Monday, December 12, 2011

Is the current UPA govt's policies weakening Rupee?

Most of the experts in India are blaming the current government and their policies for US $ vs rupee fluctuations.
Currently the dollar equivalent of rupee is 53rs which is an all time low.

Every problem faced by the people today like inflation ,poverty are caused by the rupee weakening.
How many people really knows this? How many have really thought about this?


Today if the transport prices are increased in some place , middle class and upper middle class people will just shout for two days and them like post Mumbai attack they will start doing their work as it is going to affect them only a little.
But the real people who the country does injustice is the poor and BPL people.They are the one who are suffering because of the wrong policies of current government.

Does anyone knows that the inflation and oil price rise are caused mainly by rupee valuation?


Who are the guys who benefit from this? The people who export are the one.
How? yesterday i got 150rs/kg for apple exported to US , today i will get the same dollars but when converted it will give me extra 4 rs /kg which when calculated for tons and tons of export will be huge.
So what is the problem with this?Are you jealous of this people?
No not really.Just think , India is a country which imports more than it exports .
So who are the real losers .I am not supporting any company on this issue who actually import from other countries ,am just speaking about the common people.

Our government is importing barrels and barrels of oil , already they are giving a huge subsidy on it.Now if our rupee weakens then we have to pay them more than they are worth of.

Statistics tells us that we Indians pay 48 times more amount than the oil price in international market.So it will cause a huge pressure on the same govt as they are giving subsidy.
So recently they took a decision like let the oil companies decide the prices :) of course its like loosening the rope tied on your horse , no govt will leave it to the hands of these companies.

So that caused a rise in petrol prices which came down recently after causing huge discrepancies in the life of poor people.

What policy of govt is causing this?
Do you know that our govt is buying dollars and selling rupees?
What can we sell rupee also? ,Is that the question coming to your mind.
This can be done by Forex trading , nothing but trading of currencies .,Exchanging currencies will also cause fluctuations in currencies.When a demand increase for a currency its value will go up and vice verse.
More and More our govt sells rupee in exchange for dollars for increasing our reserve the more and more people have to pay for it.

These are just common man's anger.Its not against any party or any politician.

please comment if you find its worth commenting!!!

3 comments:

  1. vote for modi!!!

    ReplyDelete
  2. RBI has taken a very good step in stopping the decrease in value of our currency..

    ReplyDelete
  3. Fan of Anna (Mother land ,India)December 26, 2011 at 3:57 AM

    We need a revolution in India !! Support Hazare

    ReplyDelete

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