Indian Rupee is shedding. Indian Rupee is witnessing its worst nightmare now. It has lost more than 2 rupee against dollar in less than a week.
It all started last week, On Thursday, it has started falling and on Friday it has started setting a new low and from then its been no look back.
Friday it touched new low by beating 4 month low and on Tuesday it dipped to new low ever of 55.90 and today i.e., on Wednesday it plunge further into 56. Making it 56.19.
RBI's measures have been failed and they have failed to live upto expectations. There has been speculations that Rupee will trade for 55 level for 6 months but now it has crossed that league and is entering into new dimension of fall down.
Fiscal investments, debts and returns make it bad for rupee and FDI's make it worse. Meanwhile, Indian government isn't taking good responsible measures, which are mandatory to maintain their solid position. Remember, the Indian government and its policies have stood strong in Recession which created havoc in 2008.
Strangely due to Euro crisis, very lately Rupee is falling apart. This has made Oil rate costlier, Gold investments much easier and Foreign educations for students hard. Many students cry foul at the rates.
On the other hand, India V Euro is not as weak when compared to Dollar U.S. Though Rupee fell by almost 1.5 rupee, it still holds good. But as all trades are in U.S. DOllars and also Major FDI's coming through Dollar is concerning.
If no safety measures taken, then Rupee will trail a lot and would be tough for it to re cope. Many industrialists warn government to stop thinking about Presidential elections and concentrate on Rupee weakening.
Its high time for RBI and Indian Government to start concern about Rupee Plunge. Will bring you much latest developments about the Rupee and its drop or pop out.
It all started last week, On Thursday, it has started falling and on Friday it has started setting a new low and from then its been no look back.
Friday it touched new low by beating 4 month low and on Tuesday it dipped to new low ever of 55.90 and today i.e., on Wednesday it plunge further into 56. Making it 56.19.
RBI's measures have been failed and they have failed to live upto expectations. There has been speculations that Rupee will trade for 55 level for 6 months but now it has crossed that league and is entering into new dimension of fall down.
Fiscal investments, debts and returns make it bad for rupee and FDI's make it worse. Meanwhile, Indian government isn't taking good responsible measures, which are mandatory to maintain their solid position. Remember, the Indian government and its policies have stood strong in Recession which created havoc in 2008.
Strangely due to Euro crisis, very lately Rupee is falling apart. This has made Oil rate costlier, Gold investments much easier and Foreign educations for students hard. Many students cry foul at the rates.
On the other hand, India V Euro is not as weak when compared to Dollar U.S. Though Rupee fell by almost 1.5 rupee, it still holds good. But as all trades are in U.S. DOllars and also Major FDI's coming through Dollar is concerning.
If no safety measures taken, then Rupee will trail a lot and would be tough for it to re cope. Many industrialists warn government to stop thinking about Presidential elections and concentrate on Rupee weakening.
Its high time for RBI and Indian Government to start concern about Rupee Plunge. Will bring you much latest developments about the Rupee and its drop or pop out.
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