Discuss Rupee and FIIs at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; If the Rupee goes to 40 and the FIIs have invested at 44 ...they make ...
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If the Rupee goes to 40 and the FIIs have invested at 44 ...they make 10% and with the Dollar Oversold it has only room to go up. With appreciating Dollar we can see the Rupee Surge to 42 area. Is this a 5% appreciation the Fiis are willing to take a chance on ? Does not seem like.
The initial target for Rupee is 38.
We might see some major offloading by Fiis at this level.
As beyond that the Rupee might go back up again to 44 levels.
.....No one wants to invest in Dollars today. But than we have approached Historic levels. Hence a Reversal is imperative. The strength in Dollar will come when the Democrats replace the Republicans in the US.
Usually the Democrats bring Bearishness as they are more prudent than the Overspending Republicans. If we go by this ....November might decide by January 2008 what policy changes will affect the World Stock Markets......
What will go up with Democrats in Power?
Alternative Energy and Stem Cell Research Companies.
But coming November the Rupee will again be weakning.... Will the Fiis pull the plug than ? I guess Keeping the above factors in mind......
What does this mean for Information Technology companies...... we might just be seeing a 5 month downturn....but after that it will be booming again.
Hence watch your Rupee
God bless
Max
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28th July 2007, 12:26 AM
Rupee and FIIs
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