HAWALA LOGIC POSTED BY ANAND RANGANATHAN<http://www.newslaundry.com/author/anand-ranganathan/>| AUGUST 20, 2013 IN ECONOMY <http://www.newslaundry.com/category/articles/economy/> | 63 COMMENTS <http://www.newslaundry.com/2013/08/hawala-logic/#comments>
http://www.newslaundry.com/author/anand-ranganathan/ Look at the series of figures given below, of the Rupee – Dollar exchange rate for the months immediately preceding the Indian General election. A. [image: 2014-elections]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections.jpg> B. [image: 2014-elections-2]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-2.jpg> C. [image: 2014-elections-3]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-3.jpg> D. [image: 2014-elections-4]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-4.jpg> E. [image: 2014-elections-5]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-5.jpg> F. [image: 2014-elections-6]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-6.jpg> G. [image: 2014-elections-7]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-7.jpg> H. [image: 2014-elections-8]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-8.jpg> The Rupee was devalued because of: (i) Impending political instability (ii) Nervous foreign investors (iii) Capital flight courtesy US quantitative easing (iv) Huge profitability gained by bringing back black money stashed abroad in order to cover Election expenses. 3. Study carefully the figure provided below [image: 2014-elections-11]<http://www.newslaundry.com/wp-content/uploads/2013/08/2014-elections-11.jpg> The only occasion in the past 30 years when this trend was reversed in was in the months preceding the 2004 Indian General elections when the BJP-led NDA was in power. The rupee appreciated against the dollar because: (i) India was shining and the sentiment was sky-high (ii) The BJP had less black money stashed abroad compared to the Congress and therefore wanted the Congress to lose heavily on the exchange rate (iii) The BJP was confident of winning the 2004 election and didn’t bother to bring back its black money stashed abroad (iv) Mr LK Advani was so sure of becoming the Prime Minister that he forbade any wasteful election expenditure ------------- Moral of above mail is convert your Rupee in to $ , Vote for congress and wait for 3 years , Reconvert to rupee. your money will be doubled. :) :) -- -- For Anything related with Stock market be Online at http://www.niftyviews.com/ Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234 FOR TRIAL STOCK/NIFTY/OPTION CALLS You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group. To post to this group, send an email to [email protected] To unsubscribe email [email protected] for more info visit http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB . This is Not a Spam Mail. Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture." --- You received this message because you are subscribed to the Google Groups "TEAM STOCKRESEARCHERS" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
