Finance, Forex and Investments

If India is country of slums, where should it be placed according to Happy Countries Index?

USA, UK and Canada also have large slums. Check this list of Happy Planet Index: India 53.0 United Kingdom43.3 Canada39.4 United States30.7 http://www.answers.com/topic/happy-planet-index http://www.happyplanetindex.org/ The Indian rupee has been among the most stable currencies against the US dollar compared to its Asian peers. Relatively low dependence on the US, and a lesser impact of rising global crude prices along with exchange rate controls, have prevented the Indian rupee from appreciating as much against the dollar as many other Asian currencies, said forex analysts. http://www.financialexpress.com/old/fe_archive_full_story.php?content_id=74800 The fifth and the sixth currency systems — managed float and full float — each account for 22 per cent of the world's currencies. Currencies in managed float are more stable than those in full float. The Indian rupee is the world's most famous managed float currency. The US dollar and the British pound are in full float. Currency stability is an issue that these floating systems have to reckon with. Their central banks are not charged with the responsibility of setting the strength. The currency markets set the strength. http://www.thehindubusinessline.com/bline/2007/02/24/stories/2007022400050800.htm Get ready for the Indian rupee - Forex - Futures Magazine http://www.futuresmag.com/Issues/2006/5/Pages/Get-ready-for-the-Indian-rupee.aspx

Public Comments

1. My Dear Pro Western countries think not at all ever about the poor countries,they know only how to squeeze blood of poor countries. Rich countries consider whole Asia is a big slum !