Dollar is Devaluating in terms of rupees???
December 6, 2007 12:33am CST
Dollar is definitely devaluating in terms of rupees; earlier the value per dollar was around approx.,50 rupees; But consdering our fast growing economy. the value per dollar has devaluating to approx., 40 rupees; On one hand it is an advantage to an developing country live ours as our import bills will be reduced. But on the other hand it is discouraging our exporters. as they are running into losses. The govt. is trying to compensate for the losses. to the exporters by covering. a genuine percentage of the difference in currency rates...