1$= 51.45inr
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LLL.in King
Well-Known Member
The US dollar is on the decline,believe it not. This exchange rate issue won't be here for long because the dollar as a currency has been weakening for a while because it is overprinted.
Kokoro
Member
That's true but it may be also true that Indian Govt. prints even more Rupees (relatively).
LLL.in King
Well-Known Member
But we live in a fiat currency world and fiat currency is in trouble.So the essential question and foundation is who has the "better"built economy? the US economy is riddled in debt and India's is not. USD might be beating INR in short term, but in the next 3-5 years, the tides will turn.The USG is insolvent. Don't mean to get all into the economics,but i've been reading up on the economy and gold and silver and if you dig deep, you know there are problems abound. the OWS movement is a by-product of this economic tornado hitting the US.Sorry, but its true. India's economy has been growing at ~8% for the past decade- India is currently an economic success(and yes, we knw there is disproportionate distribution of the wealth).Give it some time or find anther work around,maybe buy euros..emm...oh,more debt.
iCreationz
New Member
The dollar rates are skyrocketing right now. Too much hassle in forex. Check out the stats from XE and you'll know where that stands.
iCreationz
New Member
Its Not $$ rocking...
INR(52.61) going down..
Check status with GBP&Euro...
Today all records broken.
Just saw that. Its crazy.
You guys need to see this. http://www.xe.com/currencycharts/?from=USD&to=INR
