Tuesday, May 8, 2007

why is rupee becoming stronger against dollar ?

1) because rbi ( our govt ) has run outta money due to heavy lending.
2) fdi's are moving out of INDIA
3) banks have lent too much money
4) in order to retain some money from phirangs ( fdi's) ruppe value has been increased from 45 to 40. this means phirnags will loose about 9 percent. this may de-motivate them to immediately pull out money.
5) bottom line: one way to stop fdi's to run out with their cash bags.
6) its all by design thanks to rbi

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