Archive for August 23rd, 2013

Suggestion to prevent Rupee Depreciation — FM/Guv should head to Tirupati..

August 23, 2013

Of all the boring and much-repeated suggestions, Here is a really interesting one from Jamal Mecklai.

He says the FM and RBi Guv should head to the much revered Tirupati Balaji Temple. Well it is not for offering prayers alone, but for helping INR:

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Impact of Rupee depreciation on IPL — Indian players salaries getting a raw deal…

August 23, 2013

An interesting piece by Amol Karhadkar on Cricinfo.com. (This case on impact of rupee on libraries was also a nice read)

He points how Indian players who play at IPL are losing out due to Rupee Depreciation. The players are auctioned in USD but get Rupees as per  fixed exchange. This as part of their contract with the franchisee. However, the overseas players are paid based on floating exchange rates adding to the bills of franchisees severely. This is just like a Indian corporate which borrows abroad and is impacted as rupee depreciates. It earns in Rupees but has to pay in Dollars…

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