Dollar $ price continuously falling What happened if $1=Rs.1?
From last few months dollar price is continuously falling due to more investors from abroad. It's mainly effects exporter or Immigrate. At present $1 = Rs.41.64 while some months back it is equal to Rs.46-47. First of all Indian will stop Immigration to others countries. Because to leave our country the main reason is low or not satisfying income. That's why every year lakhs of peoples are immigrating to others countries like USA (United States Of America), UK (United Kingdom), AUS(Australia), NZ(New Zealand) etc. I met personally thousands of students their main aim is to get a degree and settled in foreign country. Reason: Low salary Suppose you are working in USA and you are earning $2000 per month. That’s means $2000 x 42 = Rs. 84,000. Rs.84, 000 per month is not a small amount in India (also not a big). So, that creates a difference. India is the second fastest growing major economy in the world, with a GDP growth rate of 9.2% at the end of the second quarter of 2006–2007.