Dhakshina Moorthy, K.M.: May 2012

Wednesday, May 23, 2012

At 54.86 Rupees for a US Dollar on 18^th May 2012.

At 54.91 Rupees for a US Dollar on 21^st May 2012.

At 55.01 Rupees for a US Dollar on 22^nd May 2012.

At 56.01 Rupees for a US Dollar on 23^rd May 2012.

And a Rs 7.50/- per litre increase in price of petrol from midnight of 23^rd May 2012.

HELP the nation.

It is an opportunity for remitting funds to India. Get more Rupee for less dollar.

Secondly make it your way of showing your patriotism by remitting now.

Dhakshina Moorthy, K.M.

1 USD = INR 53.92

Shame!

RBI is supposed to be intervening in the forex market.

Too little too late.

India is highly dependent on oil imports. It will have cascading effect on the already high inflation even according to the skewed govt figures.

Strengthening of the rupee to INR 35 to a dollar levels will ensure sustained growth for the nation.

Dhakshina Moorthy, K.M.