INDIAN RUPEE CROSSING 83 PER USD TODAY : THE SWEATS OF OUR DOLLAR EXPENDITURE

INDIAN RUPEE CROSSING 83 PER USD TODAY : THE SWEATS OF OUR DOLLAR EXPENDITURE

When the Oil Companies of India, land in the market to buy US Dollars to foot the Bill of our Crude Oil Imports ( the Fuel Bill ), when the Dollar is becoming scarce day by day, the Indian Rupee goes to the Slaughter House, the Blood Bath takes place. As a large Economy, we will always have some compulsion or other, that is causing the Indian Rupee getting weaker and weaker without rest.


Today Rupee has crossed 83 to a Dollar, it has got into a real vicious circle. We have a huge fuel bill on account of Crude Oil Imports, also Other Imports are a lot. We are a large consumer Economy and have become not only Dollar Dependent a lot by compulsion, we want to also spend a lot in Dollars while earning less of it.

Unless we reduce our Fuel Bill, tackle the Fuel Economy by Establishing a Fuel Price Stabilization Fund on which I have written on several occasions, and we reduce our Dollar Expenditure everywhere possible, we may have to face harder times.

We also have round the year state elections, state after state and one after another, somewhere or other, generating compulsions to chase power not for one, for everyone.

Unless we break the Vicious Cycle by reducing our Dollar Expenditure ( and Earning more Dollars ) to preserve Indian Rupee getting into Slaughter House again and again, we can't escape tougher times and choices. The signals are worth recognizing, we can't go lavish with this weakness in Indian Rupee.

More interest to read on this, giving a link below:


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.


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