US Dollar dip

[The Outsider]

Re: US Dollar dip :lmao: :lmao: :lmao: @ Dhondy

[DesiChap]

Re: US Dollar dip

Certainly makes a change from my career. Bribed the Fukcin' agriculture minister to get into medical college. For postgrad, had to sleep with the dean's cockeyed, lame daughter (it turned out that she had a small pennis and a not inconsiderable moustache herself, in the glorious tradition of females of that region). Saala, phir hung in the luggage container of the plane to come abroad. Yahan, learnt forgery from a guruji from Bihar, and concoted a few certficates, and here I am. :mad:

Now you do not have to remind me to not see you as my doctor :flux:

[Holysmoke]

Re: US Dollar dip

Certainly makes a change from my career. Bribed the Fukcin' agriculture minister to get into medical college. For postgrad, had to sleep with the dean's cockeyed, lame daughter (it turned out that she had a small pennis and a not inconsiderable moustache herself, in the glorious tradition of females of that region). Saala, phir hung in the luggage container of the plane to come abroad. Yahan, learnt forgery from a guruji from Bihar, and concoted a few certficates, and here I am. :mad:

:lmao: :lmao: :lmao:

[THX_1138]

Re: US Dollar dip

Holysmoke, i did a Bachelors in an Indian school (not IIT, but a pretty decent one) and I did a Masters here. I have seen many students who have done their B.S here & come to Masters. The quality of education & overall program in the US Bachelors program may be good but the students who come out of Indian schools are much more competitive. I did not find any of my peers who entered their Masters program with a Bachelors degree from an US school, any more extraordinary than the ones from Indian schools. If anything, i found the reality to be opposite. In short, if you are a good student, whose goal is to get a job & settle down in the US, the path that involves the least investment, is a Bachelors in India & grad program in the US. There is simply no difference in the overall quality of the student regardless of where he did his Bachelors. With booming salaries for IIM grads, even money spent on MBA studies here has become questionable. Simply put, US schools no longer have the "charm factor" they once used to.

i must take issue with that. i did my bachelors here and in my masters' program we have graduates from St. Stephens and SRCC (the economics and mathematics department), and i dont rate myself less than any of them. Moreover, in my last year of undergraduate (i have two, one in ee and one in math), a number of my classmates in the state space control and signal systems courses were iit and REC (Karnataka) graduates and i always felt that they were not any particularly better than my other classmates. p.s. an undergraduate here is much more vigorous. its easier to get an admission but its not easy to sustain the momentum needed to graduate, and especially if you are going the entire journey alone, i.e. not ripping off assignments and laboratories from classmates. it is a myth that indian undergraduate education is better. it is not, its simply a matter of numbers. in india, iit students are selected form 3 million applicants and of which the best 3000 are selected. do your math, if you start with the creame of the crop, the end result will obviously be better. an average comparison will reveal that an indian undergraduate education is grotesquely lacking.

[THX_1138]

Re: US Dollar dip Returning to the Topic at hand, while we all revel in the growing clout of the Rupee, why are we not taking issue with the loss in business due to the rise in production and business costs of outsources! There is something called the Dutch Effect in economics which states that countries with a lot of natural resources often do not have any significant manufacturing facilities. Look at all the oil rich nations. This happens because of the strong exchange rate which is the result of the export-import imbalance. Keynesian economics says that for sustain growth, a country must design policy in such a manner that the import-export difference is always in deficit. A manageable deficit as that prevents the local currency from gaining too much value with the other ambient currencies. Add to this, a country must never attempt to increase its surplus at the expense of growth. We are sitting pretty on a 100 billion plus surplus and this when we need three times as much for infrastructure upgrade! We sit here immune in some part to the rising inflation and smile at the decline of the exchange rate but spare a thought for the future. If the exchange rate gets any better in favor of the rupee, indian commodities will lose their competitive edge in the global market.

[Guest dada_rocks]

Re: US Dollar dip

it is a myth that indian undergraduate education is better. it is not, its simply a matter of numbers. in india, iit students are selected form 3 million applicants and of which the best 3000 are selected. do your math, if you start with the creame of the crop, the end result will obviously be better. an average comparison will reveal that an indian undergraduate education is grotesquely lacking.

You have a point here but no offence whoever does under-grad studies in india are much more sound theoretically than their american counterpart on average. The kind of question I used to get asked while teaching a course belongs in eleventh stadard eng preperation course back home.

[Holysmoke]

Re: US Dollar dip

it is a myth that indian undergraduate education is better. it is not' date=' its simply a matter of numbers. in india, iit students are selected form 3 million applicants and of which the best 3000 are selected. do your math, if you start with the creame of the crop, the end result will obviously be better. an average comparison will reveal that an indian undergraduate education is grotesquely lacking.[/quote'] You have a point here but no offence whoever does under-grad studies in india are much more sound theoretically than their american counterpart on average. The kind of question I used to get asked while teaching a course belongs in eleventh stadard eng preperation course back home.

