ravishingravi Posted July 24, 2013 Posted July 24, 2013 PM's 1991 Rupee brahma astra may boomerang to a junk rating http://economictimes.indiatimes.com/news/economy/indicators/pms-1991-rupee-brahma-astra-may-boomerang-to-a-junk-rating/articleshow/21289683.cms
CG Posted July 24, 2013 Posted July 24, 2013 US Fed might stop the stimulus next year so dollar is the safe heaven,but if usa gdp,unemployment figures are not up to mark expect rupee to bounce back to 55 levels.
EnterTheVoid Posted July 24, 2013 Posted July 24, 2013 Pretty soon, the rupee will hit the age of the finance minister. To think, the PM is an economist.
ravishingravi Posted July 24, 2013 Posted July 24, 2013 US Fed might stop the stimulus next year so dollar is the safe heaven' date='but if usa gdp,unemployment figures are not up to mark expect rupee to bounce back to 55 levels.[/quote'] If Fed stops the stimulus, you are looking at 66
randomGuy Posted December 16, 2014 Posted December 16, 2014 FIIs are booking profits in stock markets from past few days. Trade deficit nos. came yesterday - Significantly bad. US FED is going to start increasing interest rates. All currencies are depreciating wrt $ . My guess is Rs. will be allowed to go till 65-66. After that, it will stabilize between 62-64. Govt. has strong dollar reserves this time around. Govt. has to work on cutting the trade deficit.
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