Successfully predicted Huge market moves in advance through application of technical analysis Sometimes, the market just won't cooperate with our intentions and wishes. In today's market we may have made good decisions on what to own, but the patience required in order to realize some positive results can be many months away.
About Me
- Edwin Dsouza
- Mumbai, Maharashtra, India
- Focusing on Treasury-Forex, Commodities, Trade Finance,Equity and International Stock Indices.I have been in Treasury and Forex since 1995.
Friday, May 11, 2012
Rupee Forecast
Dear All Rupee has moved into uncharted territory, looks upside with a stop loss of 52.20 for a target of 56 to 58 within 6 to 8 months time.Since beginning of March Rupee depreciated by 10% against the USD, the RBI uncomfortable with the Rupee depreciating at faster pace and has asked exporters toconvert half of their balances in the exchange earner's foreign currency (EEFC) account to rupees. Widening current account deficits and inflationary pressures are still there
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