It is the symbolization of our Indian currency, now a days it’s quiet ground to earth as you know we Indians love only to criticize system, economy.Now, we the civilians only think we made government that should take of our economy and system.But in the mean we forget what is system? Is there no contribution of ours to improve country’s economy? Have gone through so many fictitious public post like….
1, We should not use imported cosmetic product.
2, We should not buy petrol.
3. We should not go outside.
So mainly we are concentrating on import side of business….. but do you ever think in this inflation who are going richer and stronger? Yeah the politicians and exporter. But Trader are also a important part of that growth. Demagogic are all the way the Boss.
How could we forget about the exporter.They make a vulnerable contribution in making rupee low.As a example,
The IT Sectors are getting project from all over the worlds and unctuous to their deals, end of day they also gave a good amount of money..and here the currency matters.Foreign clients pay the bill only in their currency,and Company then give that to bank in return it claims rupee,so in whole transaction,the foreigner does not have to think about rates as they only have to pay their own currency....but now Reserve bank and other bank have to buy all this foreign currency by giving handsome inr amount.We people can think then why not we printing notes but it rises the inflation much higher as there will be so much money in market that people will start again to buy foreign currency.
On the other side,the exporters deals again in foreign currency,they did not utilize INR. To provide this two sectors' need.Why Indian trader not funding Indian currency in world market?If we told we only deal export in rupee then those foreign dealer have to buy our currency.Only by which we can help our own rupee to gain more value and Respect(Ijjat) in world market.
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