this statement from M M singh

[color=#333333][font=Arial, Helmet, Freesans, sans-serif][size=1]The Indian rupee has declined by nearly 16% against the US dollar since May. The drop has coincided with a slowdown in the country's growth rate.[/size][/font][/color]
[url="http://www.bbc.co.uk/news/business-23751210#story_continues_2"]Continue reading the main story[/url]

[color=#505050][font=Arial, Helmet, Freesans, sans-serif][size=3][b] [url="http://www.bbc.co.uk/news/business/market_data/currency/12/11655/default.stm"]US Dollar v Indian Rupee[/url][/b]
[font=Arial][size=1][background=rgb(237, 237, 237)]LAST UPDATED AT 20 AUG 2013, 00:36 ET[/background][/size][/font][url="http://www.bbc.co.uk/news/business/market_data/chart?chart_primary_ticker=FX^USD:INR&chart_time_period=3_month&canvas_colour=000000&primary_chart_colour=CC0000&use_transparency=0&plot_colour=ffffff&cp_line_colour=1F4F82&margin_left=35&margin_bottom=20&margin_right=20&time_24hr=1&tiny_chart=1&tiny_month_view=1&logo_strength=light&y_axis_left=1&x_axis_plain=1&cp_line=1&cp_line_style=dotline&charting_freq=1_minute&co_dimension^width=271&co_dimension^height=170&small_chart_x_label_format=1&date_label_spacing=30"]http://www.bbc.co.uk...abel_spacing=30[/url] $1 buys change % 63.9025 [font=Arial][size=1][background=transparent]+[/background][/size][/font]
+0.77 [font=Arial][size=1][background=transparent]+[/background][/size][/font]
+1.22 [/size][/font][/color]
[size=6][color=#333333][font=Arial, Helmet, Freesans, sans-serif]Asia's third-largest economy grew at an annual rate of 5% in the 2012-13 financial year, the slowest pace in 10 years.[/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif]At the same time, India's current account deficit has been growing, triggering further fears over its economic and financial health.[/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif]A rising current account deficit affects a country's foreign exchange reserves as well as the value of its currency.[/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif]The combination of all these factors has sparked comparisons to the financial crisis that India faced in 1991. In July that year, the rupee eventually fell by more than 32% against the US dollar after foreign exchange reserves were depleted.[/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif]The issue resulted in the country being rescued by the International Monetary Fund.[/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif]Over the weekend, Prime Minister Manmohan Singh tried to allay fears that India was facing a similar situation.[/font][/color][/size]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif][size=1][size=6][color=#ff0000]He said that back in 1991, the country had foreign exchange reserves only for 15 days, while currently it has reserves of six to seven months.[/color][/size][/size][/font][/color]
[color=#333333][font=Arial, Helmet, Freesans, sans-serif][size=1]"So there is no comparison. And no question of going back to [the] 1991 crisis," Mr Singh told the Press Trust of India[/size][/font][/color]

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dotnetrockz
dotnetrockz

@all read this statement from M M singh [color=#333333][font=Arial, Helmet, Freesans, sans-serif][size=1]The Indian rupee has declined by nearly 16% against the US dollar since May. The drop has co

SudhirKumar Celebrity

SudhirKumar

Posted
Posted

[quote name='jbourne' timestamp='1376973494' post='1304137657']
[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

nuvvendi economic proff lekka cheptunnavee
[/quote]

Young 30's lo adhey job chesindu le [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

pavan_613 LEGEND

pavan_613

Posted
Posted

[quote name='jbourne' timestamp='1376973494' post='1304137657']
[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

nuvvendi economic proff lekka cheptunnavee
[/quote]

[url="http://www.bloomberg.com/news/2013-08-19/clouds-gather-over-asian-economies-as-capital-flows-back-to-u-s-.html"]http://www.bloomberg.com/news/2013-08-19/clouds-gather-over-asian-economies-as-capital-flows-back-to-u-s-.html[/url]

jbourne LEGEND

jbourne

Posted
Posted

[quote name='CITI' timestamp='1376973607' post='1304137663']
[url="http://www.bloomberg.com/news/2013-08-19/clouds-gather-over-asian-economies-as-capital-flows-back-to-u-s-.html"]http://www.bloomberg...ck-to-u-s-.html[/url] idhi choodu dude
[/quote]
bloomberg nuvvu kuda chaduthava :)

avesham ga posts esthe CNN lo chusi appacheptunnav anukunna :(

dotnetrockz LEGEND

dotnetrockz

Posted
Posted

[quote name='Brahmanandam_AFDB' timestamp='1376973315' post='1304137640']

