Indian Rupee Battered Continues
Indian Rupee is getting the battering day by day. Whatever measures the Reserve Bank of India and Indian Government Management
done is like the stones thrown in the sea. Now they're planning to
drain cash from the financial system. For this the auction will be
taking place ie., they will be buying 220 Billion Rupee of cash every
Monday.
They had already increased the short term interest rates. All this done did'nt bring back the Rupee against US$ Dollar. Rupee had fallen more to 61.80 per US$ Dollar. The Finance Minister and the Reserve Bank Governor think that this will bring in Foreign Direct Investment or Foreign Institutional Investors to India. This cash management will bring down the growth rate as well as the confidence in the markets too.
Indian Economy is growing at just 5% per annum in 2013. Reforms only can bring the Indian Economy back to momentum.Smart tricks will not work my dear Finance Minister and Reserve Bank Governor, only hard work pays. To bring the Indian Economy back is to improve our exports. How to improve is to provide sops to traders. Improve our agriculture technically and standard-wise. Help people to create employment by creating small scale industries. Link all the rivers and create low-cost transport system. Improve our infrastructure to enhance the business world-wide. Train our people technically to compete with the western world. India improves by its own system not copy-cat systems from the western economists. India has its own culture and tradition, please our rulers must know that.
They had already increased the short term interest rates. All this done did'nt bring back the Rupee against US$ Dollar. Rupee had fallen more to 61.80 per US$ Dollar. The Finance Minister and the Reserve Bank Governor think that this will bring in Foreign Direct Investment or Foreign Institutional Investors to India. This cash management will bring down the growth rate as well as the confidence in the markets too.
Indian Economy is growing at just 5% per annum in 2013. Reforms only can bring the Indian Economy back to momentum.Smart tricks will not work my dear Finance Minister and Reserve Bank Governor, only hard work pays. To bring the Indian Economy back is to improve our exports. How to improve is to provide sops to traders. Improve our agriculture technically and standard-wise. Help people to create employment by creating small scale industries. Link all the rivers and create low-cost transport system. Improve our infrastructure to enhance the business world-wide. Train our people technically to compete with the western world. India improves by its own system not copy-cat systems from the western economists. India has its own culture and tradition, please our rulers must know that.
