In see-saw trade, the rupee on Wednesday pared most of its early gains to close down by 24 paise at 55.63 on emergence of dollar buying at the fag-end of trade by importers and banks.
At the interbank foreign exchange market, the domestic unit commenced sharply lower at 55.72 a dollar from Tuesday’s close of 55.39. Soon after it touched an intra-day low of 55.73 as worries over monsoon aggravated.
Later, rupee managed to bounce back to a high of 55.25 on dollar selling by exporters amid a temporary dollar weakness in overseas markets.
However, substantial dollar buying in the last few minutes of trade pulled the rupee down to close at 55.63, a fall of 0.43 per cent.
Keywords: Rupee-dollar trade, Interbank Foreign Exchange
The trouble with India is the number of decision makers involved. Be it private
sector or public enterprise there is an excess of hindering and unproductive layers.
It is unfortunate that India cannot identify a leader and those posing as one ar
lauded as potential have simply terrrifying records. I wonder why elected
politicians celebrate national wastes like blockading proceedings at both houses of
parliament and once out talk to media like they are the most consciencious and
concerned lot.
People know about corruption,nepotism,egoism,groups,cronies and clicks and yet
elect representatives that care more for persoal wealth and family prosperity than
anything else.No government agency has the willingness or concern to probe and
expose politicians that have so many rags to riches stories that is mind boggling.
No agency is serious about getting to the bottom of anything and manage so
deliberately ineffectively that courts simply throw out cases as badly presented,
Satyameva Jayathe.
We should re-think our economical policy.
We are following the economical policy for big business man. We have no more oil or weapon for sailing. But we have more people. So our government should plan for extract the power of people. We have scientists,engineers and medical officers. we re change our view of them and would be use their power to build up new economical power India. We should look China in the case of electronics equipment and look France for defends equipments and look for USA for atom bomb and its sailing with cleverly. We could be look in the spy work from Israel.
It is the only way to raising our rupee value.
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