Showing posts with label currency value. Show all posts
Showing posts with label currency value. Show all posts

Thursday, May 24, 2007

Dollar value vs Rupee value.

Is it time to sing "Humpty Dumpty had a great fall?".
-Read in a local daily

The steep downward line on the forex market graph that shows the US$ value steadily losing ground against Indian Rupee. Is it a fact that Rupee is gaining value or US$ losing value across the globe. A point to ponder for finance analyzers.

Yes, I don't have a head for these international wrangles but I know for sure that my earning by blogging is declining in value. If I get paid $5 per post, paypal gives nearly Rs.1.15 less that the official rate per dollar and not to forget the $5 paypal fee for check withdrawal.

Even though I am an Indian, I pray for a reversal in forex market. Anybody with me?