Indian currency exchange rate - why going down.


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 12-11-11 01:26:12

India is growing at an amazing rate.
Money flows like water here. Companies care a damn is $ Vs. Rs. rate is growing bigger and bigger (except IT companies).
The reason that I see is that India is getting lots and lots of money (being invested) much more than what USA is printing $. Hence as Rupee gets accumulated more, it is losing ground on the US $ which is not being printed as much as the Indian rupee.
Compound that with the high interest rates here where your Rupee gets multiplied much more.
It is so easy here to make 1 to 10 % profit on the stock market atleast once a week.
Peace


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I am a Gents and not a Ladies.


ashedfc   
Member since: Jun 10
Posts: 2153
Location: GTA

Post ID: #PID Posted on: 18-11-11 15:24:08

Indian Rupees crossed 50 on a Canadian Dollar, whatever the Finance Minister in India says, inflation is there to stay..



Gurram   
Member since: Jan 08
Posts: 1002
Location: Toronto

Post ID: #PID Posted on: 19-11-11 10:54:15

Best time to invest or clear off any debts in India



Heart Stealer   
Member since: Feb 09
Posts: 80
Location: Canada

Post ID: #PID Posted on: 19-11-11 12:02:49

How com AUD crossed CAD vs INR
1 AUD =51.29
1CAD=49.87
Is Australian economy growing faster than Canada?

Thanks



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 19-11-11 14:29:53

Australia does trading with China just like Canada does trading with USA.
China has been going on great guns since 2000. So naturally the economy of Australia is going great guns and the currency has appreciated.
One of the major reasons why Indians who migrated to Australia are well settled.
Peace


-----------------------------------------------------------------
I am a Gents and not a Ladies.


Gurram   
Member since: Jan 08
Posts: 1002
Location: Toronto

Post ID: #PID Posted on: 19-11-11 15:42:05

TK is 100% Right.

That is one striking difference. Indian migrants have less complaints in Australia than in Canada. I know at least two families who migrated from Canada to Australia and seems they are happy.

Is there any thing Canada can or should learn from Australia?

Of course one thing I recommend is, Canada should take Australia as a bench mark for Immigration Forms designing and Processing methods.



looklook   
Member since: Jan 10
Posts: 82
Location:

Post ID: #PID Posted on: 19-11-11 18:44:12

In oz you dont need so called OZI experience as compare to canada . People settle and adjust their very quick even corporate s know they need international experience . weather is also similar to India.





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