Posted by: shriprakash December 15, 2011
1 USD= NRs. 85.51, Headed to Rs. 90 !
Login in to Rate this Post:     0       ?        
Mr Bittertruth,
first of all I am a trader. I trade currency, gold, stocks, Etfs and options.  I spend more than 10 hours doing this and for over 5 years.Now, you go back and see where the chart of euro. italian 10 years is trading all time high close to 7% while our 10year is trading below 2%. spanish bond is jumping high, last week germen couldn't sell thier issued bond in the history. S&P and Fitch are reviewing all the europian credits and they might lower pretty soon. Major european banks credits are already lowered to nagetive.  I don't know when did they rescue dollar I know we raised our debt celling 2 months ago. dude simple answer is when dollar goes up all the commodities fall down. lees dollar will be used to import goods. if you are importing cotton from india and used to cost $100 (4600 Rupee) now it will only cost $85 dollar. so you tell me is this inflation????

Last edited: 15-Dec-11 09:58 PM
Read Full Discussion Thread for this article