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The falling dollar etc.

Posted by abyjain on October 15, 2007

Originally uploaded by abyjain

The falling dollar seems to be doing a lot of good to a number of people. The most obvious are the students or tourists from India who have incomes in Rupees and need to spend in Dollars. Of course, the effect is more because of the falling dollar than the rising rupee. It is mighty interesting and convoluted the way the currency changes impact everything and it all keeps going round and round. From incoming Foreign investment to the competitiveness of Exports (Imports) and on to the long term impacts on all our living standards, these are definitely interesting times.

Some interesting articles on the fall of the dollar and the Chinese connection as well as some impact on India can be found on these links below…

From Oct 2007:
http://www.npr.org/templates/story/story.php?storyId=4186041

From Aug 2003:
http://www.globalpolicy.org/socecon/crisis/2003/07gpfdollar.htm

From Jan 2007:
http://news.bbc.co.uk/1/hi/business/6195198.stm

From Oct 2007:
http://seattlepi.nwsource.com/business/334575_dollaroutsource08.html

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