The Rupee Dollar Exchange Rate
September 25, 2011 5 Comments
This is a very brief post.I read this article yesterday in the Mumbai Mirror http://www.mumbaimirror.com/index.aspxpage=article§id=44&contentid=2011092420110924085554.I thought it worthwhile to make a note of the Rupee -Dollar exchange rates at different times.
Historically the lowest point reached by the rupee was 49 in May 2002.
It did cross 50 very briefly late in 2008 due to the panic caused by the global financial crisis. Otherwise in the past twenty years we have been used to having the rupee exchange rate between 35 and 45. In fact it hovered around 45 for a very long time.
We did suffer two embarrassing sudden currency devaulations. The first was in 1966 (when rupee went from 5 to 7.5) and in 1991-92 (when rupee went from 15 to 32).
This is the free e-book advertised in ‘The End of America’. Despite the negative reports I decided to look for a copy and read it just to see for myself if it was really as bad as it was portrayed.
Marc Faber, the author of The Gloom, Boom & Doom report, spoke recently to Bloomberg UTV on the Indian equities and the global headwinds. Here are the key pointers from the interview:
I saw so much of venom spewed on the net about this video that I just had to see it for myself and judge.Personally I feel its pretty good.It does urge the watcher to subscribe to a paid newsletter but I don’t think that detracts from the quality of the work.I personally learnt a couple of new things such as the conditions in Yugoslavia when it disintegrated and the devaluation of the Pound in the 70s.The video just gives one man’s view of how the economic situation of the world will pan out.I see no reason to get so worked up against the man.Personally I think his scenario has a fair chance of coming true.His video is really a lot better content wise than a lot of other stuff on the net.Do watch the video ,I promise its not such a waste of time. 
Here’s what wikipedia says about Porter Stansberry:
wealthymatters 