Hi Friends,
A quick update after a long time, almost after 2 months. Was busy with some personal & social works. May be regular by January 2012.
As mentioned in my 1st post of 28th August 2011 & in subsequent updates & as discussed with my clients, Rupee did broke its previous all time high level of 52+ & it is currently quoting at 53+ level. I hope those who have visited this blog or taken steps to my advice must have benefited.
According to me Rupee is still weaker to Dollar & yet to Top out. Current reading & data analysis suggest that we may see level of 54-54.25 in coming days & it may take a pause after that. Alternatively to show the strength Rupee must close below 52 level first & then to more down level. Please note the levels and take your decisions accordingly. We may review the things once any of the above levels are achieved.
A quick update on other aspects. In coming RBI meet on 16th Dec.2011, I do not expect rate cut in Repo or Reverse Repo or in CRR. I think they may take a pause to increase the rates. The Interest Rate is Not peaked up. Don't get fooled by Bond yield curve. The yield has dropped by other reasons & it is Not due to Rumor of RBI is going to cut the rates. According to my readings Inflation has yet to get in control. I doubt the Inflation figures declared last week by Govt. is true or its just to make fool 'Aam Aadmi' & just to make Feel Good. We all now know how incorrect the export data was announced earlier & now accepting the mistakes for earlier published Export Data by a long margin... !!!???
Crude & Gold are still not looking Bearish in Rupee term. Internationally Gold has dropped by 100 dollars but we are hardly seeing any effect due to Rupee depreciation.
Well that's all for now, more in coming posts. Till then enjoy the Rupee Ride.
A quick update after a long time, almost after 2 months. Was busy with some personal & social works. May be regular by January 2012.
As mentioned in my 1st post of 28th August 2011 & in subsequent updates & as discussed with my clients, Rupee did broke its previous all time high level of 52+ & it is currently quoting at 53+ level. I hope those who have visited this blog or taken steps to my advice must have benefited.
According to me Rupee is still weaker to Dollar & yet to Top out. Current reading & data analysis suggest that we may see level of 54-54.25 in coming days & it may take a pause after that. Alternatively to show the strength Rupee must close below 52 level first & then to more down level. Please note the levels and take your decisions accordingly. We may review the things once any of the above levels are achieved.
A quick update on other aspects. In coming RBI meet on 16th Dec.2011, I do not expect rate cut in Repo or Reverse Repo or in CRR. I think they may take a pause to increase the rates. The Interest Rate is Not peaked up. Don't get fooled by Bond yield curve. The yield has dropped by other reasons & it is Not due to Rumor of RBI is going to cut the rates. According to my readings Inflation has yet to get in control. I doubt the Inflation figures declared last week by Govt. is true or its just to make fool 'Aam Aadmi' & just to make Feel Good. We all now know how incorrect the export data was announced earlier & now accepting the mistakes for earlier published Export Data by a long margin... !!!???
Crude & Gold are still not looking Bearish in Rupee term. Internationally Gold has dropped by 100 dollars but we are hardly seeing any effect due to Rupee depreciation.
Well that's all for now, more in coming posts. Till then enjoy the Rupee Ride.
