Don’t get your Dollars in a Twist

Those betting on dollar rupee depreciation and gaining the losses in the amrkets thru its direct correlation on Dollar value would be sitting pretty without portfolio losses but unless bthey actually exit cross movements as the Euro stays nose down, ithey will not really benefit fromt he trade of sell nifty buy FC. The Euro is already down 4% since the ride started and as we pointeds earlier someone is happy that indian currency markets are shally espo in Non Dollar currencies. 


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