Thanks to the UPA government which is only focused on eating away the economy of the nation, courtesy of their scams running into unimaginable proportions, the impact is now being seen and felt in terms of the severe battering which the Indian rupee is taking at the hands of the U.S Dollar.
Petrol prices inevitably increased by another Rs 2.50 breaking the spine of the common man in India. But the worst part is yet to come.
If the United States were to attack Syria now, only God knows the effect it is going to have on oil prices worldwide and especially the effect on an already beleaguered Indian economy.
Some economists say that in such a scenario they wouldn’t be surprised if the rupee were to fall to Rs 100 against one dollar.
The only silver lining seems to be for folks who reside in the U.S as every time the rupee keeps appreciating, it makes their job of investing in India that much more simpler.
Understandably, foreign remittances to India would increase. Other than that, there does not seem to be much to cheer for the people of India.
