Wednesday, January 2, 2008

The Rising Rupee!

These days as the U.S dollar seems to be plummeting to new depths, it seems that nothing can hold the rupee back. The exporters cries are getting shriller by the day as the rupee marches head on, becoming stronger by the day.
Almost every day seems to be bringing about the further rise of the rupee, and it is not only the exporters who are being hit, but also the countless number of companies who had moved their operations to India as it was profitable for them to do so. But now, that may no longer be the case, we all want a strong rupee, but not this quickly as it would only deplete our forex reserves and bring about inflation.

technorati tags: indian,rupee,dollar,exim,currency,

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