What happens if Rupee-Dollar goes to 100

The LocalCircles survey below expressed our concerns about rupee going to 80. Now its going to 90 looks like with 82 getting touched in a few hours.


The country must do some contingency planning if it goes to 90 and 100.

Are we ready for prices of fuel, food, commodities going up by 20-30%?

The RBI doesnt seem to be intervening and Government cant do much. What happens to commoners and economy in these circumstances? more  

View all 14 comments Below 14 comments
Our IMPORTS are MORE then Our EXPORTS. Unless this is checked USD will always appreciate. And a time will come when it may reach to Rs 100. more  
Mr. Mittal, sounds you are a Modi follower. Sorry to hurt you. But this is true, its easy to hurt the people who are under your control. Why Modi kept on blaming MMS, please watch hyperlink....https://www.youtube.com/watch?v=Ynpjtd0cNXE more  
The weakened INR against USD will result in cost decrease for exports of goods and services and cost increase for imports of goods and services. Since oil is imported people will see inflated price of diesel and petrol. People can adopt some conservation tactics. There may be other imported goods of significance that I am not aware of. Exports may spike which is good for Indian manufacturing. This is a complex matter that educated economists cannot get a good understanding. more  
Exchange rate definitely affects the high net worth individuals in India particularly those whose consumption pattern is heavily influenced by imports.The percentage of population of high net worth individuals in India or for that matter in almost all economies is too small to invite the attention of policy makers.The speculative financial market particularly exchange market is specifically controlled by a very few players who are diverting their resources in more speculative market like cryptocurrency.Naturally foreign exchange being invested in these crypto currencies there is shortage of foreign exchange in traditional exchange market giving rise to exchange rate crisis.As far as exchange is concerned it is speculative but if purchasing power parity rate is considered it reflects the ground reality more  
The common citizen does no care where the rupee goes against the dollar. All he wants is for the authorities to keep the costs of livable items in check. How the govt does it is upto them. more  
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