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March 9, 2014

Sign of times: People taking rupee cover :)INR:USD ANALYSIS -WWW.NIFTYVIEWS.COM

Dear friends,
                 Not so long ago INR: USD was about to reach the exotic position of 69.Having avoided that level and with a few bang bang moves by the governor we have retraced back to 61.

Here is an interesting article i came across today

http://www.business-standard.com/article/companies/hospira-takes-rupee-cover-for-orchid-114030700242_1.html

Buyers of Indian assets are becoming nervous due to appreciation of INR:USD


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