RESPONSE: As your Honourable Finance Minister has pointed out - India is
not the only Emerging Market suffering this...and I thought you were well
read :-((
If it gets to USD 80 Rupees - every NRI and his brother and mother will be
back to India to rule over the locals - you included! I have never
Gabe, recollecting your response on the subject, let me ask you: Is it the
right time to applaud your Kangress?
As of today and at 7.27 pm, 1 US dollar is traded at 66.13409 rupees.
For your information, Economic Forum of India is of the opinion that if
India Government does not act fast, it is
USD 65.84 and STG 102.27. The Brazilians recently lined up USD 60 billion
to defend their Currency.
--
DEV BOREM KORUM
Gabe Menezes.