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?

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