I said a rupee value of 82 was not necessarily a bad thing, and that the US was too far away to matter for everything except dollar-denominated commodities. I speculated that if the trend continued, large companies might have to relocate out of the US to remain competitive. The post did not specify which trend it meant, and the linked material is not available here. This relates to india s trade deficit and outlook and india s shrinking foreign exchange reserves.
I mentioned a rupee value of 82 when discussing the possible economic implications of the currency trend.
I argued that a cheaper rupee is not good for India when we import more than we export, and said that globally the rupee had not depreciated more than most currencies on a relative basis. I called it ironic that the “most reckless fed” had the strongest currency, and asked when and why that situation would change. I gave no answer or supporting figures. This bears on india s trade deficit and outlook.