Bitcoin Forum

1 USD = 60.72 Rupees right now.

LMAO

I wish i had my 2000$ LR now

And guess what, Chidu will say tomorrow.. No need to panic, everything is in control..
Did I mention, they dont have to pay single rupee for Petrol and all other things that are going to get crazy rates now..
Long live inflation :)

Cheers

Haha...
Chidu chidambaram chindi chor http://www.kolobok.us/smiles/madhouse/sarcastic.gif

He should be sent to jail for scamming 1.2B Indians by promising the return of the Rupee.

all good  things coming to those who wait.

now it pumps then it blast. then we can buy 3 bhk apartment for 25 btc. I'm lovin it.

YaY cashout time :)

Chidambaram definitely deserves a scammer tag.  >:(

I have 2 USDs. Good thing I kept them. Someday they will be worth millions of rupees.. enough to buy a chai at that time.

lol :)

Rs 55-60/$ is a 10% move over  weeks.

Most of this is due to regulations in India. They need to understand that people who need to move money, 'WILL'. It does not matter as to what regulation is in place.

The people who actually influence the rupee are not going to be thwarted by these regulations and will go outside the banking structure to move their money.

If regulations are relaxed, there will be a far better acceptance of the rupee and people can actually become entrepreneurs of scale.

costly rupee good for importers, they will have to pay less for usd and if usd cost less they can buy more and import more. that way local manufactures have to compete with cheap import, bad for economy. Cheap rupee good for exporters, exporters usd will generate more in INR. Good for exporters bad for economy too, overheating. At present scenario there is no good choices. Cheap rupees good for IT for exporters and real estate which depends on IT revenues. But that is worst scenario for country, from higher ground it will be harder to fall.
Faster growth faster it will hit the wall. And wall is there waiting. What is interesting to know for me personally, what is indicators and what is time when this bubble will collapse, what is recovery scenario, which sector of economy will lead to recovery, what time recovery will take.

Many businessman in India understand this trend, if local businesses got sold and moving abroad, what to expect from foreign investments, nothing.  In situation like this consulting based on System Dynamics programs like Stella can give very valuable decision taking tool for large corporations. If somebody looking to start such consulting and have experience in SD and Stella I will be interested to look into business opportunity in this area.

One example. 7 years ago Mittal acquired Arcelor paid euro 26.5 billion. Now no body need steel in Europe, because nobody buys cars in Europe. Plant is closed workers, rioting on streets. 7 years ago for me personally it was clear, it is BAD business decision. I doubt Mittal even recovered this 26.5 billion. Not counting for bribes he paid to politicians.

Most of this troubles rooted in sick financial system ect. If we can show big businesses on very scientific way by using SD as a tool, that there is alternative in form of bitcoins existed, be sure big money will come to bitcoins. All regulatory issues will be solved. Because business will do what ever it takes to survice. Smart people selling now businesses bringing a lot of profit and moving abroad. Not so smart buying and they need our help, because few years latet max 2 years, same as Mittal they will be closing and nobody will want to buy their factories. Instead of closing down in few years from now, they can start building up and form alliances now on new more reliable monetary platform. As we can see that regulatory issues can be solved very simple, Germany example.

I had 400 USD LR which I got from the Mayzus forex and felt very bad  when LR went down.

At the rate of anything above 58 would have been good for me overall.

lulz  ;D

https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-frc1/1003646_253827528082745_1362094213_n.jpg

Rupee Depreciation – How Does it Affect YOU
http://insight.banyanfa.com/rupee-depreciation/

Good Article.

$ Vs.  ₹ Chart
http://insight.banyanfa.com/wp-content/uploads/2012/05/BFA-USD-INR-Rupee-chart.jpg

https://sphotos-a.xx.fbcdn.net/hphotos-ash3/p480x480/542161_376614355724126_760432651_n.jpg

Found on facebook lol

:o

The worst time for Indian economy. Even stock market also falling.

And the best time to invest in BTC :)

Cheers

touched 65 mark on 22nd August,2013...

Any projection for 6 months / 12 months?   ???

Market/economy is in negative mood...

Be cautious for new investment in stock market.

 :o lol i thought rupee was at 61. Looks like i didn't checked xe.com from many weeks.

On MCX its 1 USD = Rs 68 Right now  :-[

Good News for bitcoiners.. Cashout time.. YAY.

what ??

This is not allowed now any Indian note with anything like that won't be acceptable anywhere. I read it somewhere !!