Originally posted by Prad Bhat:
Very soon 1 USD= 35 INR.
Originally posted by Arjun Shastry:
I doubt this Rupee control is in solely RBI's hand.One reason told by (one stock broker) is large capital foreign investment is being made by foreign investors.
Originally posted by Chunnard Singh II:
I don't know if the RBI is actually buying up dollars(I know China does do this)
Originally posted by Chunnard Singh II:
Why would the Govt. be buying up dollars when its sitting on the biggest $ reserve in history. It should start looking into buying other currencies since the $ is losing so much. The problem gets worse when NRIs remit their dollars here. There is just too much $ in the market. The strong rupee too is really artificially maintained so as to help the poor. Unfortunately its hurting exports big time.
Originally posted by Manish Hatwalne:
Then why is that US government is allowing free fall of USD? It seems this is what they want - but I am unable to understand the motive behind this?
Someone care to explain this?
Originally posted by Anoushka Sharma:
I have invested in some MFs via SIP and am running a decent profit on those. Considering the sensex is probably nearing its peak, should I sell and book the profits or should I remain invested?