"Frederick Noronha (FN)" <[EMAIL PROTECTED]> said There is a case to be made out that, going by purchasing power parity, the rupee is grossly undervalued (not overvalued) as against currencies like the dollar, yen, euro.
Take a dollar in the US, see what you can buy with it... then take fifty rupees in India, and go to the market for a reality check. ==========
Very true. As soon as the rupee starts to increase in value as it is currently doing, the better it will be for the average Goan. I know the economic argument that it makes Indian exports more expensive, etc. Goans living overseas who take their pleasure in Goa by visiting every few years will be crying in their cheap Kingfisher beer (or very cheap feni) about how few rupees they received at the currency exchange counter.
But as Greespan said regarding the continuing fall of the greenback . . . . "You cannot build a strong economy on a weak currency"
The stronger the rupee, the better!
And, Oh! Yes!
VIVA GOA!!!
Tim de Mello [EMAIL PROTECTED] Goa, INDIA
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