Feb 26, 2008

US Dollar against Indian Rupee

INR has been doing so well for the past one year or so to the extent that $1 USD was equal to Rs.38 INR sometimes. However in the recent days the USD has been doing good against INR and the rupee value as on today is Rs.39.91 against $1 USD which is good for the NRI in the US while it certainly is not good for Indian economy. At times I feel whether to be happier for folks in the US or to feel sad that the inflation is more in India.

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