Friday, June 29, 2007

Rise of Indian Rupee and Fall of US Dollar

Ahhh.... this is the one i am dreaming of for a long time since when i started my carrer a few years ago... i was wondering ( even worrying ) why most of the talented indians are moving to USA for their jobs... then i realized its because of the global exchange rates.... but the recent trend of the US dollar in the gloabl market is showing that we may soon see one more economic revolution ( may be a downfall ) ... infact when i started my carrer i was hit worsly because of the economic slowdon driven by USA globally which made me to wait for almost a year to join in my job... since the company i was supposed to join was in a downfall as most of its US based clients are affected.... then i realized the power of the USA in the global market and was thinking a lot how they were able to reach this position as opposed to Britian who were the global leaders initially....
the below 2 articles explains this topic in more detail....
http://www.rediff.com/money/2007/jun/19rupee.htm
http://www.rediff.com/money/2007/jun/11dollar.htm
but how long this current exchange rate will continue and wether in future it will go down or up is still a billion dollar question.... thought our indian rupee is doing good against the US dollar , we are not doing that good against our competitive developing countries.... our imports / exports and our global business needs to get adjusted to this economic situation quickly to change our countries fortunes.... hope everything goes positively.... :-)

No comments: