Well,the dollar seems to have depreciated against the rupee going all the way from 44.50 rs per dollar to 41.75 rs per dollar.this has of course made the exporters very unhappy but as the reserve abnk of india has pointed out this was necessary for keeping the inflation down.of course the quesiton that is begging to be asked is does this attitude of the RBI really help in keeping the inflation down.of course not.in theorey it may have but lets face it,what sounds good on paper rarely does so in real life.and the dollar is not helping matters either with all the mortage issues rebounding on the U.S economy.either way,things are looking intresting in the indian economy with the current Dollar Rupee tango getting more and more heated by the second.would this impact on the current gold prices is anybody's guess?!?
Sunday, April 22, 2007
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