DIGIT-ARC read-only archive · snapshot: July 23, 2026

Will the Rupee hit 70 before august end?

46 posts · originally from https://geek.digit.in/community/threads/will-the-rupee-hit-70-before-august-end.177255/

H
heidi2521 Original post #1
Aug 28, 2013 at 10:53 AM
Basically the title. At 68.5 right now with a few more days to go so it seems plausible.
Chaitanya
Aug 28, 2013 at 11:28 AM
I'm too pretty sure..
But i wud b greatly happy if i'm offended & falsified
sujoyp
sujoyp #3
Aug 28, 2013 at 11:33 AM
its seems it will reach 70....and I hear that cost of all imported items will increase by around 20-25% coz they are still selling at old rates..
shreymittal
Aug 28, 2013 at 11:41 AM
Its 69.00 now so I'm damm sure it will cross 72 before 31 August
d6bmg
d6bmg #5
Aug 28, 2013 at 7:34 PM
It may hit that mark by tomorrow.
theserpent
Aug 28, 2013 at 7:35 PM
Wake up DEAR GOVERMENT!
G
Aug 28, 2013 at 7:40 PM
Definitely this week.
Zangetsu
Aug 28, 2013 at 7:45 PM
import is costly now..but export business & onsite indian employees are rich $$$$
Hrishi
Hrishi #9
Aug 28, 2013 at 10:04 PM
This is gonna go up until elections.
Vyom
Vyom #10
Aug 28, 2013 at 10:18 PM
Its good that I ordered my processor from Amazon within the limit under 62. :p

But this looks pretty bad. :(
ashs1
ashs1 #11
Aug 28, 2013 at 10:21 PM
The dollar closed at 68.80 ( lost its value by Rs. 2.56 during the whole day ).
Not a Financial Expert, but judging from the trend, i think the 70 mark might get breached within Friday (30th August )
lywyre
lywyre #12
Aug 29, 2013 at 12:04 PM
Have some hope guys. Only me voting NO :( (because I don't want Re. to go there. EVER)
¶§Ç
¶§Ç #13
Aug 29, 2013 at 12:51 PM
Exports People will be happy by getting 20 rs extra for each dollar...

But... Imports People... Only God Can save them :(
theserpent
Aug 29, 2013 at 1:18 PM
Wow Rupee jumped to 66 :)

*www.thehindu.com/business/markets/rupee-up-by-120-paise/article5070780.ece
Zangetsu
Zangetsu #15
Aug 29, 2013 at 1:25 PM
Exports People will be happy by getting 20 rs extra for each dollar...

But... Imports People... Only God Can save them :(

MMS shud do something quick :mrgreen:
Flash
Flash #16
Aug 29, 2013 at 1:56 PM
1 US Dollar equals 67.61 Indian Rupee

as of now..
¶§Ç
¶§Ç #17
Aug 29, 2013 at 2:03 PM
Yea today its decreased to 1.20 and stood at 67.60 rs...
H
heidi2521 #18
Aug 29, 2013 at 5:00 PM
66.78 right now. Please prove me wrong Rupee.

66.78 right now. Please prove me wrong Rupee.
Flash
Flash #19
Aug 29, 2013 at 5:24 PM
Rupee should not go wrong to prove your statement..
sujoyp
sujoyp #20
Aug 29, 2013 at 5:53 PM
some relief...hope it moves back to 58 soon
¶§Ç
¶§Ç #21
Aug 29, 2013 at 6:57 PM
some relief...hope it moves back to 58 soon

What 58 ?? it has to set near to 48 or 49 thats it... nothing more... nothing less...
lywyre
lywyre #25
Aug 30, 2013 at 12:14 PM
Sad to see our currency has become a laughing stock :(
Flash
Flash #26
Aug 30, 2013 at 12:22 PM
66.55 now.. Good for India..
Flash
Flash #30
Aug 30, 2013 at 12:40 PM
40 looks better.
Maybe below 60 is possible.
But that depends on our economic growth, strength of the economy, inflation rate, etc.
Hrishi
Hrishi #31
Aug 30, 2013 at 12:42 PM
Maybe below 60 is possible.
But that depends on our economic growth, strength of the economy, inflation rate, etc.

