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Rupee is tanking!

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Rupee is tanking! Empty Rupee is tanking!

Post by harharmahadev Fri Sep 23, 2011 9:47 am

I have been yelling from rooftops to diversify out of the INR but nobody cares. That's ok. I'm used to the heckles and cackles. It's your money. I can only warn you of the risks. If you choose to jump into the trap, that's your prerogative.

Yes, the USD is doomed too...but the INR will be doomed well before the USD. For now and the near future, USD is probably the best place to hide.

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Post by The Absolute Zero Fri Sep 23, 2011 10:25 am

harharmahadev wrote:I have been yelling from rooftops to diversify out of the INR but nobody cares. That's ok. I'm used to the heckles and cackles.

Next time, yell at top of your lungs even from rooftops. OK?

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Post by Guest Fri Sep 23, 2011 10:27 am

Will 1 USD = 65 INR by EOD?

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Post by harharmahadev Fri Sep 23, 2011 10:52 am

Richard Hed wrote:Will 1 USD = 65 INR by EOD?

EOD? Highly highly unlikely. I never said EOD.

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Post by Guest Fri Sep 23, 2011 11:53 am

harharmahadev wrote:
Richard Hed wrote:Will 1 USD = 65 INR by EOD?

EOD? Highly highly unlikely. I never said EOD.

Haha...

Sorry - meant EOY. ?

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Post by Propagandhi711 Fri Sep 23, 2011 1:10 pm

yawn. heightened global risk of recession = flight to safety of the dollar. so what? it's normal cycle that's played out 10s of times in the past few years. am surprised you dont take credit for saying sun will set in the west today - why so modest?

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Post by harharmahadev Fri Sep 23, 2011 1:23 pm

Propagandhi711 wrote:yawn. heightened global risk of recession = flight to safety of the dollar. so what? it's normal cycle that's played out 10s of times in the past few years. am surprised you dont take credit for saying sun will set in the west today - why so modest?

Credit goes to me who predicted the heightened global risk of recession.

But in the INR's case, there is more to the story that just the heightened global risk of recession. There is the looming risk of a balance of payment crisis.

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