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would rupee hit 100?

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Post by Propagandhi711 Wed Jun 22, 2016 11:27 am

wondering if anyone thinks the rupee would hit 100 in next 5 yrs? my opinion is it would: for a country with grand aspirations to become the next manufacturing powerhouse and increase it's exports, it makes a lot of sense to keep devaluing the currency. not to mention all the bad loans etc that needs to be flushed out.

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Post by swapna Wed Jun 22, 2016 12:15 pm

Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs?
"will," not "would";

"in the next five years," not "in next five years";

"five," not "5."

get rid of the question mark; the sentence is not a question, but a statement about yourself: "(I'm) wondering if..."

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Post by silvermani Wed Jun 22, 2016 3:39 pm

swapna wrote:
Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs?
"will," not "would";

"in the next five years," not "in next five years";

"five," not "5."

get rid of the question mark; the sentence is not a question, but a statement about yourself: "(I'm) wondering if..."

Grammar aside, the rupee equals a piddly fraction of a dollar (0.015). It hitting 100 against the dollar is impossible. The question should have been "will the dollar equal 100 rupees within the next five years?".
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Post by Propagandhi711 Wed Jun 22, 2016 3:54 pm

would rupee hit 100? Funny-pictures-grammar-nazi

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Post by Merlot Daruwala Thu Jun 23, 2016 1:01 am

Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs? my opinion is it would: for a country with grand aspirations to become the next manufacturing powerhouse and increase it's exports, it makes a lot of sense to keep devaluing the currency. not to mention all the bad loans etc that needs to be flushed out.

Those grand visions of manufacturing resurgence and exports I think are unrealistic, given the non-existent infrastructure. The country is better off focusing on the massive domestic market and on services. Assuming there are no goof-ups, GDP growth should be robust, keeping the inflation differential between the two economies at current levels. That should result in a continued slide of the Rupee without any active effort to devalue the currency. So ya, Rs 100/USD is a realistic number.
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Post by garam_kuta Thu Jun 23, 2016 1:47 pm

Merlot Daruwala wrote:
Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs? my opinion is it would: for a country with grand aspirations to become the next manufacturing powerhouse and increase it's exports, it makes a lot of sense to keep devaluing the currency. not to mention all the bad loans etc that needs to be flushed out.

Those grand visions of manufacturing resurgence and exports I think are unrealistic, given the non-existent infrastructure. The country is better off focusing on the massive domestic market and on services. Assuming there are no goof-ups, GDP growth should be robust, keeping the inflation differential between the two economies at current levels. That should result in a continued slide of the Rupee without any active effort to devalue the currency. So ya, Rs 100/USD is a realistic number.

+1 for until reasonable infrastructure is established, imminent focus should be on domestic market & services; but the disclaimer of 'no goof-ups' ..maan how you gonna take care of it/keep it to a minimum? vijay mallya is not just an outlier but a dot in a large cluster.



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Post by Merlot Daruwala Fri Jun 24, 2016 3:20 am

garam_kuta wrote:
Merlot Daruwala wrote:
Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs? my opinion is it would: for a country with grand aspirations to become the next manufacturing powerhouse and increase it's exports, it makes a lot of sense to keep devaluing the currency. not to mention all the bad loans etc that needs to be flushed out.

Those grand visions of manufacturing resurgence and exports I think are unrealistic, given the non-existent infrastructure. The country is better off focusing on the massive domestic market and on services. Assuming there are no goof-ups, GDP growth should be robust, keeping the inflation differential between the two economies at current levels. That should result in a continued slide of the Rupee without any active effort to devalue the currency. So ya, Rs 100/USD is a realistic number.

+1 for until reasonable infrastructure is established, imminent focus should be on domestic market & services; but the disclaimer of 'no goof-ups' ..maan how you gonna take care of it/keep it to a minimum? vijay mallya is not just an outlier but a dot in a large cluster.



With this govt, you never know where the next self-created disaster will come from. Raghuram Rajan is gone just like that. Who knows when Jaitley finds himself in the crosshairs?
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