Build your professional network on facebook via our app Go to app
 
<< Prev  14 of 14 in Topic 
Topic : The Dollar in Forex Trading
  Rate : 
Posted in Community :

Trading in Forex

 
Created by : Ganesan S, Client Servicing/Key Account Manager, Citibank  | 10 20 2008 13:28:10 +0000
Industry : BankingFunctional Area : India(Markets)
Activity:  5469 views;  last activity : 07 06 2010 20:18:09 +0000

Here I mean the difference between the rupee and dollar increases.

What will be the effect of Weakening Indian rupee??

 
Share
 
 
  Rate : 
 
 
Good Vs Bad
1
 
 
 
 
6
1
5
Support   Support
 
Top Argument
3
0

Rupee weakening to a certain extent, i.e. to encourage exporters is good for the country. It will also benefit IT firms and tourism industry to a great extent. But the way rupee is depreciating at present , i,e at Rs.50 per dollar is harmful for the economy. Our imports including oil  are more than our exports. The import bill will be higher and will affect the bottom line of many companies. Further a weak currency will reflect poorly on the counrty in International markets. A weak rupee will discourage foreign investors also as the amount of dollars they would get at the time of repartiation will be lesser than what they have invested. Foreign travel for Indian residents will also be a costly affair now. In my opinion Rs.43 per dollar will be ideal level both for importers and exporters. RBI should take appropriate measures to bring the dollar to Rs.43.


By veguru vijayakumar babu, Head/VP/GM-Finance/Audit, Sujana Group Of Companies  10 25 2008 08:43:39 +0000
0
0
Dollar rising against will benefit the hotel industry mostly the luxury hotel segment as most of the revenue are in foreign currencies.Thus any depreciation of the rupee goes directly to the bottom line, as none of the costs are directly linked to the exchange rate.
By Mohit Sethi, Account Manager, ABN Amro  | 10 20 2008 13:47:21 +0000
0
0

The value of Dollar is falling against Rupee now a days. The strength of Rupee, Euro, Yen etc are increasing. The supremacy of Dollar is going to end very soon...


By Rakesh Chakraborty, Sr. Associate, ING  | 10 16 2009 06:06:09 +0000
1
0

yes the supremacy is gone.china and other countries currency have replaced dollar.In my blog the article on why  i am falling -dollar i have depicted the true picture of dollar fall and how long it will continue.in other words its hard for dollar to get back its position in the coming dayshttp://anlyst.blogspot.com/2009/10/why-i-am-falling-dollar.html


By INDRANEEL KRIPABINDU SEN GUPTA, Global Macro Economic Researcher & Global Business Strategist, ianalysis.blogspot.com  | 10 16 2009 04:53:37 +0000
1
0

I feel that the depreciation of rupee will have an impact on oil imports ,as oil firms are already facing deficits now they have to buy dollars at much higher and expensive rate. This in turn is likely to negatively impact to the already widening trade deficit

 

 


By Suhas Deshmukh, Client Servicing/Key Account Manager, ICICI Bank  | 10 20 2008 14:02:19 +0000
1
0
Weakening rupee is likely to fuel inflation further, which is hovering over 12 per cent at present. The huge demand for dollar and mismatch in supply have led to the continuous pressure on rupee, and also due to the crisis the foreign inflow has slow down. The depreciation could be a cause of concern for the inflation levels in the country.
By Ganesan S, Client Servicing/Key Account Manager, Citibank  | 10 20 2008 13:30:11 +0000
Leading Recruitment Firm.
Head – Talent Acquisition
Student Counselor
Viewers also viewed
The Reserve Bank of India has one thing which is bugging them these days is the Fake notes which...
 
79 referals 8 votes, 11796 views
In India, when congress declared that a new state Telangana will be created from AP. Everyone in...
 
344 referals 18 arguments, 12196 views
Does india need the production and assembly line of imported Automotive brands laid in india...
 
165 referals 5 arguments, 1169 views
more...  
 
More From Author
Yes bankers were rude but now the scenario is changing...with many private banks which are out there are giving good customer feedback and are taking care of customers in a really good way....and this has rubbed of to the PSU banks as well and now...
How do financial institution make decision on who to layoff ? People who have just started the working are the first to layoff or the seniors ? What do they look at ?? Is it performance ?  
Consider you are going out with your family or friends and planning to shop for tv,mobile, refrigerator, ps3, mobile or any other commodity or services . Then how would you like to pay for it ?? Cash or credit card ? and Why? Well my intension of...
more...