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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Indian Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar

Indian Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar

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skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
To all my keyboard warriors.
 It's not just SL rupee that falling against USD but other currencies as well.

Don't just think because your king and the clan is not there the SL rupee is falling.

Indian rupee devalued more than 12% since the beginning of the year.

Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar: Key Things To Know
The Indian rupee collapsed below the 72-level for the first time ever against US dollar today, reported news agency Press Trust of India (PTI). The domestic currency slipped 37 paise to trade at 72.12 against the US currency in afternoon trade. The fall in Indian currency is due to the persistent global headwinds and concerns on macroeconomic front. Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices. The Reserve Bank of India (RBI) was not spotted intervening after the rupee pierced the 72 level, according to a Reuters report.



https://www.ndtv.com/business/inr-vs-usd-rupee-vs-dollar-currency-exchange-rate-rupee-breaches-72-mark-for-first-time-10-points-he-1912131

samaritan


Moderator
Moderator
GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.


_________________




The biggest risk in life is not taking any risk at all.

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.
This picture might explain Very Happy Very Happy Very Happy why we become slaves still since British left....
Indian Rupee Breaches 72 Mark To Hit Lifetime Low Against US Dollar F3711

samaritan


Moderator
Moderator
@ranferdi wrote:
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.
The root cause is the massive financial fraud ever to have taken place in the country's history the Bond Scam planned & executed by the UNP hierarchy and the mismanagement of the economy by the present regime. As i have stated earlier the bond scam can be compared to a massive earth quake in the financial system. 'scam 2' has not even been investigated, both scams costing the nation heavily in monetary & in terms of reputation.

In the recently held business forum titled "the fire talk" held at the Hilton hotel where top private sector businessmen expressed their dismay at the Governments inconsistent policies. The Govt's inability to formulate consistent policies was highlighted by none other than top business leaders.

After carrying out the country's largest financial fraud the 21st century fox and his intimate friend the Micky mouse are roaming freely clad in coat & tie. Mahendran has been provided Diplomatic protection through the Sri Lanka High Commission in S'pore as revealed by S.B dissanayake yesterday, he also challenged the Govt to disprove the allegation.


_________________




The biggest risk in life is not taking any risk at all.

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:
@ranferdi wrote:
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.
The root cause is the massive financial fraud ever to have taken place in the country's history the Bond Scam planned & executed by the UNP hierarchy and the mismanagement of the economy by the present regime. As i have stated earlier the bond scam can be compared to a massive earth quake in the financial system. 'scam 2' has not even been investigated, both scams costing the nation heavily in monetary & in terms of reputation.

In the recently held business forum titled "the fire talk" held at the Hilton hotel where top private sector businessmen expressed their dismay at the Governments inconsistent policies. The Govt's inability to formulate consistent policies was highlighted by none other than top business leaders.

After carrying out the country's largest financial fraud the 21st century fox and his intimate friend the Micky mouse are roaming freely clad in coat & tie. Mahendran has been provided Diplomatic protection through the Sri Lanka High Commission in S'pore as revealed by S.B dissanayake yesterday, he also challenged the Govt to disprove the allegation.

Please stop false allegations and mud slinging. Tell me if the two chief officers of perpetual are not in remand??

Tell me if arrest warrant is not issued for Mahendran??

Tell me if fair trail for the case is not allowed??

Tell me if liberties are not given to discuss explore, distort all the facts relevant to  bond issue??

You have freedom that we didn't have in previous regime... 


12 billion looks mere when we compare with all the loot in previous regime.

You have at least a better government than previous one but it is not the best I accept

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@samaritan wrote:
@ranferdi wrote:
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.
The root cause is the massive financial fraud ever to have taken place in the country's history the Bond Scam planned & executed by the UNP hierarchy and the mismanagement of the economy by the present regime. As i have stated earlier the bond scam can be compared to a massive earth quake in the financial system. 'scam 2' has not even been investigated, both scams costing the nation heavily in monetary & in terms of reputation.

In the recently held business forum titled "the fire talk" held at the Hilton hotel where top private sector businessmen 

Please stop false allegations and mud slinging. Tell me if the two chief officers of perpetual are not in remand??

Tell me if arrest warrant is not issued for Mahendran??

Tell me if fair trail for the case is not allowed??

Tell me if liberties are not given to discuss explore, distort all the facts relevant to  bond issue??

You have freedom that we didn't have in previous regime... 


12 billion looks mere when we compare with all the loot in previous regime.

