Read this!
http://www.economist.com/content/big-mac-index
Indian Rupee is the MOST UNDERVALUED by more than 50% vs. US$.
What this means is that if I can buy the same goods in USA and India, I am better off converting 100 dollars into 5500 Indian rupees which will buy me the goods for 200 dollars.
Wow!
- Posted using BlogPress from my iPad
http://www.economist.com/content/big-mac-index
Indian Rupee is the MOST UNDERVALUED by more than 50% vs. US$.
What this means is that if I can buy the same goods in USA and India, I am better off converting 100 dollars into 5500 Indian rupees which will buy me the goods for 200 dollars.
Wow!
- Posted using BlogPress from my iPad
