2007-05-27 04:41:44 · 3 answers · asked by kpmmj 1 in Business & Finance ➔ Other - Business & Finance
In some cases, yes you will be spending a $1 like you would spend a Rs. 1 in India, like in tipping at restaurants or someone for a help.
But in USA a $1 would buy you a bottle of soap, a bottle of milk or Coca-cola. But you cannot even give Rs. 1 to a beggar in India any more or buy peanuts for Rs. 1 in India.
All in all $1 goes further than Rs.1. But at this time better hang on to your Rupees as it is becoming stronger day after day and keep your investments in India.
2007-05-27 04:56:09 · answer #1 · answered by pkunal 2 · 0⤊ 0⤋
The rupee/dollar exchange rate is the same all over the world.
Think about this for a moment: If what you said was true, then anyone could fly to India, buy a suitcase full of rupees, come back to the USA and become an instant millionare. In fact, I would be on my way right now. Obviously, that doesn't happen - The forces of the market, simple supply and demand, won't let that happen.
By the way, I just recently bought uncirculated examples of the new Rs500 and 1000 from a banknote dealer in India. I paid about US$40 for the pair.
2007-05-27 18:46:35 · answer #2 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
nope...your rupee means nothing ta them if ya don't convert it ta american dollars.,.,=D
2007-05-27 11:52:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