Article;
CAD falls to 3.6 per-cent of GDP but fails to lift rupee
Comment;
Can't we make a pact
with our trading partners that when we will supply goods and services we will
accept only Indian-Currency, because, that will increase the demand and value
of the Indian-Rupee. Strong and more stable. If we will not accept Indian rupee
who else will? We have to accept Indian currency instead of US $. It will
decrease the demand for dollar and will depreciate it and will increase demand
for Indian rupees and it will appreciate. The Indian rupee is getting cheap and
unstable and an increase in its demand will make it stronger. Moreover it will
help in moderating CAD. There should be a balance between the demand for
dollars and demand for Indian rupee to keep the value of currencies at
reasonable levels….
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