You have at least a better government than previous one but it is not the best I accept

UNP DICTATOR LEADERSHIP TO CONTINUE TILL 2030

http://www.dailymirror.lk/article/I-have-groomed-a-set-of-new-leaders-to-take-over-the-party-Ranil-155113.html

samaritan


Moderator
Moderator
@ranferdi wrote:
@samaritan wrote:
@ranferdi wrote:
@samaritan wrote:GDP growth in India for the last quarter was in excess of 8%. Sri Lanka a little over 3%.

India takes advantage of the depreciating rupee to achieve growth but in our case it is not so.
These guys are only capable of robbing the Central Bank whether rupee appreciates or depreciates.

And at the same time you are unable to see the root cause of Sri Lanka econmy slowing down.. Which is Huge loans obtained by RAjapass regime for white elephant projects... Right Now the countrymen mind set is like a blind man who was saved from falling into 10 feet pit but while guiding him through safe path he has fallen to the 1 feet pit and blaming savior for falling into 1 feet pit.


This is valid in both Economical and political situation as of today. I feel embarrassed of the level of understanding (IQ) our people have in common.
The root cause is the massive financial fraud ever to have taken place in the country's history the Bond Scam planned & executed by the UNP hierarchy and the mismanagement of the economy by the present regime. As i have stated earlier the bond scam can be compared to a massive earth quake in the financial system. 'scam 2' has not even been investigated, both scams costing the nation heavily in monetary & in terms of reputation.

In the recently held business forum titled "the fire talk" held at the Hilton hotel where top private sector businessmen expressed their dismay at the Governments inconsistent policies. The Govt's inability to formulate consistent policies was highlighted by none other than top business leaders.

After carrying out the country's largest financial fraud the 21st century fox and his intimate friend the Micky mouse are roaming freely clad in coat & tie. Mahendran has been provided Diplomatic protection through the Sri Lanka High Commission in S'pore as revealed by S.B dissanayake yesterday, he also challenged the Govt to disprove the allegation.

Please stop false allegations and mud slinging. Tell me if the two chief officers of perpetual are not in remand??

Tell me if arrest warrant is not issued for Mahendran??

Tell me if fair trail for the case is not allowed??

Tell me if liberties are not given to discuss explore, distort all the facts relevant to  bond issue??

You have freedom that we didn't have in previous regime... 


12 billion looks mere when we compare with all the loot in previous regime.

You have at least a better government than previous one but it is not the best I accept
Two are in remand to satisfy the public. You may see them released when it nears 2years. Scam 2 has still not been investigated. It is difficult to quantify the losses at this stage. Furthermore, the damage done to the country's reputation is something you cannot quantify in rupee terms.

Arrest warrant on Mahendran is only for name sake. As if the culprit cannot be traced in a country like S'pore. What have you got to say about the Diplomatic protection?

Fair trial???? with two senior lawyers who were familiar and carrying on with the case was side lined and a drama was staged.


_________________




The biggest risk in life is not taking any risk at all.

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
There's nothing called punishment in Sri Lanka. If there's something called punishment then the king and clan already counting steel bars due to Mig scam, Greek bond scam, hedging scam, Tsunami scam, nothern railway scam, Thuruliya scam etc

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@skyfall wrote:There's nothing called punishment in Sri Lanka. If there's something called punishment then the king and clan already counting steel bars due to Mig scam, Greek bond scam, hedging scam, Tsunami scam, nothern railway scam, Thuruliya scam etc
Greek Bonds
Just uttering political slogans shouted in political rallies without proper knowledge of economic issues is nothing but for cheap publicity intended for gallery clapping. 


If we call investing in Greek bonds by the then Central Bank of former President Mahinda Rajapaksha govt. is a fraud then all the major European banks which held the largest holdings of Greek debt and European Central Bank(ECB) , IMF, a European govt. fund investing in Greek bonds too are frauds. 


Are the countrymen of those countries accusing the officials of IMF, ECB and all other leading European banks and the leaders of France, Germany and Italy who decided to invest in Greek Bonds branded as scammers????


The Greek economy was one of the Eurozone's fastest growing from 2000 to 2007, averaging 4.2% annually and foreign capital flooded in to Greece.



Greek government's bond auction in January 2010 of €8 bn 5-year bonds was 4x over-subscribed.The next auction (March) sold €5bn in 10-year bonds 3x. over-subscribed. 
By April 2010, it was estimated that up to 70% of Greek government bonds were held by foreign investors, primarily banks from various countries in the world. 


In April 2010 after publication of GDP data indicating a recession starting in 2007, credit rating agencies  then downgraded Greek bonds to JUNK status in late April 2010.

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