Friday, May 31, 2013

WILL RUPEE BREACH 60 MARK AGAINST USD IN NEAR TERM

This week rupee ended shop against USD as 56.49 and in the race to breach all time high of Rs.57.32. In may itself it gained more than Rs.2.50 after holding range between Rs.54 - 56 for More than 6 Months. Now question in front of us are as follows

1. What is the end road for this move? ( Will it breach Rs.60 mark in nearterm)
2. What will be the consequences for Indian Economy and Common Man?
3. Will old days ever return?