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Rupee hits 5-month high on inflows
in Current Affairs & Latest News
The Indian rupee climbed to a 5-month high on Wednesday boosted by rising dollar inflows into equities, and traders said it could further appreciate if the euro extended gains.

Data from the market regulator showed foreign funds bought $2.5 billion of shares since the start of March, after being net sellers in January and February.

At 11:30am (0600 GMT), the partially convertible rupee was at 44.2500/2525 per dollar, after touching 44.23, its strongest since November 5. It had closed at 44.42/43 on Tuesday.
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    rupee- dollar ratio has been volatile for along time and it still remains the same.
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    If Dollars goes down and Rs goes up agains dollars then it good for adsense earner because they will get converted money in Rs.

    Santosh Kumar Singh


    http://experienceofknowledge.blogspot.com/

     

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    If Dollars goes down and Rs goes up agains dollars then it good for adsense earner because they will get converted money in Rs.


    the same applies to all the non resident indians.they all convert dollars to rupees.....
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    Yes right but not good for them who are expencing in dollars instead of Rupees...

    Santosh Kumar Singh


    http://experienceofknowledge.blogspot.com/

     

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    My father is living abroad,and he gets his income in dollars,for them its good. But for India not at all.

    Want to make each day Accountable

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    My father is living abroad,and he gets his income in dollars,for them its good. But for India not at all.
    correct ronark...we indians should always think of developing the economy of our country.so ruppe value must go high....
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    This is good news. Lets hope that it continues. Hike in valuation of Indian money is necessary.
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    This is good news. Lets hope that it continues. Hike in valuation of Indian money is necessary.


    not necessary now...such a hike now will only destabilize our economy...
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    The RBI has to take necessary action to maintain the rupees value. what we can do
    http://moneyrumors.blogspot.com
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    The RBI has to take necessary action to maintain the rupees value. what we can do


    Rupee continues to depreciate more.... today, it reached 50.8
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