Question is hypothetical, but i think there are financial experts on Yahoo who can answer this correctly
2007-03-21 05:49:46 · 5 answers · asked by Anonymous in Social Science ➔ Economics
not very much
2007-03-22 07:46:59 · answer #1 · answered by rockstar_superstar 3 · 0⤊ 0⤋
Even with RBI intervention and strong demand for dollar we have seen the rupee appreciate by Rs.1 to 2 to a dollar in the last one -two years. So over the next 5 years, with US economy likely to be on a go slow mode and India growing at 8+%, it is reasonable to expect the Rupee to be Rs.38 per dollar in the next 5 to 7 years.
2007-03-21 13:19:31 · answer #2 · answered by r_ranjith 4 · 0⤊ 0⤋
Looking at the previous few days, and the non-intervention by the RBI (surprise, surprise...!), u could say it is going to rise steadily, till the Reserve Bank guys think its overheated
In the long term, as long as the Indian Economy is strong, it could break the Rs. 40/$ mark
2007-03-21 13:10:08 · answer #3 · answered by sushobhan 6 · 0⤊ 0⤋
Dear friend
See noe it is 47paise against us dollar. But i hopeit will cime to 2to3 ruppes in next 4 to 5 years
2007-03-22 07:19:18 · answer #4 · answered by Rakesh MT 1 · 0⤊ 0⤋
I think it will hover around 1$ equal to Rs 50. Apperciation of Rs is good for importers and bad for exporters. For our economy rise in in export is desirable hence depreciation of Rs is in our favour.
2007-03-21 13:33:06 · answer #5 · answered by Anubhav 2 · 0⤊ 0⤋