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Government appoints Sachin Tendulkar as Petroleum Minister to ensure Petrol Prices slow down as they approach 100 !!!


velu

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It is sad seeing India getting battered due to the double whammy of dollar's rise and crude oil's rise. In the past 6 years alone, the rupee has gone from 50+ to 70+ a dollar. It seems like the economy is always under a threat from the dollar - like in a movie scene where a basti resting in peace only until the goonda appears on the scene to plunder and rob them. We badly need breakthrough in electric vehicle technology to stop the suffering caused by oil imports. And the ladies need to stop their gold obsession too. Gold is another very damaging import.

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9 minutes ago, nevada said:

In the past 6 years alone, the rupee has gone from 50+ to 70+ a dollar.

 

rupee depreciation is misleading to many..

we have inflation hovering between 5 to 6% in the past few years and US inflation rates were 1 to 3% ( quite high for a developed economy )..

 

so naturally rupee value will go down by 3 to 4% if we dont consider other aspects ..

 

 

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