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Debasish Mukherjee
GITA GOPINATH IS CORRECT IN HER VIEWS ON INDIA'S CURRENCY POSITIO
by Debasish Mukherjee on Oct 18, 2018 08:04 PM

It seems Gita Gopinath has rightly stated that many countries including India's dependance and framing policy of rupee conversion based on the prevailing US Dollar rate is the cause of downfall of rupee. In this respect I want to compliment our present R.B.I.Governor and two Deputy Governors' bold and firm decision of not intervening in the currency trading affairs i.e. rupee's downfall and rightly stated that market factors will determine value of currency i.e.rupee. They meant market factors i.e. Economic situation of India. Though the IMF predicted favourable GDP growth during 2018-19 presumably considering Data based position collected actually India's prevailing retail & wholesale inflation rates are higher than satisfactory which affected purchase power of common man. Again due to Banks restrictions on extending credits to the Agriculture & MSME Segments which two segments are India's major contributors to GDP the country's economic strength is affected. Mr.Bahl & Mr.Swaminathan, Deputy Governors of R.B.I. had given much weight for Long term mobilisation of resources by the business houses and discouraged short term resources i.e.they discouraged issuance of commercial papers like short term instruments for mobilisation of resources by the business houses so that by issuing long term instruments i.e. Shares,Debentures, FDs of long term maturities the business houses can sustain growth and contribute to the country's real GDP growth determining currency valu

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ASA C
Fix the INR with $
by ASA C on Oct 18, 2018 07:21 PM  | Hide replies

As done by many well managed nations, fix INR with $. Implement policies thus export is increased, FDI is increased vertically. Import is minimum.This can only be done by policy changes. Make quality norms for every export item. India will boom like china.Avoid double tax and minimize taxes.

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ASA C
Re: Fix the INR with $
by ASA C on Oct 18, 2018 07:53 PM
Another area is response from Govt in 24 or 48hrs time required. Entire GST processing is not ok and consuming huge processing time which should be simplified and made quick.

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