First it was Crude, which gave us a real shock of heights it can reach – before falling to unexpected lows. Inflation figures followed the suit – reaching to decade highs only to retreat to seven year lows. Now, inflation is cooling off at 2.34% increase, which is a seven year low. Experts putting this growth in a negative zone for the quarter ending June 2009!
When these two economic factors were catching the eyeballs for their sharp rise and steep falls, two more economic factors are laughing their way up with huge attention turned on them. Dollar and Gold prices are the current favorites asking for attention.
Dollar against rupee has hit a all time high recently, touching Rs. 52 odd per green buck. This was quite a shock when the experts were talking about Rs. 36 a dollar about a year back !. The unexpected stock market crash, and the fleeing away by FIIs in a big way, a huge drop in export earnings and a big break on the movement of FDIs into the Country are said to be the main reasons for this unprecedented rise in Dollar against Rupee.
Now the experts are working overnight to predict the course and destination of Rupee:- latest predictions doing the rounds – it would touch a 60 mark for a dollar soon !!. Is this for real – or will follow the earlier predictions of crude touching $ 250 a barrel is a matter of huge speculation.
With the US economy being in the state what it is, and the Government supply of green bucks to kick start the economy, I wonder, will it really touch a Rs. 60 mark!!. Or is it one more game by Uncle Sam – akin to what many people believe was done in Crude prices ?– to prove to the world that their currency is still in demand?
When these two economic factors were catching the eyeballs for their sharp rise and steep falls, two more economic factors are laughing their way up with huge attention turned on them. Dollar and Gold prices are the current favorites asking for attention.
Dollar against rupee has hit a all time high recently, touching Rs. 52 odd per green buck. This was quite a shock when the experts were talking about Rs. 36 a dollar about a year back !. The unexpected stock market crash, and the fleeing away by FIIs in a big way, a huge drop in export earnings and a big break on the movement of FDIs into the Country are said to be the main reasons for this unprecedented rise in Dollar against Rupee.
Now the experts are working overnight to predict the course and destination of Rupee:- latest predictions doing the rounds – it would touch a 60 mark for a dollar soon !!. Is this for real – or will follow the earlier predictions of crude touching $ 250 a barrel is a matter of huge speculation.
With the US economy being in the state what it is, and the Government supply of green bucks to kick start the economy, I wonder, will it really touch a Rs. 60 mark!!. Or is it one more game by Uncle Sam – akin to what many people believe was done in Crude prices ?– to prove to the world that their currency is still in demand?
9 comments:
Do your weekend thoughts cross the boundries of economics? I wish to know your thoughts on the traffic in Bangalore, changing weather patterns, how the Metro will improve the lives of commuters, about some new ideas and thoughts that you have had, your girlfriend or just plain gossip or a joke! You may join writers bureau(http://www.writersbureau.in/) for a course in polishing your writing to make it more diverse.
Yours thoughtfully
Girlfriend - what does that mean ???
The dictionary says that it means "a friend who is a girl"
Thank you dear !!. I agree - I need to write on diverse subject; and readers wish is my command !!.
Suggested topics:
a)How to calculate property tax?
b)What is wrong with the apparel market?
c)Review of the Kannada film, "Ambaari"
Also, you could look at politics, elections and current affairs.
Being a professional in Finance field, most of the times, I do tend to think on Economic matters; and hence so much of economic related issues in my blog. Politics is equally an important issue; and I am sure, politics is a good idea to jump on to in the current scenario. Thanks for the suggestion
March 19, 2009 10:21 PM
How are you Diwakaraiah... :-)
How are you Diwakaraiah
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