nowdays our industries are facing a serious problem......value of rupee is constantly increasing with respect to dollar......thatswhy our exporters are facing losses in their exports.....central bank i.e. resrve bank of india took some steps to resolve this but my friends i strongly believe that they are not right up to great extent......
i'm giving u reasons ...
as u all know lot foriegn firms are investing in indian markets,hence flow of dollars is from outside to market,thats the reason why the value of dollars is decreasing with respect to indian rupee.
and now see what steps resrve bank took....
resrve bank advised all banks to increase their cash reserve ratio,keep buying dollars to maintain its demand and to maintain its value.....but for this it needs lot of funds which can only be earned by increasing the interest rates........hence they are going to do a negative thing to check a negative thing...
better if they support and encourage our industries in buying foreign firms,with this we can dump extra foriegn currency outside of our markets.....hence no need to buy dollars and no need to increase c.r.r and interest rates....
best regards
ZAID KAMAAL
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