Posted on: 15-08-12 13:47:30
Quote:
Originally posted by ramar2005
On the final day of Baba Ramdev protest , we had BJP and other regional parties like JDU, SP, BSP and TDP showing solidarity to his cause and pledging support against black money. But strangely, Sonia Gandhi rushed towards Assam to tour the affected areas. May be she was promising voter id cards and ration cards to whomever who did not have them and forming her own alliance.
If Baba Ramdev/ Anna party wins and they bring back black money then our Canadian dollar will justify the following equation
1 CAD dollar = 1 Indian paisa
Looks like time to take some risk by investing in Indian rupees.
Keep dreaming web2000. There are too many 'ifs' here.
Black money Issue is ongoing from years now and in process black may have turned white by now !!!
Quote:
Originally posted by ashedfc
Quote:
Originally posted by web2000
1 CAD dollar = 1 Indian paisa
Looks like time to take some risk by investing in Indian rupees.
That might be a bit of overstatement, but Yes, now the pendulum is gradually getting ready to swing in Indian Rupees favor..
Every one has written off India's growth story because India refused to allow FDI in retail, & the GAAR tax proposal, hence FDI hot money flew off bringing a sudden fall in Rupees.
Now that US fiscal cliff is more visible, & institutional investors/pension funds are realizing that the so called safe heaven (US treasuries) is in fact not so safe anymore. The capital which flew off India will come back driving Rupees stronger.. & at the same time India's domestic driven economy has enough resilience to surprise on the positive GDP growth..
Time to load up on Rupees in this opportunity... (but with caution, http://profit.ndtv.com/News/Article/five-reasons-why-indian-rupee-would-continue-to-fall-309318 )
First this guy recommended investing in gold and later gold tumbled down. Later, he recommended loading on Indian Rupees and now Indian Rupees are touching its all-time lows despite ‘Achhe Din’.
There is something wrong.
http://timesofindia.indiatimes.com/business/india-business/Rupee-plunges-to-64-level-against-dollar/articleshow/47444559.cms
-----------------------------------------------------------------
A Delhite in Toronto
