Value of Indian Rupee is going down and down in world economy. Manmohan Singh, Prime Minister of India, once upon a time was Finance minister of the country, and it was expected of him to take care of economy of the country. But, during his rule, the value has gone all-time down. I had a look at the value of Indian rupee in comparison to USD, GBP, Australian Dollar and Euro today on August 21, 2013 and the results are depressive.
Conversion of 1 Australian dollar to Indian Rupee
Conversion of 1 Euro to Indian Rupee
Conversion of 1 GBP to Indian Rupee
Conversion of 1 USD to Indian Rupee
Very unfortunate that even the best ‘brians’ in India, such as PM, can not explain/do much about the falling rupee. India has the brians, but no willingness to actually use it. At the end of the day, it does not matter how capable one is, what matter is how willing he/she is. Good luck to India. Tough road ahead!