Wednesday, December 14, 2011

Depreciation of Indian Rupee against US$




I was watching TV and a UPA person was blaming global scenario for steep fall in Rupee value against US$ and was saying govt is doing great job in limiting its fall.

In India it is common to think that public is fool and what ever these politicians blabber on TV will be treated as gospel truth.

Any one can go to online currency rate websites to find truth.
Historical Rates from oanda.com
USD / INR 16.81
USD / PKR(Pakistan Rupee) 2.79 %
USD / EUR 3.61 %
USD / LKR ( Srilankan Rupee) 2.18 %
USD / CNY (Chinese Yuan) -4.83 %
clearly shows Indian rupee is only currency that was screwed thanks to policy and bad governance by present govt lead by Economic Prime Minister Dr.Manmohan Singh
Rupee Depreciation by 16.8% in last 1 year while Chinese Yuan has appreciated.

2 comments:

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