UNDERSTANDING LOSS AND BENEFIT OF RISING DOLLAR

Do not go worried if Dollar rising sharply, no doubt it will affect our economy at large, but RBI has enough fund to repay the debt and interests also. We have almost more than 426 ARAB DOLLAR in US$ currency, so it will have double effect. Negative and Positive. Economy and external buying will be affected negatively, but against that we also have foreign reserve that is in DOLLAR $ so there our reserve value also appreciating because Dollar is going up For example today INR to $ has crossed 70 RS but than too stock market is UP and rising. This is *LIVE EXAMPLE*