Posted by: chaurey September 8, 2011
1 AUD= Rs. 78.5, 1 USD= Rs. 73
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US dollar ghatera US lai ramrai ho..at least for exporting goods and job creation in the manufacturing industries in US. that trade deficit is way too big with imports exceeding exports. I wish chinese yuan would inflate it's value. Chinese govt is holding the currency at deflated value keeping their currency low for exports and maintaining lower prices for their low grade goods. once they are unable to keep their currency value at a rock bottom value we shall see who will buy their cheap low quality goods for a higher marked prices. adios walmart!
Last edited: 08-Sep-11 09:34 AM
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