Thursday, April 26, 2012

What is the value of rupee?

What is the correct value of rupee? You may have wondered many nights sometimes without sleep. Is 50 rupees equal to a dollar?
If I were to be a consultant in foreign exchange, I will advise my customer with the statement "Rupee is nothing but an acceptance that an Indian needs a lot of things". It is not enough that I have a bag of rice. I need some wheat, some cement, some clothes. How to go about it? Rupee is the answer. It is very basic definition actually.
So, next time someone says the bottle of whisky is 5400 in India. It is only 100 in US. Then, just thank god that you get to drink the stuff. Do not worry about anything else.