How is US dollar going to stand against Indian Rupee over the next two months and also in the long run ?

November 13, 2007

Posted by SlashLane

( 1 rating )

The US dollar has no good news ahead. The dollar is at all time lows with no end in sight. My prediction is the dollar won't move back up for another 2 years, when the US has a democratic administration in place that won't be keep spending money the country clearly doesn't have.

India's rupee will likely gain as the government has made publicly clear that they don't plan to slow capital inflows. I'm bullish on the Rupee, not that I trade currencies.

What's your position?

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