Sri Lakshmi (Student) (24 Points)
17 September 2008Inspite of the US economy in near doldrums like the bankruptucy of a 158 year old Lehman Brothers,
acquisition of Meryll by BofA,
ailing AIG,
the recent bailout of Freddie and Fannie and the Bears Stren by the fed,
the subprime and the credit crisis,
the uncertainity about the next political party that will occupy the white house and their economic reforms,what makes the dollar appreciate against the rupee?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 17 September 2008
It is the inherent weakness of the rupee, which makes it vulnerable even when the dollar is weak.
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