jtaylor
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| Indian Rupee |
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I came to this forum to ask for some info if available. I am doing a research paper on the Indian Rupee and basically one of the things our professor would like us to cover is "Why the Indian Rupee is going to hell." I've done lots of research myself and have a good amount of info. I was just curious if any of the wiser of world market savvy people would have anything to add. Thanks in advance if I do recieve any help.
Jon
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Thu Oct 07, 2004 4:44 am |
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Andrew
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Good question. Oil appears to be a primary factor, but perhaps not the only one. You may have seen this...
quote:
Is it oil price or something else causing the problem? According to foreign exchange experts, oil may be a factor but not the only factor. The current balance of trade is also working against Rupees. In addition Manmohan Governments problems with the Left parties is also a major factor. If the communists change the Government’s policies, the inflow of foreign investment funds can stop and cause more problems.
http://www.indiadaily.com/editorial/09-29a-04.asp
quote:
Traders said a lack of sustained support for the rupee from the Reserve Bank of India (RBI), which intermittently sold dollars through state-run banks in the morning before letting go, had also weighed down sentiment on the local currency.
"There was a big rush for dollars towards the close, with several big companies seeking to buy, possibly for month-end commitments," a dealer at a state-run bank said.
"Also, some people who may have gone short (on the dollar) around the 46.05 level may have got caught out and rushed to cover at the close."
http://in.news.yahoo.com/040928/137/2gzl2.html
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Thu Oct 07, 2004 2:10 pm |
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jtaylor
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Thanks for the info. I'll have to keep tabs on that site. With all my google searching I didn't find something so up to date and exact on the topic. Thanks again.
jon
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Thu Oct 07, 2004 5:34 pm |
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Colinc
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It is interesting to wonder why the rupee was not pegged to the US$ like so many of the far east currencies ( well nearly pegged in most cases)
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Thu Nov 04, 2004 12:46 pm |
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Zaheer Khan
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The term 'Rupee' is taken from a Sanskrit word 'rupyakam' that means 'silver coin'. The term was used because the all the earliest coins were made of silver.gradually, the number system became popular and the Rupee became the official currency of many countries including India, Pakistan, Bhutan, Nepal, Sri Lanka, Indonesia, and Maldives.
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Wed Mar 09, 2011 2:20 pm |
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terrancebrandt
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Currency history can be found online. Some good and basic formats of evolution of it can be found in Wikipedia. Try to search it under the India country as well.
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Fri Mar 11, 2011 1:21 pm |
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nimish03
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| Indian Rupee |
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this is good question, actually i also want to know about that thing. but i think that High inflation rate may be a factor of this particular reason.if any other perfect reason available then please post your view. i am waiting for perfect view regarding this topic.
thanks
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Wed Apr 20, 2011 11:51 am |
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jeffreymint
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Currency is like a type of person's indentification already. Whatever money that you have is already been tagged into your profile.
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Thu May 05, 2011 2:19 pm |
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marshal france
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These are extraordinary times. Analysts have described the events of the last few days as the worst financial crisis ever to have hit the world. Imprudent financial decisions, fed by greed and bad luck, have seen global financial markets collapse. The bankruptcy, sale, restructuring and merger of some of the world's largest financial institutions has caused cataclysmic disruptions in the international stocks and money markets.
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Thu Sep 15, 2011 11:39 am |
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samurai
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quote:
Originally posted by marshal france
These are extraordinary times. Analysts have described the events of the last few days as the worst financial crisis ever to have hit the world. Imprudent financial decisions, fed by greed and bad luck, have seen global financial markets collapse. The bankruptcy, sale, restructuring and merger of some of the world's largest financial institutions has caused cataclysmic disruptions in the international stocks and money markets.
sooo...is the blood flowing in the streets enough to convince you to buy?
The best way to predict the future is to create it.
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Thu Sep 15, 2011 1:49 pm |
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coaster
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quote:
Originally posted by samurai
is the blood flowing in the streets enough to convince you to buy?
I don't know about that, but I do know where the relative valuations are, and on that basis I've bought equities and sold bonds.
~Tim~
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Thu Sep 15, 2011 4:09 pm |
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samurai
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quote:
Originally posted by coaster
quote:
Originally posted by samurai
is the blood flowing in the streets enough to convince you to buy?
I don't know about that, but I do know where the relative valuations are, and on that basis I've bought equities and sold bonds.
I just can't seem to convinse myself to sell some of my bonds. I have bonds that yield from 6-9.8% annually, giving either quarterly or semi annual interest payouts. I know I can sell some at a premium, considering how low interests yields are now, but if I were to sell and make a substantial profit...what will I buy to replace them?
So far, I've still got about 25% of my money in moneymarket, cash, or bond funds. And I'm gradually buying equities.
What do you do with the money from selling your bonds? Do you buy more equities?
The best way to predict the future is to create it.
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Thu Sep 15, 2011 11:12 pm |
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