would rupee hit 100?

Propagandhi711 wrote:wondering if anyone thinks the rupee would hit 100 in next 5 yrs?

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..."

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.

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.

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.