Couple of days back, Tenzin asked me why Indian Rs. is depreciating with respect to US $ and not against the UK Pound that too when US is the center of the crisis. At that time, I tried my best to explain it to him whatever I know know!
Today while browsing, I got this audio link wherein Mr. Ajay Shah(one of my favorite blogger, whose blog I daily track) has given an interview to mint.
In that he has explained beautifully
1. how & why US $ is appreciating with respect to Indian Rs.
2. The role of the RBI in controlling the FOREX RATES.
3. Strengths of US & its economy with respect to Euro Zone, Japan & UK.
4. Implications of Rs. appreciation & depreciation.
5. Relation between Interest rates & their parity(Indian & US), capital flows, risk perception (VIX), global credit condition & Indian economy.
Here is the link for that audio...
http://www.livemint.com/2008/11/26184742/Just-to-Clarify-Episode-3.html
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