Will the Indian Rupee get stronger, or will the US Dollar prevail?

 
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4,715 IKU
Posted on May. 11th, 2008

The Indian Rupee will get stronger against the US dollar in the short term. If we manage to balance our budget, the US dollar will have the ability to grow stronger again.

Of course, a strong dollar is not necessarily a good thing. A strong dollar is good if you're planning on vacationing abroad or importing a lot of your consumption materials. However, a weak dollar is much better for the growth of our export firms because US goods become cheaper than foreign goods. The strength of a currency says very little about the strength of the issuing government (thus it shouldn't be a point of national pride), it only tells you how much of that currency is demanded in global markets (in the US's case, it's currency is demanded a lot due to the strength of our government, but that excess demand is not a good thing for our long-term economy).

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1,230 IKU
Posted on May. 7th, 2008

The Indian Rupee will grow stronger; however, the USD will always prevail.

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