And largely on corruption levels.:wink:
sujoyp
sujoyp #32
Aug 30, 2013 at 2:21 PM
here bangladeshi people are making fun of us...last year same time 1 Rs = 1.47 Bangladeshi Taka (BDT)

now 1RS = 1.12 BDT :(

they say that soon INR will rech 75 a doller and BDT will become stronger :-?
Ronnie11
Ronnie11 #33
Aug 30, 2013 at 3:16 PM
I don't see INR touching 70 for now as RBI seems to be releasing dollars to tame demand and also with OMC directly getting dollars, i would say it will stabilise around 65..bet is for 60-65 till the end of the year...

U.S Fed announcement in Sep would be key in deciding INR movement...
¶§Ç
¶§Ç #34
Aug 30, 2013 at 5:33 PM
I don't see INR touching 70 for now as RBI seems to be releasing dollars to tame demand and also with OMC directly getting dollars from Rupee, i would say it will stabilise around 65..bet is for 60-65 till the end of the year...

U.S Fed announcement in Sep would be key in deciding INR movement...

And That Decision is Against us... I can Bet on it
H
heidi2521 #35
Aug 30, 2013 at 7:34 PM
65.7350 right now. Unless the govt. does something mindbogglingly stupid I will end up being proven wrong.
Ronnie11
Ronnie11 #36
Aug 30, 2013 at 7:44 PM
And That Decision is Against us... I can Bet on it
Well it will be in U.S.A's interest... :)

Q1 GDP figure at 4.4%...below estimate..But market was estimating between 4.3-4.8%
Flash
Flash #37
Aug 30, 2013 at 11:14 PM
65.7350 right now. Unless the govt. does something mindbogglingly stupid I will end up being proven wrong.
Why are you so hellbent on free falling of our currency to fall more, just to make your silly point right?

Just to ask, are you really from India?
Hrishi
Hrishi #38
Aug 30, 2013 at 11:38 PM
Why are you so hellbent on free falling of our currency to fall more, just to make your silly point right?

Just to ask, are you really from India?

Benefits those involved in direct profits from IT business. Its like a pay raise for them.
H
heidi2521 #39
Aug 31, 2013 at 12:03 AM
Why are you so hellbent on free falling of our currency to fall more, just to make your silly point right?

Just to ask, are you really from India?

I'm guessing that you missed this:

66.78 right now. Please prove me wrong Rupee.

66.78 right now. Please prove me wrong Rupee.

Just because I added nothing after my (factual) statement this time doesn't mean that I am either happy or unhappy about it.

I may or may not be from India but my loyalty lies with 輝かしい日本 (for now anyway).

Benefits those involved in direct profits from IT business. Its like a pay raise for them.

And ****s people who import ~99% of their entertainment products ranging from books to collectibles to video games in the arse.
theserpent
Aug 31, 2013 at 7:14 AM
Great 65 now hope it reaches 60
Hrishi
Hrishi #41
Aug 31, 2013 at 8:48 AM
And ****s people who import ~99% of their entertainment products ranging from books to collectibles to video games in the arse.
hahaha , bad time for such mass.
Flash
Flash #42
Aug 31, 2013 at 10:49 AM
With these freefalling of money and so many scams, am sure Cong will not win this time..
Even some medias are bashing Mr.singh for his inability to fully function as Prime minister (on his own)..

But he's such an optimist - "Indian Prime Minister Says Rupee Crisis Will Only Make Country Stronger | TIME.com"
theserpent
Aug 31, 2013 at 12:42 PM
Are you serious did he SAY THAT? :eek:
H
heidi2521 #44
Aug 31, 2013 at 12:44 PM
^lolwut.

Rupee crisis will make country stronger

That was directed at Gearbox's post, not yours. Your post wasn't there when I opened this page.
H
heidi2521 #46
Aug 31, 2013 at 10:47 PM
RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Re fall - The Economic Times

Oh wow. LOL. Lets loot our cultural heritage to protect our currency.