One Dollar = Sixty Rupees? Is this fraud
1. Only dollars of western countries like USA,
Europe, Australia are strengthening
2. This valuation was done post 2nd World war under
influence of IMF, UN, World bank, WTO era.
3. Why is there so much of disparities between people
living in developed countries and developing countries
4. Is this a way of controlling country like India ?
5. Economy of UK is trembling but Pound is rising?
6. Inflation is affected by this inequality more
Europe, Australia are strengthening
2. This valuation was done post 2nd World war under
influence of IMF, UN, World bank, WTO era.
3. Why is there so much of disparities between people
living in developed countries and developing countries
4. Is this a way of controlling country like India ?
5. Economy of UK is trembling but Pound is rising?
6. Inflation is affected by this inequality more
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It is strange that we are in a better economic condition as compared to other developed countries however still INR is devalued. Any innovative idea to solve this...... more
Aug 16
I agree, Bullion is not the only thing, but increased use and world wide acceptability of "USD/Euro" has created this gap. Payments for Oil, Bullion are made in these currency kept demand high. though US/UK policy of printing notes is baseless. "Jitna Chahiy Utna Chaap Lo" Old system of Goods for Goods instead of currency was good for keeping this balance. but was with limited features so bound to change... more
Jul 16
1.On 1st and 3rd July 1991 India and IMF devalued rupee due to worse economic conditions and pledged gold with IMF. 2.Today India has sufficient foreign reserves with a reasonable basket of BOP 3.Indian economy is better off than UK, USA, etc. 4.A fair revaluation of rupee to dollar may bring exchange somewhere between Rs 40-45 per dollar. This will be corrected in future also. more
Jul 16
