The Rupee fell to an exchange rate of 62.91, which is nearly the lowest rupee value in the year after a few odd days in early Jan. This is a secular move across all currencies. In Jan 2015, the dollar went up against all other currencies and that’s why the rupee fell. This time, it’s not so = check out the upward move in the last few days across every single currency, meaning they have appreciated against the rupee: Check out Capital Mind Premium! Get In-Depth Macroeconomic Analysis, Market Metrics, Proprietary Capital Mind Indexes, a look into the CAPM Portfolio and More Actionable Insights, straight to your Inbox. Take a 30-day Free Trial! 10 Day Cumulative FII Volumes Are At A Low Foreign Investors are selling. Both debt and equity, it seems. Instead of looking at daily data, which is very squiggly, we add up data for the last 10 days and we can get the total amount invested in the past 10 days, as a rolling window.… (Read On…)
[via Capital Mind]
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