Rapidly Retreating Rupee
The rupee has had a fast drop versus the dollar, moving from 44 to 44.7 in just a few days:
Perhaps these are the footprints of FIIs exiting the Indian stock market. Next stop: 45?
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GalaTime
A blog about Indian Capital Markets, by Kaushik Gala
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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