The rupee crossed 63 to a dollar again as discussed in our USD INR Forecast. This should not be surprising given that the demand for dollars is much more than their supply. So now question lies Can Rupee touch 65 in medium term. Let me answer the question for you talking on both Fundamental and… Read More »
As discussed INR hit all time low against USD so lets analyze how will falling rupee affect the budget and personal finances of common man. Here’s how a weak rupee will affect “Aam Adami” 1. Increase in Petrol and Diesel Price: Indian is largest importer of crude oil. With Rupee trading at all time low due to bad economy… Read More »
As Discussed on 13 May :At last INR reaches our target of Rs 60. Lets analyze USD INR technical for coming week, do we have more steam for the rally to continue further. USD INR 4 Hour Chart USD INR 4 hour chart as per Gann Grid looks like topping out formation in near term.… Read More »
At last INR reaches our target of Rs 60 makes a high of 59.94 as discussed on 13 May Post. Technically we achived the target but what are the fundamental reasons which are driving Rupee price lower each passing day. Dollar got Boost from FED Decision The Fed said on Wednesday that it expects to… Read More »
As discussed last week post USD-INR will it hit all time low, Weekly forecast USD INR achieved all target above trend deciding level.Lets analyze USD INR technical for coming 4 days after rupee opened at a record low on Tuesday USD INR 4 Hour Chart USD INR 4 hour chart is trading at… Read More »
Dollar trading at 3 year High As discussed US Dollar at 3-Year High USD has touched its 3 year High at 84.3, US stock market are at life highs,Strength in USD indicated recovery in US economy, We have seen a slew of data indicating the same. Housing Market is recovering, Job situation is improving which… Read More »
As discussed INR hit all time low against USD so lets analyze how will falling rupee affect the budget and personal finances of common man. Here’s how a weak rupee will affect “Aam Adami” 1. Increase in Petrol and Diesel Price: Indian is largest importer of crude oil. With Rupee trading at all time low… Read More »
Indian Rupee breached its all time low of 57.32 and made a new all time low at 57.87. Disappointing data from China and slightly better-than-expected US jobs data have put more pressure on Rupee. The rupee has been falling sharply since the start of May on concerns that the U.S. Fed may withdraw its monetary… Read More »
Rupee breached the sacrosanct 57 mark in today’s trade which was last seen on 28 June 2012 plunged almost 5% for the month of May. Rupee is very near to its all time low of 57.32 Reason for Rupee Hitting 52 Week Low 1.Dollar trading at 3 year High As discussed US Dollar at 3-Year… Read More »
As discussed last week USD INR achieved all target above trend deciding level 56.USD is very near to ots life time high of 57.28 and any close above 56.75 will lead towards the life highs. Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart has closed… Read More »