Not really. As i see it, India is better for schooling uptil the 12th grade. After that, US universities are better than their Indian counterparts

[THX_1138]

Re: US Dollar dip

it is a myth that indian undergraduate education is better. it is not' date=' its simply a matter of numbers. in india, iit students are selected form 3 million applicants and of which the best 3000 are selected. do your math, if you start with the creame of the crop, the end result will obviously be better. an average comparison will reveal that an indian undergraduate education is grotesquely lacking.[/quote'] You have a point here but no offence whoever does under-grad studies in india are much more sound theoretically than their american counterpart on average. The kind of question I used to get asked while teaching a course belongs in eleventh stadard eng preperation course back home.

Not really. As i see it, India is better for schooling uptil the 12th grade. After that, US universities are better than their Indian counterparts

very true. and while i dont know of dada rock's personal experience, i am a teaching assistant here and i ahve tutored classes from calculus one (i.e. basic 12th grade calculus with the extensive proofs) to third year partial differential equations (fourier's solution to the heat transfer equation), there are a number of students in both classes with diverse high school backgrounds, and the most extraordinary students are not always indian, but a small cohort of indian and other american students. moreover, in all my advance courses in mathematics and economics, none of the indian students (almost all of who are from st. stephens since my university has a unique program under which students from st. stephens are automatically offered admission if they graduate with a high GPA or CGPA as they call it), seem to possess any distinct edge over students educated here. infact a classic example of this was in fall 2006 in my econometrics 1 courses, during the first few lectures, there was significant confusion amongst the st. stephen lads on the difference between "mutually exclusive events" and "statistically independent events". while this might have been a unique incident and admittingly hardly indication of the overall quality of education imparted at st. stephens, i do feel that some myths that reside behind the protection of sheer numbers ought to be dead and buried. lets be honest, higher education in india is in shambles. we have colleges where assignments are often trivialized, academic dishonesty prevalent and above all, qualified teachers are horrifyingly rare! none of my courses during the undergraduate years was taught by anyone with anything less than a fracking PhD. which i know is true only at a select few institutions in india. add to that the lack of proper facilities. how many electrical engineers or rather electronics engineers from india have access to an electron microscope, advance software like Silvaco (used in lithography), and microcontrollers (one each for every student) just to name a few? dont ever get me started on our pharmacy department! we need some serious capital and above all we need to stimulate graduate education in india. look at china, they are rewarding more than a thousand PhDs each year, well more than the number awarded in india. and its these PhD students with their advance research that fuels new industry. remember, silicon engineering all arose from constant, cutting edge research.

[Rajiv]

WTF is happening I am not exchanging a good chunk of US $$ for atleast 2 years now It's going down and down 1 US $ = $1.10 CAD ( Hardly any difference there now) 1 US $ = 40.55 Rupees Almight US Dollar vat laga giya Any hope for improvement?

Thread is from 8th May Todays rate 1.00 USD = 1.01325 CA

[Guest dada_rocks]

I don't know anyone who funded his own study in USA all my classmates who took it had scholarship to support.. yes they pay well enough in engg higher education so that u can not only survive but be left with some cash to boot at the end of the month..

[DesiChap]

I US $ = 39.825 Indian rupee Expect this top go to about 35 !

[Lurker]

In a way I am happy to see the dollar value go down. Serves them right I say. Hopefully this would be an education for a lot of reasons: 1) Indian companies shall learn to NOT put all their eggs in one basket(read USA). Good to see Indian companies spreading more and more across the world and not limit themselves to USA. 2) Gives a good chance to Indian migrants who are in USA or have moved permanently here. Make no mistakes the bulk of us, yours truly included, are not here for American value or American concept of "freedom", the sooner Dollar value gets down(and higher the rupee goes up) the faster you shall see reverse brain drain. Specially for those who are stuck in immigration processes. Meanwhile my wealth continues to dwindle :embaressed_smile: xx

[yoda]

In a way I am happy to see the dollar value go down. .... Meanwhile my wealth continues to dwindle :embaressed_smile: xx

:P

[Lurker]

:P

I know :embaressed_smile::embaressed_smile:

[apocalypse]

first time in 10 years it is less than 40

[Cricketics]

any chance of it going above 40 again or will it keep dropping?? this is shyt..

[Guest dada_rocks]

see this dollar value falling works both ways for india, there are positives then there are negatives too.. Ask canadian govt how their tourism and manufacturing sector suffers whenever canadain dollar falls..

[fineleg]

Boss' date=' give me a part-time job that nets me 40k a year( my tution), and I will gladly do it :lmao:[/quote'] 40k a year tuition...which university? :cake:

[Bumper]

Fed just cut the interest rates by half a point. With housing bubble bursting, there is really no way they can raise the interest rates in the short term. Dollar is in a soup for the next couple of years. But eventually (in a couple of years) the stock markets will soar, inflation will rise, interest rates will go up, boosting the dollar.

[Ram]

I wonder if the introduction of the Euro has got anything to do with the fall of the dollar, maybe people are buying more Euro bonds than dollar ones.