Wednesday, May 23, 2007

Rupee appreciates again!

Well it certainly seems to be bad news for the EXIM people with the rupee appreciating like this against the U.S dollar.the Reserve Bank of India,it seems is more than happy to let the current Dollar-Rupee Tango go on like this without any intervention of any sort.recently the prime minister of India,dr.Manmohan Singh had commented that inflation was a cause of concern for him.so the Reserve Bank of India may have decided not to intervene in the Rupee's appreciation against the Greenbacks in order to manipulate the inflation so as to bring it down.but the common man's query is that whether the inflation is up or down,the prices of the Essential commodities always seem to head in one direciton and thats up,all the way!

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