On 27 August 2013 20:48, Tim de Mello <[email protected]> wrote:
> Marshall: > > A nicely thought out e-mail. > > Let us hope that common sense will prevail in the end. > Indians trying to mimic a western standard of living cannot be sustained. > Cannot and should not have deep divisions like in the Western world of > "haves" and "have not" segments in our society. > Corporates need to work with ordinary citizens to carve out a unique and > sustainable Indian way. > All citizens need to feel part of the solution. > > We are a very intelligent people. > My hope is that India, being one of the oldest civilizations, will rise > again. > > Tim de Mello > RESPONSE:- Rupee is in a free fall, Govt subsidies and a load of other reasons; currently at USD 68.49 EURO 91.50 and STG 106.25. Extract - The dour mood saw emerging market currencies<http://uk.reuters.com/business/currencies> extend their sharp selloff, with both the Indian rupee and Turkish lira hitting record lows, just as investors were pulling out ahead of an expected cut back in stimulus by the U.S. Federal Reserve, possibly as soon as next month. Full read @ http://uk.reuters.com/article/2013/08/28/uk-markets-global-idUKBRE87514J20130828 -- DEV BOREM KORUM Gabe Menezes.
