rupees falling everyday, media failing to capture sentiments of common people.
This deserved to be discussed here, what you think when this trend end ?
will we ever see INR gain its value back and go in 62-64 ?
sorry i haven't seen that thread , possible to merge both ?Already made a thread on this months back. Nothing's going to happen. India is a currency manipulator even worse than China. That money is falling to bring in cash for Infosys and other IT companies here. Just imagine some idiot in govt said to see rates of 75+ in coming months. Hell, I think they will make it 100 like Japan and sit tight there. No limits to greed here.
It's like cutting off the entire body for making a toe nail grow.
https://www.techenclave.com/community/threads/why-rbi-not-shoring-up-the-rupee.187557/
That's not going to happen in near futurewaiting for the dollar rate to come down
can you explain further? Are you paying for tution in usa or india?sorry i haven't seen that thread , possible to merge both ?
it's very sad to know.
I am delaying few tuition fees, waiting for the dollar rate to come down
in usa, nothing related to India. Plus few membership/subscription like bcg, hbr, etc all i need to pay in USD. keep delaying it since 3-4 months.can you explain further? Are you paying for tution in usa or india?
In a view to support the rupee, yesterday, RBI permitted oil marketing companies to borrow as much as USD 10 billion through External Commercial Borrowings (ECBs) and waived off hedging requirements to relieve the pressure on the rupee. Today, USD-INR pair is expected to quote in the range of 73.60 and 74.20, it added.
if they came back India and have still money in US, this will indeed give them certain benefit. but in other way around it would be one of the most idiotic move if they do so. ( more taxes then the profit they make).Good for NRIs. They all seem to love Modi anyway...
/s
Rupee depreciation double whammy for trade, finds SBI study
2 minutes
NEW DELHI: A research report by India's largest bank SBINSE -3.39 % Wednesday said the rupee depreciation has neither helped in improving exports nor in slowing imports, leading to an incremental trade deficit of USD 4 billion in the first half of the current fiscal.
Based on an analysis of both export and import intensive industries during April-September 2018, SBI's report 'Ecowrap' concluded that rupee depreciation has not helped exports as is widely believed.
"In effect, this means we are having a situation of declining exports and increasing imports. We estimate that the net incremental impact on trade deficit is USD 4 billion.
"Thus the common refrain that rupee depreciation will lead to export increase and import decline stands challenged," it said.
India's exports entered the negative zone after five months, contracting 2.15 per cent in September to USD 27.95 billion due to dip in shipments in key sectors, including engineering and gems and jewellery, even though trade deficit narrowed to a five-month low.
Imports in September grew by 10.45 per cent to USD 41.9 billion, according to the commerce ministry data released Monday.
The report further said month wise External Commercial Borrowing (ECB) data suggests, during March 2018 to August 2018, industries like petroleum, NBFCs, power, telecommunication and automobile are heavily borrowing through automatic route and aggregately contributing more than 71 per cent of total borrowing.
"So, any depreciation in rupee will have significant impact on their bottom line if the corporates have not adequately naturalised their risk through hedging," said Ecowrap.
NoThe economical situation of the subcontinent is quite threatening as far as I know. I think the main cause of this drawback in economy is due to the terrorism in this region. Investors are reluctant to put their money here. Do you people agree with me?
As an NRI, I would never want to convert USD to INR for investment purposes. its a bad idea.Good for NRIs. They all seem to love Modi anyway...
The market was overvalued and then trump tariffs and then fed interest rate hikes. first quarter of 2019 would be decisive. but, it seems indian fell due to liquidity problems which probably are a result of govt policies. but yeah, when US market falls, there will be a ripple effect in all the other markets.The entire world is likely headed for another 2008 like recession or something much worse.