Comments on: The US $ at Rs. 43.50 by March 2009, would you believe this to be possible? http://blog.sbispat.com/2008/10/the-us-at-rs-4350-by-march-2009-would-you-believe-this-to-be-possible/ Steel Industry News Sat, 04 Sep 2010 17:21:40 +0000 http://wordpress.org/?v=2.6.2 By: Dharmesh Shah http://blog.sbispat.com/2008/10/the-us-at-rs-4350-by-march-2009-would-you-believe-this-to-be-possible/#comment-35 Dharmesh Shah Fri, 17 Oct 2008 06:08:14 +0000 http://blog.sbispat.com/?p=11#comment-35 No. I am not so optimistic. The financial meltdown is too severe. The INR can only appreciate when there is substantial dollar inflow through the FIIs. For this to happen, the world markets will have to get out of their own internal mess prior to investing in emerging economies. We should not expect much upswing until March 2009. My guess is the INR will be between 46.50 - 47 during that period. No. I am not so optimistic. The financial meltdown is too severe. The INR can only appreciate when there is substantial dollar inflow through the FIIs. For this to happen, the world markets will have to get out of their own internal mess prior to investing in emerging economies.

We should not expect much upswing until March 2009. My guess is the INR will be between 46.50 - 47 during that period.

]]> By: Nirav mehta http://blog.sbispat.com/2008/10/the-us-at-rs-4350-by-march-2009-would-you-believe-this-to-be-possible/#comment-33 Nirav mehta Tue, 14 Oct 2008 08:34:56 +0000 http://blog.sbispat.com/?p=11#comment-33 balance of trade and balance of payment are the major factors affecting the dolloar : Ruppee ratio......... Considering the global economic crunch, the Ex-Im transactions are also affected........which shall inturn affect inflow of dollars in the country..... Bullion ( GOLD ) touching 14K itself makes us aware of the disturbance in Blance of payment with RBI n ECB........as gold being the only exchangeable commodity against foreign payments.............. considering the upcoming lok sabha elections in March, certaily there shall be improovement in the economy for the congress to get reeclected....... Hence, I feel around March'09, dollar shall be anywhere around Rs.45 levels. balance of trade and balance of payment are the major factors affecting the dolloar : Ruppee ratio……… Considering the global economic crunch, the Ex-Im transactions are also affected……..which shall inturn affect inflow of dollars in the country….. Bullion ( GOLD ) touching 14K itself makes us aware of the disturbance in Blance of payment with RBI n ECB……..as gold being the only exchangeable commodity against foreign payments…………..
considering the upcoming lok sabha elections in March, certaily there shall be improovement in the economy for the congress to get reeclected…….
Hence, I feel around March’09, dollar shall be anywhere around Rs.45 levels.

]]> By: ARUN BHAT http://blog.sbispat.com/2008/10/the-us-at-rs-4350-by-march-2009-would-you-believe-this-to-be-possible/#comment-29 ARUN BHAT Wed, 08 Oct 2008 04:11:35 +0000 http://blog.sbispat.com/?p=11#comment-29 MY VIEW IS USD AT RS 45 LEVELS MY VIEW IS USD AT RS 45 LEVELS

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