tag:blogger.com,1999:blog-4985507920781384945.post1317371413944539206..comments2024-03-27T21:22:19.883+05:30Comments on InvestorZclub: Dollar Index - Outlook 2013Amit Agarwalhttp://www.blogger.com/profile/17507490232990482319noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4985507920781384945.post-46928626096479576302013-02-21T13:55:34.109+05:302013-02-21T13:55:34.109+05:30As explained in the post titled USD INR Outlook 2...As explained in the post titled <a href="http://www.investorzclub.com/2013/01/rupee-inr-dollar-usd-outlook-2013.html" rel="nofollow"> USD INR Outlook 2013 </a>, INR was looking overbought given the economic setup then and was about to reverse the move from 53 levels.<br /><br />INR today hit 54.40 partly due to dollar index appreciation and partly due to India's own CAD and trade deficit situation. It must be noted that more than 2% of correction has happened in INR inspite of more than $7 billion of FII inflow which is very disturbing.<br /><br />There is a major risk of INR going back to 57 levels in couple of months in case foreign funds dry up and there is further slow down is western world triggering a slow down in export.<br />Amit Agarwalhttps://www.blogger.com/profile/17507490232990482319noreply@blogger.comtag:blogger.com,1999:blog-4985507920781384945.post-14115844609834170442013-02-21T09:32:15.751+05:302013-02-21T09:32:15.751+05:30I have been watching dollar index since you recomm...I have been watching dollar index since you recommended it at a 79.8, it went a little down to 79.5 and then bounced back to 81.2 levels thereby making INR weaker against USD as explained above.<br /><br />Thumbs UpJohn Doodyhttp://www.goldstockanalyst.com/noreply@blogger.comtag:blogger.com,1999:blog-4985507920781384945.post-21411402807695863762013-01-27T16:29:21.440+05:302013-01-27T16:29:21.440+05:30Very well written and explained... Dollar had a ba...Very well written and explained... Dollar had a base of 100 when the dollar index was created in 1973 and since then it had lost 20%. Further fall against the currencies on the other side of the equation seems unlikely...<br /><br />xforexhttp://www.xforex.comnoreply@blogger.com