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Last night after the USA Data , there were violent moves in all reverse directions in cross currencies


Last night after the USA Data , there were violent moves in all reverse directions in cross currencies. .Dollar Index @ 96.75, EURUSD @ 110, & USDINR was quoted 61.93. Oil markets were closed due to good Friday,

As per the data we will have probably wait more for any kind of rate hikes in USA. As Jannet Yellen had perfectly said she will rely more on data. ..also RBI will take a view on this and rethink how to move ahead forward on April 7th credit policy. The key concerns for RBI would also be inflation and also unusual weather affecting monsoon...but as per Dr Rajan who again decides on data, Data is supportive..lower Crude prices will also play a key role.

This would be again a challenge for all exporters who have took a major hit on cross currencies fluctuations. .going ahead..60.40 and 62.6 are expected demand supply zones..... wishing good luck for all Importers


{April 04,2015}




























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