well i think i might have put the question wrongly.
according to my perception the sub prime crisis might not be
responsible for this "sudden and drastic fall".
also indian markets are more insulated than the european markets
including the swiss markets and many of swiss banks have already
posted losses in few billion franks in the last two quarters, so
nothing new has happened.
when i checked some two weeks ago, the frank is around 41-42 range and
in a matter of two weeks a drop in 2rs,i thought was something
drastic.
@kshitij
I think european markets are more exposed to US economy more than
indian markets.
never heard any of the indian banks posting losses in the scale of
billions of dollars which happened in UK and Swiss.
anyways a fall in the exchange rate would be beneficial for everyone
of us,
On Aug 9, 12:20 pm, "Parit Bansal" <
parit.ban...@gmail.com> wrote:
> Ok I think I didn't put my point across. wht I meant was does it really
> matter why it is falling? I mean its beneficial for us and if someone would
> have googled this before asking then he would have came to similiar
> conclusion already and then would have put it up as an opinion rather a
> question. Anyways I tend to be more proactive before asking question..guess
> its just me. Go on discuss it out.....
>
> - Parit
>
>
>
> On Sat, Aug 9, 2008 at 12:39 PM, kshitiz tyagi <
tyagi....@gmail.com> wrote:
> > @parit bansal
> > This is a forum to discuss i suppose.... and to discuss things related to
> > swiss.... makes no harm discussing their economy a little....
>
> > Well i think its not the rupee thats appreciating as the our growth is at
> > low and the inflation at high.... european markets especially swiss are not
> > that attached to the world economy ....so it is possible that the recession
> > in the US economy due to sub-prime crisis that had affected indian economy
> > must have started affecting europe now.....
>
> > On Sat, Aug 9, 2008 at 12:36 PM, Parit Bansal <
parit.ban...@gmail.com>wrote:
>
> >> why are we discussing this?
>
> >> - Parit
>
> >> On Sat, Aug 9, 2008 at 12:26 PM, Ankush Gupta <
g.anku...@gmail.com>wrote:
>
> >>> Even euro is falling. Seems like, rupee is appreciating..
>
> >>> On Sat, Aug 9, 2008 at 12:13 PM, avinash8891 <
avinash8...@gmail.com>wrote:
>
> >>>> why is it falling this drastically??
> >>>> any idea guys?
>
> >>>> On Aug 9, 9:27 am, twinkle <
nafisha.sha...@gmail.com> wrote:
> >>>> > I think it has reduced to 38 now....!
>
> >>>> > On Aug 6, 2:21 pm, Learner <
g.anku...@gmail.com> wrote:
>
> >>>> > > CHF slips further against USD as well as INR.
>
> >> --
> >> Parit Bansal
> >> Graduate Student
> >> DhiruBhai Ambani Institute Of Information and Communication Technology
> >> Gandhinagar- 382007 India
> >> Email:
parit.ban...@gmail.com
> >> Web:
http://www.guptalab.org/paritbansal/
>
> > --
> > Kshitiz Tyagi
>
> --
> Parit Bansal
> Graduate Student
> DhiruBhai Ambani Institute Of Information and Communication Technology
> Gandhinagar- 382007 India
> Email:
parit.ban...@gmail.com
> Web:
http://www.guptalab.org/paritbansal/