Comments on: Rupees Are Worth A Lot These Days

By: chitrana

chitrana — Thu, 28 Jun 2007 01:54:54 +0000

Good article in the Economist this week about the INR appreciation and what it all means:

http://www.economist.com/agenda/displaystory.cfm?story_id=9396854

By: MsCutePants

MsCutePants — Wed, 27 Jun 2007 08:07:40 +0000

Who would have thought! Razors indeed…

By: voiceinthehead

voiceinthehead — Wed, 27 Jun 2007 05:18:55 +0000

Don't forget a penny is now worth five cents.

By: Blue

Blue — Wed, 27 Jun 2007 01:16:20 +0000

At least rupees are still good for buying hearts, fairies, and those nifty swords that shoot lightning beams. ^__^

By: brown

brown — Wed, 27 Jun 2007 00:35:52 +0000

I think the 1:35 is a coin worth Rs 5 when melted and converted into blades, the pack of blades sells for 35 Rs. Atleast that is what my understanding was.

By: SkepMod

SkepMod — Wed, 27 Jun 2007 00:22:10 +0000

I stand corrected, stainless steel actually costs ten times as much, and would make the 1Re coin cost about Rs 1.4.

By: SkepMod

SkepMod — Wed, 27 Jun 2007 00:13:34 +0000

Something sounds wrong in this story:

Why don't the blades sell for the same amount within India? The 1:35 ratio mentioned surprised me. According to wikipedia, the US one-cent coin costs about 0.95c in metal and another 0.06c to make. So, we are approaching a similar inversion in the US, but 35 times??

Also, why isn't there a similar trade in 2Rs coins. I did some rough math. The coin is 6g of cupro-nickel. Copper is going for roughly 30paise/gram (3.3$/Lb). Nickel is far more expensive at about Rs 1.5/g. Don't know how much of each, but even if we assume its all copper, its approaching face value.

Is there something special about the "ferratic stainless steel"? The most expensive quote for steel I found was about $750/ton, which would make the 1Re coin cost about 0.15Rs in metal. Am I missing something here?

By: CR

CR — Tue, 26 Jun 2007 23:43:04 +0000

I see you're still refusing to talk about it, it's like the elephant in the middle of the room that noone is talking about.

Or...it...could be that they're taking a break because it's summer and they warned us about just that. If no one is talking about something, that's a great reason to start your own blog.

By: Amardeep

Amardeep — Tue, 26 Jun 2007 23:38:11 +0000

Come on, sepia mutiny, YOU HAVE to do a blog article about the indian couple who allowed their kid to do a C-section.

Might happen, stay tuned... Meanwhile, send us an email (or tip) with links to other places where it is being discussed.

By: Global Sanskrit

Global Sanskrit — Tue, 26 Jun 2007 23:19:54 +0000

Dinesh, it’s the 800 Lb gorilla.. (Shameless AXA plug)