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Indias External Debt solution

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dvrrajakumar

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Why can't politicians think sensibly for the welfare of the common man?
How can 1 US $ become Rs. 59.40 (today) from Rs. 62.35 just in 4 days ? In anticipation of good governance? Had it been Congress it would have become Rs. 66.35 or what? OMG.

I am attaching in excel so that our friends can play around with the data.

Prof.D.V.R.Rajakumar
 

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dvrrajakumar said:
Why can't politicians think sensibly for the welfare of the common man?
How can 1 US $ become Rs. 59.40 (today) from Rs. 62.35 just in 4 days ? In anticipation of good governance? Had it been Congress it would have become Rs. 66.35 or what? OMG.

I am attaching in excel so that our friends can play around with the data.

Prof.D.V.R.Rajakumar
Click to expand...

hello professor,

India's external debt is neither debilitating nor intimidating. It is something that the country can live with. It is just like a middle-class indian household witth an annual income of 20 lakhs living with a milkman's credit. It is just a convenience.

The changes in exchange rate are determined by demand and supply. Beyond a point which indicates the innate strength of the currency any further increase and decrease are determined by market forces which include speculation.
 
dvrrajakumar said:
Why can't politicians think sensibly for the welfare of the common man?
How can 1 US $ become Rs. 59.40 (today) from Rs. 62.35 just in 4 days ? In anticipation of good governance? Had it been Congress it would have become Rs. 66.35 or what? OMG.

I am attaching in excel so that our friends can play around with the data.

Prof.D.V.R.Rajakumar
Click to expand...

hello professor,

India's external debt is neither debilitating nor intimidating considering the size of India's economy. It is something that the country can live with. It is just like a middle-class indian household witth an annual income of 20 lakhs living with a milkman's credit. It is just a convenience.

The changes in exchange rate are determined by demand and supply. Beyond a point which indicates the innate strength of the currency any further increase and decrease are determined by market forces which include speculation.
 
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