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USDINR UPDATE


With this move we see US Dollar Index at 97.6 at present and EUR/USD at 1.0875...Crude and Brent are stable as of now...USDINR at present is quoting 62.83 overseas...so yes in short term we are little ahead of time for USDINR  to reverse and we will play a defensive game as and when we think the time is appropriately poised to hedge Dollars against our open positions...however since we have 2 negative monthly closes for USDINR  for Jan and Feb our view hasn't changed for medium to long term for appreciation in rupee.

U.S. stocks, bonds fall on robust jobs data, dollar rallies - http://mobile.reuters.com/article/idUSKBN0M204W20150306?irpc=932


{06 March 2015 }




























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