> and $1 = 70 rupees. Your purchasing power suddenly increases by 70 times. Don't want to be a snob, but $1 = 70 does not mean that the purchasing power of the

> and $1 = 70 rupees. Your purchasing power suddenly increases by 70 times. Don't want to be a snob, but $1 = 70 does not mean that the purchasing power of the dollar is 70 times. Purchasing power is related to the services and goods you can get. Eg: For $1, you can get a single nissan noodle bar in the US. For Rs70, you get around 7 maggi noodle bar's in India. In this case the purchasing power of the rupee is 8 times that of the USD.