Tag Archives: Foreign Exchange

Indian Rupee Revisited

Posted on November 19, 2008 by Ramki

On October 21, soon after we saw calls for the Indian Rupee at 57 to a dollar, I suggested we could be heading the opposite direction, towards 45.25. The idea was based on the Elliot wave view that after a 5th wave extends, we should get a sharp reversal down to the 2nd wave of the 5th Continue reading →

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Will INR go to 57 per USD?

Posted on October 21, 2008 by Ramki

I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to read it carefully. Continue reading →

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