Currency Articles General - INR will touch Rs 70 to the USD if RBI Hikes Rates

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27th June 2013

Currency Articles General Hi Promofree INR will touch Rs 70 to the USD if RBI Hikes Rates The Indian Rupee (INR) is trading at record lows of Rs 60.73 to the USD. Government bond yields rose to its highest levels in 45 days on the back of the weakening INR. Bond yields have risen by 50bps from lows seen over the last one month, tracking the INR that has depreciated by 10%. Bond markets are taking out rate cut expectations from yields as the RBI has indicated that INR volatility will be a strong factor in policy decisions. click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.