The rupee is creating history, so is India. India had been in limelight in the recent years because of the multi million dollar mergers and takeovers. the peoople in India are crazy about the Stock Markets, but don know that the FOREX market is 100 times biger than the equities market. u wont beleive that the turnover of the forex market is more than 1.5 trillion dollars in a day..
The Indian Rupee is creating an history against the US Dollar. The rupee is trading at a nine- year high at 40.89(on 18-5-2007). The rupee is expected to further appreciate due to more and more dollar pumping in the country.
An important factor is that the dollar is comming in all the sectors and not only the equity market. The RBI not interventing is also an reason for the appreciation in rupee. But, in the end it is the impoters and expoters who are affected by such volatilen forex market and now it has been compulsory for them to hedge.
For any queries contact: japan_investmentsolutions@yahoo.co.in
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1 comment:
great job.. very informative..
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