Good Show!! Good Show!!
Read this.
******
Stronger Re has an upside
India Inc would have gained Rs 7,813 cr if the currency had appreciated at the start of last fiscal
PRADIP KUMAR DEY in Financial Express.
Posted online: Tuesday, April 10, 2007 at 0015 hours IST
*******
.... and now.
The rupee had yesterday ended at 42.92.
People have started realising only now that for the Indian conditions the nation stands to gain on the appreciation of the rupee. We should the appreciation in terms of the situation in India and not merely reproduce what world bank recommends or some economist some where studied some banana republic and comes to the conclusion that the depreciating currency would help. India is a land of intellectuals and independent thinkers. It is just that the decision makers in power should apply their mind and not merely drum beat what some body in the US says about our economy. It is our economy not theirs.
You may call it luck, fate, destiny or act of nature., it does not matter. The Indian Rupee is gaining strength, breaking long term price barriers. It looks like the elephant is on the roll. There is no stopping now. Good Show!!
Dhakshina Moorthy, K.M.
Read this.
******
Stronger Re has an upside
India Inc would have gained Rs 7,813 cr if the currency had appreciated at the start of last fiscal
PRADIP KUMAR DEY in Financial Express.
Posted online: Tuesday, April 10, 2007 at 0015 hours IST
*******
.... and now.
The rupee had yesterday ended at 42.92.
People have started realising only now that for the Indian conditions the nation stands to gain on the appreciation of the rupee. We should the appreciation in terms of the situation in India and not merely reproduce what world bank recommends or some economist some where studied some banana republic and comes to the conclusion that the depreciating currency would help. India is a land of intellectuals and independent thinkers. It is just that the decision makers in power should apply their mind and not merely drum beat what some body in the US says about our economy. It is our economy not theirs.
You may call it luck, fate, destiny or act of nature., it does not matter. The Indian Rupee is gaining strength, breaking long term price barriers. It looks like the elephant is on the roll. There is no stopping now. Good Show!!
Dhakshina Moorthy, K.M.
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