Currency Outlook USDINR EURINR GBPINR JPYINR

[sathis]

The Currency Outlook for the Week is provided in the following Link..

http://www.thehindubusinessline.com/todays-paper/tp-money-banking/rupee-under-threat/article7558915.ece

Rupee Hitting fresh Lows and getting back to Aug 2013 Levels.

 

[kiran rao]

for USDINR, we are seeing the depreciation in the currency due to the weak global cues like the slowdown in the Chinese economy and yuan's devaluation last week. it is affected s lot by the global factors like economic data, interest rate decisions, present situations and conditions in the indian economy as well. although, Fed may delay its interest rate decision weakening dollar but slowdown in the Chinese economy and low inflation is having much impact on our home currency. the USDINR pair has reached the level of 66.2 which is considered as the crucial level for the pair. till we see the global economic slowdown we can see the depreciation in the home currency.

 

[amit.patel26]

RBI wont let INR depreciate very much. I mean you only increase the risk of capital flight, with pressure mounting on RBI from the govt. on an interest rate cut, i dont see USD/INR crossing the 67 mark. plus with our CAD account looking good due to cheap oil and gold prices and also our Fx reserves too looking good, RBI has a firm grip on the matter, until and unless US raises interest rates in September or china devaluates again.

for JPY/INR
as long as there is more economic turmoil JPY should appreciate, finding safe haven bets, so it should be appreciating, if the dollar index makes a come back then JPY will depreciate against INR. Same goes for Euro..Euro and JPY found safe haven bets on the recent Black Monday downfall as people sold their profit positions in Gold and US Dollar to compensate for equity based losses.

 

[K. Srinivas Reddy]

Hi,

There is an interesting piece in INR which i read from Forextime.

http://metroindia.com/business/article/26/10/2015/unexpected-recovery-of-rupee-at-pause/19359


Hope this would throw some light on your query.:thumb:

Regards,

Srinivas