Asalu no way of getting better antava Nissan... :3D_Smiles:
[/quote]


Govt chala routes try chesthundhi but they should have taken care before when it started falling in mid april itself....

pavan_613 LEGEND

pavan_613

Posted
Posted

[quote name='jbourne' timestamp='1376973799' post='1304137671']
bloomberg nuvvu kuda chaduthava :)

avesham ga posts esthe CNN lo chusi appacheptunnav anukunna :(
[/quote]

bloomberg ey choostha mostly :)..... inka konni news papers . anthey.

dkchinnari LEGEND

dkchinnari

Posted
Posted

[quote name='jbourne' timestamp='1376973799' post='1304137671']
bloomberg nuvvu kuda chaduthava :)

avesham ga posts esthe CNN lo chusi appacheptunnav anukunna :(
[/quote]edo 2 3 lines esthadu..ekkuva telasu anukoni avesha padaku CITI_c$y CITI_c$y

jbourne LEGEND

jbourne

Posted
Posted

[quote name='Nissan' timestamp='1376973843' post='1304137673']


Govt chala routes try chesthundhi but they should have taken care before when it started falling in mid april itself....
[/quote]
naak telisi FDI ki gates ethesthe paristiti baguntadii emo but adi kastam emo

how abt black money man intha crises vunte that shud be the last resort right

jbourne LEGEND

jbourne

Posted
Posted

[quote name='vishwamithra' timestamp='1376973985' post='1304137677']
edo 2 3 lines esthadu..ekkuva telasu anukoni avesha padaku CITI_c$y CITI_c$y
[/quote]
ante antava lol [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

dkchinnari LEGEND

dkchinnari

Posted
Posted

[quote name='jbourne' timestamp='1376974030' post='1304137679']
ante antava lol [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]
[/quote]anthe,,ekkuva aduguthe bebbe[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

jbourne LEGEND

jbourne

Posted
Posted

[quote name='vishwamithra' timestamp='1376974061' post='1304137680']
anthe,,ekkuva aduguthe bebbe
[/quote]
adugudam anukunna but [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

dkchinnari LEGEND

dkchinnari

Posted
Posted

[quote name='jbourne' timestamp='1376974096' post='1304137682']
adugudam anukunna but [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]
[/quote][img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img] adigi chudu..already jump

dotnetrockz LEGEND

dotnetrockz

Posted
Posted

[quote name='jbourne' timestamp='1376973995' post='1304137678']
naak telisi FDI ki gates ethesthe paristiti baguntadii emo but adi kastam emo

how abt black money man intha crises vunte that shud be the last resort right
[/quote]

nenu anukovadam manaki imports chala ekkuva and exporting takkuva(like china or other manufacturing based ).......this is one of the cause for imbalance

pavan_613 LEGEND

pavan_613

Posted
Posted

[quote name='vishwamithra' timestamp='1376974128' post='1304137683']
[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img] adigi chudu..already jump
[/quote]
[quote name='vishwamithra' timestamp='1376974061' post='1304137680']
anthe,,ekkuva aduguthe bebbe[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]
[/quote]
[quote name='vishwamithra' timestamp='1376973985' post='1304137677']
edo 2 3 lines esthadu..ekkuva telasu anukoni avesha padaku CITI_c$y CITI_c$y
[/quote]

[img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img] DKC yeshal modalettava [img]http://lh5.ggpht.com/_KVkPY2XIbRQ/TcS35qdWkEI/AAAAAAAACQA/YptnonlInwY/Ali%20venu.gif[/img]

jbourne LEGEND

jbourne

Posted
Posted

[quote name='Nissan' timestamp='1376974165' post='1304137685']
nenu anukovadam manaki imports chala ekkuva and exporting takkuva(like china or other manufacturing based ).......this is one of the cause for imbalance
[/quote]
yeah ofcourse fab city semi conductors factory open ayi vunte ee patiki mana India kuda china taiwan paknna vundedii[img]https://lh5.googleusercontent.com/-bXzQ4QmedCY/TdLiOK3aD-I/AAAAAAAABPI/Cx-owCqJQcU/bemmicreative-o.gif[/img]

eppudu chudu major exports lo tobacco cotton sugar A&F tappa

oka silicon chip lekapote oka PCB lu vunnaya

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