Macronomics: The Rupee Surprise

Comments Off Written on March 13th, 2014 by
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Here’s a quick summary post on the macro factors that seem to have driven the rupee rise.

The Rupee Breaches Rs. 61

We’re seeing some serious strength in the Rupee, with it breaching below the Rs. 61 mark against the dollar. This is a key technical point and the dollar has fallen below it’s 200 day moving average.


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http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@gmail.com.