USDINR Ideas - Tranquility did not sustain (I told you so)

USDINR Ideas - Tranquility did not sustain (I told you so)

Ritesh Victor
15 Nov 2019 06:12 PM
As I write today, I am so tempted to exhibit “I told you so” syndrome. Well, at the beginning of last week (check my report USDINR ideas Ideas - Tranquility might not sustain), had indicated that the tranquility in rupee might not sustain and that market participants should not ignore risk management principals. In the next 7 working days, rupee weakened from 70.65 to 72.245 yesterday – a substantial decline of 2.25% in quick time.

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