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  #1  
Old November 22nd, 2011, 08:48 AM
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Cool 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)



1 USD=52.3205 INR
1 USD = 6.364 Chinese Yuan (CNY)

Just check the Economical difference.
India should think twice before planning anything against China.

Finance
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  #2  
Old November 22nd, 2011, 09:15 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Quote:
Originally Posted by Budmaas View Post


1 USD=52.3205 INR
1 USD = 6.364 Chinese Yuan (CNY)

Just check the Economical difference.
India should think twice before planning anything against China.

Finance
You really think that the rate of exchange is the true indicator of economic/military strength????

1 USD = ~ 77 yen
1 USD = ~ 1200 Korean Won

So does that mean the Japanese and Korean economies are twice and 20 times worse than India respectively
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  #3  
Old November 23rd, 2011, 12:09 AM
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Cool Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Start thinking from first step...... I checked currency first.

Searching for . .. petrol price & cost of lunch or dinner to compare with countries outside china.


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  #4  
Old November 23rd, 2011, 05:36 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

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Originally Posted by smellyfinger View Post
You really think that the rate of exchange is the true indicator of economic/military strength????

1 USD = ~ 77 yen
1 USD = ~ 1200 Korean Won

So does that mean the Japanese and Korean economies are twice and 20 times worse than India respectively
not too long back [about a year and half ago], the rupee was inching close to 35. now its close to 53 (which is coincidentally reverse of 35). so whose economy has gone topsyturvy - usa or india?

these conversion rates are another jhol-jhaal decided by decisions made by decisions makers.

but i do feel that opposition parties should raise a voice against rupee reaching its lowest ever levels. they should demand advance resignation from rahulg in case he becomes PM.
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  #5  
Old November 23rd, 2011, 08:40 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Indian rupee compare to yen in order to compare economies is unfair. 1INR = 100 Paise.
is there any such thing for Japan? in that sense
1USD=5300paise
1USD=77yen.
may not be exact but this definitely shows that Japanese economy is better off than Indian economy.

peace bhau, I am not entirely sure (because I dont know how all of it works) that a devalued rupee is necessarily completely bad. Japanese government recently devalued its currency deliberately. China has always been accused of artificially keeping its currency devalued - both of these are export oriented economies so a devalued currency probably helps them.
At least from software exports perspective, weaker rupee is beneficial. Our (bigger) problem is internal inflation.
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  #6  
Old November 23rd, 2011, 09:10 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

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Originally Posted by kkkk View Post

peace bhau, I am not entirely sure (because I dont know how all of it works) that a devalued rupee is necessarily completely bad. Japanese government recently devalued its currency deliberately. China has always been accused of artificially keeping its currency devalued - both of these are export oriented economies so a devalued currency probably helps them.
At least from software exports perspective, weaker rupee is beneficial. Our (bigger) problem is internal inflation.
devalued currency is good for exports & bad for imports. and vv. thats basic arth-shastra
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  #7  
Old November 24th, 2011, 10:30 PM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

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Originally Posted by PeaceSeeker View Post
devalued currency is good for exports & bad for imports. and vv. thats basic arth-shastra
So, when rupee goes down - Software and other Exports go up. But so do pertol prices. So, the Indian Gov does not interfere much. Till 90s, it was actually keeping the Rupee artificially high to show higher GDP and lower Debt and of course to control petrol prices.
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  #8  
Old November 27th, 2011, 12:00 PM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Uncertainty of the Euro is making the Dollar expensive against all the currencies. There is a rush to buy the dollar. RBI is right in not interfering too much in this matter at present by supporting the rupee, it will only result in depleting it's stock of USD.

But all this may be mercurial, the situation may change dramatically if the situation in Europe improves. There is no sign of it happening at present, with Belgium downgraded and even France receiving a warning of possible downgrade.

The real bad thing is, if rupee continues this trend in December, the FIIs may withdraw heavily from our markets.


PS : Some time ago, a banned member here had predicted about the rupee touching 60 against the dollar.
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Old November 28th, 2011, 09:06 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Quote:
Originally Posted by Budmaas View Post
Start thinking from first step...... I checked currency first.

Searching for . .. petrol price & cost of lunch or dinner to compare with countries outside china.


Petrol prices in India are at premium to discount the subsidy given to diesel, LPG and kerosone. It is not really a free market.
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  #10  
Old November 29th, 2011, 11:43 PM
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Cool Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

China keeps their currency down always but doing all business in US dollar.

USA keeps their dollar fixed.
Some other countries keep their currency rate fixed.

how is this possible....?
Are they not connected with world market & economy......?


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  #11  
Old November 30th, 2011, 10:17 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Quote:
Originally Posted by Budmaas View Post
China keeps their currency down always but doing all business in US dollar.

USA keeps their dollar fixed.
Some other countries keep their currency rate fixed.

how is this possible....?
Are they not connected with world market & economy......?



Actually US does not keep its dollar as fxed. Almost all the other currencies measure themselves against the dollar.

Keeping Currency Rate fixed is done by tate intervention. e.g. South Korea fixes it at 10 Wong to a Japanese Yen. In case the market rate is above, it will buy Foreign currencies ie JPY and if it is below.

China Keeps its currency rate low by buying US Dollars and other currencies. In 80s, Rupee was pegged to a 'Basket of currencies' and exchange was actually higher than the market rates (e.g. 18 INR/USD was the official rate an 30 was the 'Hawala' rate). This was achieved through a large list of controls and the dollar was always scarce.
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  #12  
Old December 3rd, 2011, 12:21 AM
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Cool Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Quote:
Originally Posted by sgars View Post
Actually US does not keep its dollar as fxed. Almost all the other currencies measure themselves against the dollar.

Keeping Currency Rate fixed is done by tate intervention. e.g. South Korea fixes it at 10 Wong to a Japanese Yen. In case the market rate is above, it will buy Foreign currencies ie JPY and if it is below.

China Keeps its currency rate low by buying US Dollars and other currencies. In 80s, Rupee was pegged to a 'Basket of currencies' and exchange was actually higher than the market rates (e.g. 18 INR/USD was the official rate an 30 was the 'Hawala' rate). This was achieved through a large list of controls and the dollar was always scarce.
As per your .. There is no benefit of having the currency down in comparison with dollar.

then why ? Why China & other Asian countries are having the same. AS i know Japan or JPY is not this week ......?
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Old December 4th, 2011, 08:38 AM
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Re: 1USD=52.3205 INR//1USD=6.364 Chinese Yuan(CNY)

Quote:
Originally Posted by Budmaas View Post
As per your .. There is no benefit of having the currency down in comparison with dollar.

then why ? Why China & other Asian countries are having the same. AS i know Japan or JPY is not this week ......?
I have not desribed benefits or pitfalls of anything in my post.

I just answered your question on how Countries fix their currencies. China pegs its RMB against dollar and keeps it low by buying USDs. Korea Pegs itself against Japanese Yen. Not sure whether it buys Yen or sells Yen.
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