Sunday, August 28, 2011

Indian Rupee vs US dollar

 The dollar rally in India you can say has started early. Or rather the INR has started losing its value earlier.

The expected values are as written. It might happen the dollar falls
for a little while again, but 43.858, has pretty much been established
as the floor. The dollar index also appears to be marking its time,
before a rally (see our other post). The INR it appears has started
giving ground, before other major currencies have. 



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