why INR is becoming weak against USD
This query is : Resolved
CA E.A.Ravikumar
(Querist)
24 October 2008
what is the reason that rupee is becoming weak against USD,particularly, given the present situation of the economy in US.
S.Srinivasaraghavan
(Expert)
24 October 2008
It is because of the large scale pulling out of investments by FIIs. Unfortunately, the global currency continues to be dollar despite US economy set backs.
CA Bosu babu
(Expert)
24 October 2008
Short selling of shares by the FIIs in the spot as wel as future markets since effect of Inflation through out the world. especially in America....
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