Thursday, November 8, 2007

US Dollar Fallling Short

X-ray Vision:
The US Dollar once reigned supreme in the world of currency. Now, it begins to slip further down the value list as the Euro heads to the top. In India, the exchange rate used to be one US dollar for 50 rupees. Now, one US dollar for every 39 rupees. Not a good reflection on the US economy. Any US tourists that go to India and end up visiting a grand monument that requries cash, they have to pay at a fixed rupee price rather than in dollars to keep the status quo as the dollar fall short of other major currencies.

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