Rupee is flexing its muscles against Dollor
If you've been the long drawn fisticuff between the dollar and the rupee you know this already It is six pack season and the rupee is flexing its muscles like SRK in OSO. In the recently concluded Indian Economic Summit, Gerard Lyons, chief economist & group head (global research), Standard Chartered Bank said, "The rupee we maintain its unrelenting march and possibly climb to Rs 30 to a dollar in the next five years." But not everyone is swooning. And this bit of news has not come easy to the foreign tourists who prefer paying in dollars. A couple from Texas, Beth and Tim Warner went to Agra to see the Taj Mahal and were surprised when they were asked to pay in rupees, as they knew they can pay in dollars. Until now, foreign tourists to sites like the Taj Mahal have had the option of paying in dollars or rupees. They had to pay Rs 250 per head to enter the mausoleum. "The ruling is aimed at safeguarding tourism revenues, following the recent fall in the dollar,...