Thursday 15 May 2014

A Comment on RBI maintaining/ controlling Rupee value

My Comment on an article "RBI may buy more Dollars to prevent major rise of Rupee" published in the Economic Times Dated 15/05/2014 at 1:10 pm.


"Good work being done by RBI to maintain rupee value. 

But is it the fair value of Rupee to be at 60 for Dollar? 

If inflation and circumstances pushed down Rupee, the same reasons should affect value of Dollar also. Two decades ago it was 50-52 per Dollar and the same ratio should be maintained now also as per my opinion."

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