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They have a 800 billion $ trade deficit a year.How long will other countries like China,Japan and India have faith in greenbucks and keep there reserves in us dollars.Incase they decide to shift to other curencies like euro or a mixed bag of currency what effect could it have on the US economy.I feel India should not keep all its reserve in greenbucks
Free Member, Joined :10/01/2002
No of Topics Posted : 1
Reply/Comments : 13
Old saying donot put all your eggs in one basket.India should keep its reserves in a few differnt currencies and then keep changing its policy on it as the need of the hour
Free Member, Joined :11/15/2001
No of Topics Posted : 1
Reply/Comments : 8
I think the RBI should stop buying any more dollars. It should also sell the massive holding of dollars it possesses. Trend shows that the rupee would appreciate. By making imports cheaper it would encourage people to import more into the country. The Finance Minister should reject all proposals to increase the government's borrowing from the RBI. He should cut custom duties on imports and hope that as a result imports will increase, pulling down the level of reserves. Faster growth of the Indian economy will mean higher imports and using foreign exchange for the things people wish to use them for.
Money Management Consultants Ltd
New Delhi, India
Free Member, Joined :05/11/2007
No of Topics Posted : 113
Reply/Comments : 14
The day japan or China decide to switch to another currecncy the dollar will really fall.Japan or China also will loose if they decide to sell dollars and switch so they in a catch 20 situation do we need to also get into it?
NEW DELHI MAIL ORDER SERVICES LTD.
New Delhi, India
Free Member, Joined :02/19/2002
No of Topics Posted : 1
Reply/Comments : 7
In case US economy goes down you think Indian economy will not be effected?we will also be hit badly.
we should support the greenbucks and help them get out of this ,they have always fought back and won,have faith in them
HANSMEK INTERNATIONAL TRADING CO. LLC.
Dubai, United Arab Emirates
Free Member, Joined :06/10/2005
No of Topics Posted : 1
Reply/Comments : 6
Are u trying to say when you owe the bank 1 crore you are in troble if you cannot pay back and if you owe the bank 1000 crores the bank is in trouble if you cannot payback?So the bank should always support you even if they know you will default one day if you donot change yourself.
Free Member, Joined :10/01/2002
No of Topics Posted : 1
Reply/Comments : 13
China refuses to let the market decide the value of its currency and is artificially controlled.US will have to react to it one day,before all this happens India should get out of the greenbucks
FRAME 2 FAME PRODUCTIONS
New Delhi, India
Free Member, Joined :07/28/2006
No of Topics Posted : 2
Reply/Comments : 9
Senators in the US have already started making noises and want a bill passed to penalise countries like China who not leting market forces decide value of there currency
Free Member, Joined :09/28/2002
No of Topics Posted : 0
Reply/Comments : 3
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