The world is the most unpredictable place. Especially with a continuous change in motion, the position of any country can’t be counted as the stable position. Talking about the development process of any of any country is totally dependent on the development of the currency of its country, how the country is actually growing in different aspects with different growth factors taking place.submitted by bookmyforexgurgaon to u/bookmyforexgurgaon [link] [comments]
For instance, the growth of health conditions in the country how poor or good they are, the quality of education in the country, the rate of employment or moreover the poverty line of the country. All this depends on the value of the currency the country has, the better the currency, the better the country is.
Talking about Rupee, the situation since 1945 till now is never a stabilised one. The rupee has only tangoed all this while, deliberations on the amount of debts have just grown intensely. However, when it comes to the growth of Rupee, you’ll find nothing. Although, the past few months have been ever growing for the Rupee, one can’t ignore the fact that the fluctuations were terribly high and still are.
Thus, when the condition of the rupee is itself in a concoction, how can one expect to have a constant growth in another domain or field. Another reason one can find is the constant fluctuations in the Euro Exchange rate for the global markets that have their business standards quite trembling too. The impact of this tremble is quite visibly witnessed by many.
As known the Indian Rupee depends on the USD for its trade growth and economy development, not to forget the constant fluctuations in the Crude Prices and the Hiking highest of the Brent shows a constant change and no possible stability due to the Waiver take off by the US due to Trump’s decision can largely impact the world.
Imagine if Indian Rupee has touched an all-time low, one’s immediate reaction is to worry about the inflation and the negative impact on the finances. Stock markets have reacted negatively as foreign investors are pulling money out of emerging markets including India.
The investments will be depleted on the condition that all this will be gorged in a different shape. No high value of Rupee will result in no returns for your investments because the value of the rupee has changed totally.
As an investor, an important skill is to have an ability to connect the dots. This applies to your personal finances too. Being aware of the implication of economic developments on investments can not only help save money but also seize opportunities.
The investment of an investor depends a lot more on the fundamentals of a country and the movement of the country’s currency based on its fundamentals. While looking at our fundamentals we stand tall over them as one can see that there is no rise in the overall debt (excluding the corporate debt & NPAs.)
For instance, the daily forecast that is published on BookMyForex for every currency can help you in taking your decision in a better way. Here’s today forecast for your reference:
22 April 2019: The rupee had opened with a positive gap at 69.46 regaining through the day touching a high of 69.6175 in the afternoon. However, the strong dollar sales in the last 30 minutes allowed the rupee to later close at 69.34. The rising crude prices confuse the rupee’s recovery. Brent broke above $74.00 mark today amidst the speculations coming from the US that Trump is to discontinue the waivers on buying Iranian Oil. Situations are tough for any forecast on Rupee as there will be no political and economic decisions taken to combat the crude price hike until the election results are out by May 23rd.
Both fast paced global events and elections round the corner, have accelerated the journey of rupee on a rollercoaster already. Whether this ride is going to make rupee touch the mark of 75 this year or not, is the crucial question being addressed ahead.submitted by bookmyforexgurgaon to u/bookmyforexgurgaon [link] [comments]
US President Donald Trump is consistently bringing protectionist policies for US, creating a stir in the emerging markets already. Trade tensions continue to escalate and hurt rupee. What further troubles is the Brexit uncertainty, making dollar exchange a magnet to money from all around the world. This is making the dollar stronger and thus it is no good news to the Indian currency.
It is generally witnessed that private companies tone down their investments in the election year and thus the balance of payments do not recover. Further, if the current account deficit is further widened, the downfall of rupee is certain towards the end of the year.
The world's largest democracy and a fast paced emerging economy is heading towards election and this is when the currency is bound to get affected. India has been witnessing a stable economy under the current government who had a sweeping majority. The idea of a coalition holding chances to gain power brings the concept of uncertainty. Markets do not prefer the uncertainty that couples well with coalition.
Election months also bring popular campaign methods as the forerunner, paving the way for inflation ahead, the factor which works well against rupee and will definitely escalate the dollar exchange to the feared 75 by the end of 2019.
Moving ahead, it is important to understand the effect of the expected depreciation of rupee against dollar. Depreciation of the rupee will change the dynamics of the crude oil import bill. This will further trigger many other problems. The game play of rupee depreciation and inflation is yet another consequence of foreseen steep increase in dollar exchange.
In the scenario of steep depreciation of the rupee, the RBI may hike the regulatory interest rates and that will in turn impact the investment and expenditure consumption negatively. Thus it is a clear no win situation for rupee if predictions and estimates about dollar exchange at 75 hold true.
To book forex, this rollercoaster ride of rupee against dollar can be a tedious task. It will be difficult to decide which day will be the best one and which price is the lowest. At BookMyForex, we get you sorted here.
CARACAS - Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to "Free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.
Maduro was refering to Venezuela's "DICOM" official exchange rate in which the dollar buys 3,345 bolivars, according to the central bank.
At the strongest official rate, one dollar buys just 10 bolivars, but on the black market the dollar fetches 20,193 bolivars, a spread versus the official rate that economists say has fostered corruption.
A thousand dollars of local currency bought when Maduro came to power in 2013 would now be worth $1.20.
"Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar," Maduro said in an hours-long address to a new legislative superbody, without providing details of the new mechanism.
"If they pursue us with the dollar, we'll use the Russian ruble, the yuan, yen, the Indian rupee, the euro," Maduro said.
Dollar to Rupee Forecast, USD to INR foreign exchange rate prediction, buy and sell signals. The best long-term & short-term USD/INR FX prognosis for 2020, 2021, 2022 ... Listed above is a 100 US Dollar to Indian Rupee chart of historical exchange rates relative to the US Dollar to Indian Rupee, at present the most widely traded currency in the world. The exchange rate in the 100 USD to INR chart represents the value of 100 US Dollar to Indian Rupee in another currency. An exchange rate between two currencies fluctuates over time. In finance, an INR to USD exchange rate is the Indian Rupee to >US Dollar rate at which Indian Rupee to US Dollar will be exchanged for another. It is also regarded as the value of INR to USD in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... In finance, an USD to INR exchange rate is the US Dollar to >Indian Rupee rate at which US Dollar to Indian Rupee will be exchanged for another. It is also regarded as the value of USD to INR in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... In finance, an USD to INR exchange rate is the US Dollar to >Indian Rupee rate at which US Dollar to Indian Rupee will be exchanged for another. It is also regarded as the value of USD to INR in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for ... On August 19, 2020 the Official USD to INR Exchange Rate: Close: 1 USD = 74.968 INR. Best: 1 USD = 74.986 INR. Worst: 1 USD = 74.576 INR. Today's Live US Dollar to Indian Rupee Spot Rate: Convert 1 US Dollar to Indian Rupee. Get live exchange rates, historical rates & charts for USD to INR with XE's free currency calculator.
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