But can anyone explain why Rupee is being depreciating now? Something I dont understand.
The US economy is in shambles. Once revered Financial Behemoths of WALL STREET are collapsing like never b4. Neither the World War, nor the previous Economic Crisis or Depression shook them. Now when among the top 5 institutes, 3 have already gone into bankruptcy, the 2 will follow soon.
Even the Dollar was depreciating some months back, and when its turned really ugly in the US, all of a sudden their currency is appreciating, whats the reason? I dont get it when one's economy itself is heart buurned, how is the currency appreciating, if they r strong enough then why did it slide badly couple of months back, when the crisis was not as pertinent..