Tech Productivity

February 21, 2008

Lowering value of dollar,bites me hard

Filed under: Tech news — Tags: — admin @ 10:01 am

Its high time,dollar isn’t going up wards. Its been lowering it value (Dont worry,its constant now). The lowering value of dollar has been proved a loss for me,not only me but even my country-India. It was 1 US$ – 45-46 INR but its about INR 39.5-1 US$ past an year. Not anything new in this post,but i was hoping that dollar might recover in an years time. India is a highly growing economy,developing fast(though with full corruption and a bit political instability).

The lowered value is good for importers but sheer bad luck for exporters. Specially big houses who have about 10-15% profit margin have been whitewashed an year before. It has a direct effect on my adsense and other earnings. 10% decreased income :( .I increased my income by 10% an year before but it was nil -ed by this raise in valuation of INR. Even countries like china have lowered their currency values by upto 20% 2 years (?) back so that their exporters make profit and company has larger export revenues.

 Does India proud of this raise in value of its Rupee? certainly it shouldn’t(few do). The reason was huge FDI flowing in indian markets,especially Indian real estate which is at peak now.

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