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Topic : The Dollar in Forex Trading
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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:  6454 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??

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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
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

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

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 other words its hard for dollar to get back its position in the coming days

By INDRANEEL KRIPABINDU SEN GUPTA, Global Macro Economic Researcher & Global Business Strategist,  | 10 16 2009 04:53:37 +0000

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
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
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