[Safe Forex Trading System] Rupee Collapse an Unnecessary Scare The rupee is likely to keep strengthening
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Ravi
On Fri, Apr 12, 2013 at 12:14 PM, Anish Poojara <anish.poojara@gmail.com> wrote:
Mr. Srivastava,You are right.But so far the urban areas are not paying unusual rates.20 years down the line the rascals may ask us to pay Rs. 100/- per litre.Regards,anish poojara--On Fri, Apr 12, 2013 at 12:07 PM, LM Srivastava <lalitmohan_srivastava@yahoo.co.in> wrote:
--Dear Mr. AnishThey have already captured water. Wait for them to capture air.LM Srivastava----- Original Message -----From: Anish PoojaraSent: Friday, April 12, 2013 11:36 AMSubject: [!! SPAM] Re: [ISG:320317] Rupee Collapse an Unnecessary Scare The rupee is likely to keep strengtheningElections are round the corner (max 12 months).All politicians will bring their black money stashed abroad for this purpose.They will bully the RBI into letting the In Rs weaken so that they get more Rs. for their $.This in itself will cause the Rs. to weaken towards the end of 2013.Besides every year 50,000 to 1,00,000 crores of public money is looted. Half of this goes into land and half goes out of the country (by purchasing $ and thereby weakening the Rs.).Any improvement in the Rs. should only be viewed as a short term issue.With corrupt politicians like ours the Rs. and our country can only depreciate.And wait till they "capture" the water.anish poojara--
On Fri, Apr 12, 2013 at 10:12 AM, Kukku Picks <kukkuster@gmail.com> wrote:
Rupee Collapse an Unnecessary Scare
The rupee is likely to keep strengthening
A new scare is haunting the markets, with several brokerages reporting a likelihood of the rupee touching 60 to the dollar. This looks rather unlikely and economic agents would be well advised not to give in to irrational fears. The rupee has actually been strengthening and, with fiscal correction on course, reining in inflation and the external deficit, the trend is only likely to continue.
The real effective exchange rate (Reer) of the rupee has been moving up after November. From December to March, it has moved up from 104.56 to 106.40. This is the six currency trade weighted index with 2010-11 as the base. The trend is similar for the index with 2004-05 as the base. The Reer captures the effect of both the external deficit and inflation. This suggests that the current account deficit has improved significantly in the last quarter of 2012-13, bringing down the deficit for the year as a whole. The Asian Development Bank estimates the deficit to be 5% of GDP, not the most comfortable figure, admittedly, but certainly far less alarming than the deficit numbers of the first three quarters. If the government brings in someone with a modicum of intelligence to head the food ministry, food grains will cease to push up inflation, containing inflation as well. With clearances
picking up definite steam, investment activity can only rise, pushing growth up. But what of the effects of robust US growth?
Just as capital fled to safety back home when things went bad, even from emerging markets that were still holding up, revived confidence should embolden funds to move out of the US again, from safe but low-yielding gilts to riskier assets including emerging market equity. And reviving US growth should boost both Indian merchandise and service exports to that country and to countries like China that supply the US. Ongoing fiscal correction, a likely stronger current account and reduced risk aversion of US-based funds should all combine to help boost the rupee, not push it down.--
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