Weekly Monthly seems to signalize a price for a number of shorts.
Short @ 55.35, Target 50.00
Weekly Monthly seems to signalize a price for a number of shorts.
Short @ 55.35, Target 50.00
Indian currency is going down with regard to US dollar. Currently, 1 US dollar is between 55 - 56 Indian rupee.
NR strengthens 0.2%, most in a week, to 54.7475, before RBI policy, INR's 1-month implied volatility up 18 bps to 10.225% , 12-month forward fall for 4th afternoon, dropping 0.1% to 57.91 1-year IRS slip to 7.6250% from 7.6300% yesterday; 5-year contracts grow to 7.130% from 7.125% , 10Y flat at 8.143%
Which broker you guys are using for this pair and interest rates becoming a week or day?
Bearish on INR is SEBI if bank does not cut rates. Falling crude oil will further bring down INR/USD
I'm expecting it to be between 57-53 for another 6-7 weeks....anyway it won't come down that is my analysis...
Because govt. Is not introducing any reforms except talking.Foreign investors have taken 500million dollars last april and they won't arrive back until india indies some expansion in private industry...
still a long way to go. . .at present lets get used to the new foreign exchange rates...