Sun, Apr 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Why rupee-dollar levels do not depict the true value of India’s currency

Posted on 30 September 2013

Headlines such as “The rupee has appreciated or depreciated 30 paise against the dollar…” appear on a daily basis. Such reports on currency invariably attribute the reasons for currency movement to a government decision, uncertainty in markets, or perhaps even a controversy.
This piece is about knowing the actual value of the rupee. In India, the de facto way to measure the rupee’s value is to compare it to the US dollar. When was the last time you heard of the rupee being valued against the Japanese Yen, despite the fact that Japan has the 3rd largest economy in the world?……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930