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Showing posts from September 28, 2008

Day #- 3- Blog's real test...

It is generally said tht any thing which is created has to pass thru certain tests... It was the day three for liveankit, the statistics and comments have to say many things, 370 hits , Lot more than yesterdays 186... , Dont worry , today i was xtreeemeeeeelllllllyyyy free, so around 100 hits would be mine.... 
RESPONSE SEEMS TO BE GOOD , THE STATS SAY SO, But it can be a fluke... any product when launched gets a curiousity response... The Real test has begun now... What matters is conversation, hw many ppl come again to blog? who all are writing comments? whether the blog is solving any purpose?? all these things are yet to tested and tried.. Writing a blog takes a lot from u, specially the time, so it is to be seen tht the blog is actually helpin anyone or it is just makin fun of time, news and designs...Well, i have a new poll too..
Its 09:30 PM IST,  finally writing the last post of the day,we discussed abt the scenario of rupee depreciation, really a grreattt prob which the country…

Rupee Appreciation was a concern few months back, now it is abt Rupee Depreciation- INDIA SHINING AND SHIVERING

If i recall you the economic times or TOI or HT of recent past , u would find editorials on Rupee appreciation, A lot many ppl , rather experts showed their concern on rupee appreciation ,we noticed exporters howling as they were getting the least possible returns..
How ? Imagine an IT company in India making a contract with US firm for 40$ a day. Initially when the exchange rate was 1$/45INR , he was getting a smart return of around 1800 INR in a single day... Soon after the economy SPINNER , let me say DOOSRA , the prices of Foreign Currency (US$) fell against the Local Currency(INR) and the quotation said " 1$/39INR" , the average daily return became 1560 INR...
The above said paradigm was faced by several exporters who traded in dollar denomination, That didnt mean tht all Indian traders were loosing, those who were importing in dollar denomination enjoyed paying less bills... But this is recent history....Today the price of Dollar is 46.43....  means a bouncer coming direc…