Showing posts with label rupee. Show all posts
Showing posts with label rupee. Show all posts

Wednesday, 4 July 2012

Amurica! F*** Yeah!

Happy Independence Day, everyone! People at work today were giving me handshakes and backslaps in respect to the good ol' US of A. Even my comrades from Eastern Europe granted me the indulgence of slamming the table and shouting "America!" at lunch.  I also made a fool of myself when a Slovenian girl offered me cake, and I knowingly chuckled "Aaah, for Independence Day?" It was actually for her birthday.

But dammit, I won't apologize for my patriotism! Everyone shoot off some fireworks for me!

Indian Rupee at Seven-Week High; "The Amazing Spiderman" is Dubious; And Other News

This was a cray cray week; I saw "The Amazing Spiderman" in iMax 3D. That night was significant because it also marked my first time truly getting "caught" in an Indian monsoon. We were stuck for about an hour in a small Wadala back-alley market -- with no electricity -- as the streets got more and more flooded and the imposing Indian locals inched creepily close.

But perhaps even more important: the Indian rupee is rebounding! According to the Wall Street Journal, it reached a seven-week high against the U.S. dollar yesterday. Now if only if the dollar can sink below that 53.79 rupees mark, I can REALLY celebrate this Fourth of July!

Oh yeah, by the way, the Amazing Spiderman was WeakSauce Malloy. I'm pretty sure they just rummaged through Sam Raimi's office trashbin for the storyline. My good friend Hipster Spiderman would be ashamed.




Monday, 25 June 2012

Moody's: India "Stable"

How you like them apples, Standard and Poor? Moody's noted today that the lower growth trends as of late are "unlikely to become permanent or even mid-term features of the Indian economy."

This is of importance to B.Doyle for two reasons:
1) The rupee (and thus, my paycheck) may not be doomed after all, and...
2) These next 11 months in Mumbai may have some economic growth meaning for the ol' career, aside from that intangible "experience" factor.

Of course, I'm not letting my hopes and dreams simply ride on the verdicts of finicky ratings agencies. No, I'm  much more comforted by this Business Insider slideshow explaining "Why Everyone is Freaking Out About India." Madness, illuminated.




Grow, damn you, grow!

Friday, 22 June 2012

Rupee Hits All Time Low...Morale at All Time High...

So the Indian rupee was in a hell of a free fall this week...as of a few hours ago, it hit yet another "all-time low" of 57.12 rupees to the American dollar. That's bad news for the millions of us who get our paychecks in rupees...and ostensibly even more demoralizing for the small minority of us who had the option of working for the good ol' American simoleon.

Thankfully, this unfortunate bit of news is the only annoyance I've had in an otherwise fantastic week. Every fellow worker I've encountered here is young, cosmopolitan, and educated. Case in point: on my team of seven analysts, at least three have MBA's, all are under the age of 30, all are well-paid, and all are extremely articulate on the unique economic and social challenges their country faces on the road to economic stability. Anecdotes may not speak as loud as statistics, but it's still hard to get down about a few inauspicious economic indicators when I see first hand the growth and excitement of business here. 


Worse comes to worse, I'll just start acting in Bollywood movies for some extra cash, maybe do some back-up dancing. I could show the guys below a meannn Harlem Shake...