Wednesday, October 8, 2008

Exchange Rate

Did any one checkout the rupee exchange rate lately?

It is at 48.. havent seen it this high in the past 7 years. I have a feeling this is not going to last long though...

rbi website

1 comment:

Undi said...

If US dollar is a safe haven to keep/save your money, I do not see a reason why the exchange rate should not be in the vicinity of Rs48.

Added to that the interest rate in India is high compared to that in US.