Dollar value backing up again
Tuesday, August 19th, 2008 | Tech news
Several weeks before, dollar was rising and suddenly it fell down again and now again its showing some signs of recovery.
1 US $ = INR 43.50
When dollar again become weak against Rupee, inflow of income become a bit less to me. (I have one source from where money comes in Omani Rials and it depends proportionally on US dollar). Interestingly CAD is also nearly INR 41 per CAD. There used to be times when AUD and CAD were far from US $ value but its getting almost same. Crude oil prices dropped from $144/barrel to $109/barrel and its expected to come at $99 by year end. What many including me were thinking was that it would touch $200/barrel but as demand of crude oil has decreased greatly, prices have fallen. Maybe time to change to electric cars, like for e.g Tesla motors.
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