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Rupee value falls.

 
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http://economictimes.indiatimes.com/articleshow/2264487.cms


Not sure, what the trend will be but the time seems to be a volatile
2 weeks back ,dollar value was decreasing now the rupee value falls

I think no company should make decisions like working Saturdays etc because the times dont seem to be stable

Your thoughts please

Rgds,
Ketan
[ August 08, 2007: Message edited by: Ketan Joshi ]
 
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Correct.Its difficult to predict long term future.Currency value depends on lot of factors such as oil,export,unemployment,agriculture etc.Making Saturday working I believe no company has taken the decision.The typical "wait and see" approach makes sense.
 
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Over the long term , ruppee will definitely strenghthen/appreciate w.r.t the dollar . I wouldn't be surprised if ruppee reaches 30 against the dollar over the next 2 years.
 
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