DOLLAR V/S RUPEE

Image

 

RUPEE IS DEVALUING.IT HAS REACHED A MINIMUM LEVEL OF Rs68 PER $.EXPERTS PREDICTED RUPEE TO REACH 70 PER$ AT THE END OF YEAR.BUT THIS LEVEL MAY BE REACHED WITHIN FEW DAYS.IN 1979,THE EXCHANGE RATE WAS JUST RS 4 PER DOLLAR,AND WE CAN SEE WHERE WE HAVE REACHED NOW.THE NEED FOR EXCHANGE OF RUPEE FOR A DOLLAR ARISES WHEN INDIA NEEDS TO BUY PETROLEUM.THIS IS BECAUSE AMERICAS SIGNED A TREATY WITH PETROLEUM PRODUCING COUNTRIES TO SELL PETROLEUM IN DOLLARS ONLY.NOW INDIA IS BOUND TO EXCHANGE CURRENCY WITH DOLLARS.THIS SITUATION HAS TURNED THE DEVELOPING COUNTRIES RECOLONISED IN AN UNESCAPABLE WAY.BUT THE SITUATION CAN BE TURNED AROUND,YES BY THE COMMON MAN (DON’T UNDERESTIMATE THE POWER OF A COMMON MAN).THE SIMPLE WAY IS TO DECREASE OUR CONSUMPTION OF FOREIGN-ORIGIN COMPANIES.A COLD DRINK WHICH WE BUY FOR Rs 10 IS MADE IN JUST 65-70 PAISA,AND THE REST GOES AS PROFIT AND DECREASES THE FOREIGN EXCHANGE.THE SIMPLE WAY IS TO USE INDIAN-ORIGIN PRODUCTS UNTIL RUPEE REACHES A SUSTAINABLE LEVEL.SAVE RUPEE, SAVE INDIA.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s