When will the Rupee Rise again?

#1
Please help

currently Indian rupee is about 50 rupee against 1 American Dollar

When will Indian Rupee rise to around 20 or 30 or 10 rupee against 1 American Dollar?
 

ash.paul

Active Member
#3
Ok Guys I am not a long term investor prefer trading short term. But if any one is interested in a long term investment then plz read all those predications derived mathematically by a well known company called GOLDMANSACHS. Jim O' Neill was the founder of the word BRIC (Brazil, Russia, India, China). According to him and great economists like Marc Faber(founder of Gloom, doom and boom) India really really needs a great leader who can think globally becoz India has got that immense potential to cope with 6% GDP for the next 30 years but for India to catch up with China then it has to grow 10-12% GDP each year for the next 5 years.
China will lead the world in next 25 years followed by India in next 30 years taking over U.S. Acoording to them the next decade is very important for the world as we will see many many changes and the mainly global inflight of money in BRIC nations and thereafter it will slow but maintaining its pace. We are looking at India's infrastructural area which is lagging behind many developed nations big time.

Coming back to curriences it is very hard to predict Currency correctly but Goldman Sachs predicts INR to strengthen 300% in next 30 years.

Watch it read it and then do ur due diligence before making your investment.

http://www2.goldmansachs.com/ideas/brics/index.html
http://www2.goldmansachs.com/ideas/brics/book/99-dreaming.pdf
 
M

Madhur84

Guest
#4
Rupee up as local shares rise on Asian cues

The rupee climbed on Thursday as higher shares raised hopes for foreign portfolio inflows, but concerns that poor rains could slow economic growth further curbed a sharper rise.

Currency news india
 
#5
why do u need this man ? we ll loose money if it comes to $ comes to 45.......We like to see $ at 52 & then 58...............Then the correction
 

rajeshn2007

Well-Known Member
#7
Rupee is showing strength and it might head towards 40 and equity outflows have begun which might trigger rupee strength.
 

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