Dollar value exchange at highest in india
Today dollar value in India has touched new height. Today if you convert 1 US dollar in INR, you would get INR 48 per unit. Several weeks back when dollar was hovering near Rs. 42, i did say that it would touch Rs. 45 mark. But wait, the dollar nowadays is always above Rs. 46 per unit ! US sub-urban crisis and economy is yet to detiorate much and also i expect dollar to reach Rs. 50 per unit. If it reaches, this will create a history in India. Also Asian countries are facing inflation problem.
whats the basis of the argument that it would reach 50 ?
Comment by Surya — October 9, 2008 @ 10:20 am
Its already near Rs. 47 and rupee shows no sign of recovery. Just wait and watch for few weeks
Comment by admin — October 9, 2008 @ 11:12 am