2007-07-25 16:55:24 · 7 answers · asked by Joshua 1 in Business & Finance ➔ Other - Business & Finance
Hi there !
As per the latest trends, it looks like the indian economy is slowly picking up.. and
considering this and other trends in US , it may be around Rs 35 - 38 ?
But US is trying their best to make it stabilise at around 40/- !
But in the nearby future, no chance for an increase !
best wishes !
2007-07-25 17:17:30 · answer #1 · answered by suresh k 6 · 0⤊ 0⤋
Dear Friend !!
The Value of $1 will be around 40 to 42 Rupees in next 2 - 3 months period
2007-07-26 00:15:12 · answer #2 · answered by Warrior 3 · 0⤊ 0⤋
I think it will stabilize at the current levels. Already the IT sector which is a key driver of indian economy has taken a hit because of rising rupee. Any further appreciation of rupee will have detrimental effect on the growth rate and productvity of the economy. As per latest news, several IT majors are considering setting up their operations in "LOW COST COUNTRIES". This can erode one of the comprtitive advantages of India. Further, at a time when Indians are trying to improve their exports an increasing rupee will take its toll across all the sectors. For all these reasons, I believe that RBI wil believe in stabilizing the Rupee at this level, atleast till the time we have sufficient diversification of trade across European Union and other countries.
2007-07-26 02:09:31 · answer #3 · answered by Mallikarjuna Sastry 3 · 0⤊ 0⤋
would be hovering around 39 precisely.
1] with Iran wanting to get its payments for its oil reserves in non usd .
2] China , silently converting dollar reserves to gold & EUR & british & trying to get out of the pegging agnst dollar.
3] Uncle sams imbalance of trade
2007-07-26 00:25:55 · answer #4 · answered by Bliss 2 · 0⤊ 0⤋
No. If I could predict currency fluctuations I'd be a billionaire. There are far too many variables to accurately predict changes that far in advance.
2007-07-26 00:01:57 · answer #5 · answered by lucy loo 3 · 0⤊ 0⤋
Values change daily.
2007-07-26 00:04:02 · answer #6 · answered by Stand-up philosopher. It's good to be the King 7 · 0⤊ 0⤋
not Rs.100/=
2007-07-26 00:03:11 · answer #7 · answered by sristi 5 · 0⤊ 0⤋