Download - Why inr did not weaken post cad numbers
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Why INR did not collapse post Ugly Current Account deficit numbers?April 12 2013
Deepak SinghStateofthemarket.netTwitter: smarket
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Current Account Deficit
Oct-Dec Quarter Current Account Deficit peaked at 6.7%
There was fear of INR
collapse post that number
Reverse happened:
INR strengthened
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Current Account Deficit Problem
Two Big Problem Items
CrudeGold
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Brent Crude: Dramatic Decline
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Gold: Dramatic Decline
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Problem Self correcting
Fact: Current Account Deficit situation may not worsen
The way Crude and Gold has collapsed
gives a lot more comfort to the Govt
There is no trigger for INR to decline looking at future
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What to watch out for
What’s the outlook for INR
INR may remain lackluster
Trade in 53-55 Band
A breakdown below 55 may trigger decline
But watch out Capital flows…if FIIs start selling
aggressively…it may derail INR
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Thank You
• Disclaimer - The state of the market presentation is Deepak's perspective on the market. The presentation is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this presentation you agree to make no trade relying in whole or in part on the comments of the writers
• Chart Source: Chartalert.com
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