Looks like INR is heading for a sharp depreciation against USD Any thoughts..?
When in the history of India have we not depreciated against the dollar
Also to quote our learned finance minister , rupee isn't depreciating, dollar is appreciating
😂The quote part I get it...But I guess it was quoted in this sense 'Dollar has appreciated means it was appreciated against all global currencies, It's not like dollar and all other currencies remained same and only INR has depreciated'
It's stabilised now, right? Most of the decline was in 2022, effects of the fed printing $$$
Time will tell🤷♂️ But when a Technical analyst looks at this chart, they will probably say, there is high probability that USD/INR will give a breakout and INR is going to depreciate a big time against Greenback
You give your thoughts. I think the war uncertainty was factored in last week. Now it'll just remain rangebound because the feds and India kept rates fixed.
I feel like INR will have the same fate as Turkish Lira, same pattern same consolidation. May not be as drastic as Lira but definitely I feel like INR is going to have a sharp decline in value against USD
Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.
My idea is funda...
What are you guys doing to over come the risk of US default?
What are the best apps to invest in US stocks from India. Long back tried IND money but they had very high withdrawal charges and some others. Whats the state now? Any decent apps? Please suggest
curious to know. I remember fiscal strategy was quite different from other countries during covid.
the government focused on infrastructure related expenses rather than direct benefit transfer.
Honestly, government ain't doing a lot but it's people who r hustling n boosting GDP. Govt. is just an enabler. ...
