Effect of U.S. economy on americans traveling in India

dlesli · Jul 18th, 2008, 01:52

A brief review of the exchange rate reflects that the U.S. dollar is holding on pretty strong against the Indian rupee. Is that what travelers out there are seeing? Any thoughts about what is coming? I'm trying to plan a month-long trip to India, but can't afford to get crushed with exchange rates the way I would in Europe these days. Safe, not safe?

Any information thoughts would be appreciated.

wonderwomanusa · Jul 18th, 2008, 02:57

The dollar-rupee exchange rate has fallen a bit less than 20% in five years. My old $10 hotel rooms may cast as much as $15 on the forthcoming viist ... that works for me.

skk · Jul 18th, 2008, 07:01

Hmmm, interesting problem - on the one hand elections are in the offing in India, govt debt is rising, inflation is rising and growth is slowing.

On the other hand, on the one hand elections are in the offing in the USA, govt debt is rising, inflation is rising and growth is slowing.

On the third hand,

My sense is its a wash, with a bias towards a deterioration of the US$ versus the Indian Rs. in the next 6 months - So, since I already have quite a few Indian Rs, I'm not converting any more right NOW to fund my spending during my visit in late fall.

Investment wise, or in terms of a product for implementing an anti-US$ strategy we have to see who wins the Indian election. If the current lot get in again especially the Finance Minister then its ok, otherwise, don't know.

But there are lots and lots of ways of implementing an anti-US$ strategy that don't utilize the Indian Rs.

-skk

Sama · Jul 18th, 2008, 08:45

currently app. 43 rupees = $1 US now. when I was in india in january 2008 it was about 37-39 rupees per $1.

so the 43R/$1 works for me.

Mickey S · Jul 18th, 2008, 13:39

Quote:

Originally Posted by dlesli

I'm trying to plan a month-long trip to India, but can't afford to get crushed with exchange rates the way I would in Europe these days.

Prices in India are so low for western tourists that the exchange rate is almost irrelevant. Once you're there you can spend almost as little (or as much) as you want.

Nick-H · Jul 18th, 2008, 13:44

Not for long. Inflation currently nearly 12%.

If you want cheap India, come soon; it's not going to be here for long.

ananda2193 · Jul 18th, 2008, 20:46

Until 2003, the dollar has always gotten stronger against the rupee for decades. In 2003 it was at an all time high of 50 to 1, then it started slowly going down. Last year it was at around 40 to 1 but now it is appearantly rising again and is at around 43 to 1 like Sama said. The odds are that it will continue to grow until the time you arrive.

dlesli · Jul 19th, 2008, 18:56

All - These are fantastic and well-thought out responses. I really appreciate it - India Mike Rocks!

Jul 18th, 2008, 01:52	#1
dlesli Member Join Date: Dec 2007 Location: dallas Posts: 22	Effect of U.S. economy on americans traveling in India A brief review of the exchange rate reflects that the U.S. dollar is holding on pretty strong against the Indian rupee. Is that what travelers out there are seeing? Any thoughts about what is coming? I'm trying to plan a month-long trip to India, but can't afford to get crushed with exchange rates the way I would in Europe these days. Safe, not safe? Any information thoughts would be appreciated.

Jul 18th, 2008, 02:57	#2
wonderwomanusa Maha Guru Member Join Date: May 2003 Location: Northern California Posts: 3,509	The dollar-rupee exchange rate has fallen a bit less than 20% in five years. My old $10 hotel rooms may cast as much as $15 on the forthcoming viist ... that works for me. __________________ The map is not the territory. --Alfred Korzybski

Jul 18th, 2008, 08:45	#4
Sama a pain in the asana Join Date: Mar 2005 Location: the India inside my heart Posts: 5,354	currently app. 43 rupees = $1 US now. when I was in india in january 2008 it was about 37-39 rupees per $1. so the 43R/$1 works for me. __________________ *My India, 2005-2008* BE THE REVOLUTION

Jul 18th, 2008, 13:44	#6
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 26,829	Not for long. Inflation currently nearly 12%. If you want cheap India, come soon; it's not going to be here for long. __________________ . Just one member of the IndiaMike Mod Team

Jul 19th, 2008, 18:56	#8
dlesli Member Join Date: Dec 2007 Location: dallas Posts: 22	thank you so much All - These are fantastic and well-thought out responses. I really appreciate it - India Mike Rocks!

Jul 18th, 2008, 07:01	#3
skk Maha Guru Member Join Date: Jul 2008 Location: Boulder CO, USA Posts: 517	Hmmm, interesting problem - on the one hand elections are in the offing in India, govt debt is rising, inflation is rising and growth is slowing. On the other hand, on the one hand elections are in the offing in the USA, govt debt is rising, inflation is rising and growth is slowing. On the third hand, My sense is its a wash, with a bias towards a deterioration of the US$ versus the Indian Rs. in the next 6 months - So, since I already have quite a few Indian Rs, I'm not converting any more right NOW to fund my spending during my visit in late fall. Investment wise, or in terms of a product for implementing an anti-US$ strategy we have to see who wins the Indian election. If the current lot get in again especially the Finance Minister then its ok, otherwise, don't know. But there are lots and lots of ways of implementing an anti-US$ strategy that don't utilize the Indian Rs. -skk

Jul 18th, 2008, 20:46	#7
ananda2193 Maha Guru Member Join Date: Oct 2004 Location: you essay Posts: 1,483	Until 2003, the dollar has always gotten stronger against the rupee for decades. In 2003 it was at an all time high of 50 to 1, then it started slowly going down. Last year it was at around 40 to 1 but now it is appearantly rising again and is at around 43 to 1 like Sama said. The odds are that it will continue to grow until the time you arrive.

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