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The way Indian Rupee has appreciated in the last 3 month's is really amazing and scary. Let us hear how this is going to affect the Indian Economy in general.
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I dont think its rupee appreciating, but Its dollor depreciating. Compare the indian rupee against Euro to know the real situation.
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Well that is what I meant - the Rupee-Dollar thing - as most of our exports are in Dollars...
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Even I was shocked to see that 39.89 against dollar!!!!!!!!
Only thing we can do is to hold our earnings.... but for how long...
Indian economy is going strong and draining our pockets.............
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The Finance minister has refused to help by increasing the interest rates - which is good news - cause increasing interest rates means increase in inflation - but still India needs to find alternative means - cause this would have happen (the dollar going week) sooner or later - as India's dependency on the US in term's of export is very high. For that matter China has done a good job. In the last two years they have penetrated big time into Europe, Asia and Africa - reducing their dependency on US.
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its a good thing that indian rupee is having much value
in the coming years there won't be any difference between indian rupee and american dollar
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The Indian rupee is going strong. The BSE sensex readings are simply an indication to that.
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The appreciation of indian rupee against US dollar definitely shows the growth of indian economy
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i think the change in the sensex will be a turning point in indian economy
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it was a record growth that hs been showed by the indian sensex last week and thats why i told that it will be a great turning point in indian economy.
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what u ppl think.. are there chances of further decpreciation of US$ against indian rupees ??
or will it show a growth again?
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I shall await with eager anticipation to watch your times tumble:P
Good luck with the new pedals I am sure that they will make racing more pleasurable
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Indian Rupee foreign exchange rate is linked to a basket of currencies. In 1975, the Rupee's ties to the Pound Sterling were discontinued. India established a floating exchange regime, with the Rupee's effective rate placed on a controlled, floating basis and linked to a "basket of currencies".
Further, Indian Rupee has a market-determined exchange rate. In fact, currencies of a number of leading players in Asia, such as Hong Kong, Singapore and Malaysia, are still pegged to the US dollar, and the Chinese yuan has just been floated within a very narrow band.
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Unicode is an international standard that allows text data to be interchanged globally without conflict. After incorporation in the global and Indian codes, the symbol would be used by all individuals and entities within and outside the country.
The symbol will be adopted in a span of six months in the country, and within 18 to 24 months globally, Soni said, adding that it will feature on computer keyboards and softwares for worldwide use.
Soni said that the symbol, which reflects the Indian ethos and culture, would help distinguish the currency from the rupee or rupiah of other countries like Pakistan, Nepal, Sri Lanka and Indonesia.
Besides this, state governments would be asked to proactively promote the use of the new symbol, she added.
Kumar's entry was chosen from 3,000 designs competing for the currency symbol. He will get an award of Rs 2.5 lakh.
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