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74.23 -Ache Din mitro


AnnaGaru

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Oct 2018 - 74.20

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May 2014 - Rs. 59.00

Aug 2013 - Rs. 67.00

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May 2009 - Rs. 45.00 (after elections)

Mar 2009 - Rs. 51.00

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May 2004 - Rs 45.00

Mar 2004 - Rs. 43.00

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12 hours ago, AnnaGaru said:

mitron,

:drums:

Rupee looks oversold but may hit 100 a dollar level over time: Marc Faber
 

people need to start saving in dollars instead of converting them into rupees . if state and central government continues with their populist schemes rupee will become trash paper. at the end taxpayer suffers in india. 

india tax to gdp ratio is around 20%. as per one paper 8.5% of gdp going to government employees salaries . ie 42% of government income going to employee salaries. in addition to this government have to pay pensions for retired government employees. government needs to pay interest+principle on loans borrowed by previous governments. politicians needs to get commission from development projects  . politicians start projects based on their whims without thinking about viability like bullet train, metro train. politicians don't like cheaper alternatives like suburban rail as they don't look modern and don't get required commission.

unfortunately this is happening in many countries in the world.

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  • 3 weeks later...
  • 2 weeks later...

Mitrom,

Lagta hai Bahul Ache din aane vale hai.....Hold your breath on Rupee...

RBI governor Nov 18th teda cheste damal anochu...also Modi is asking 3.6 lakh crores pumping for election:wall:

already steps modalu pettaru.....Urjit gaadni longadestunaru malli....

https://timesofindia.indiatimes.com/business/india-business/rbi-to-inject-rs-12000-crore-liquidity-on-november-15/articleshow/66610156.cms

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7 minutes ago, Ntrforever said:

Crude oil perigite malli rupee week avutadi. This is happening who ever is the PM. Modi has done nothing to strengthen rupee. 

Disagree. Rupee always remains vulnerable to global issues, but currently we have better macros compared to 2013 to ride out the instability.

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