Archive for the Indian Forex Category

W320 Towards $5/Pound : This Time Exporters should Thank Rupee Appreciation

Usually, exporters make lobbying for the currency depreciation. They earn more in the exchange market when their domestic currency decreases in value against the US Dollar. But this time the trend has reversed. Kernel exporters are getting more than proportionate increase in the unit price.  Indian origin W320 is moving above $4.90/Pound.

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Sensational Upswing in Raw Cashew but Sellers Also in Trouble

Sudden and spectacular jump in the raw cashew is certainly not in the interest of the Industry. When the Brazilian Real is plummetting and the Indian forex is also in uncertainty, both exporters and importers might face the cosequenceses of this kind of unnatural rise. – When the imported inventory arrives, releasing may become a […]

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Raw Cashew Charmless, Kernel Export Charmless

Global raw cashew buyers are cautiously watching the kernel market situation as there is no inventory shortage in Asia. Current weather conditions may favor a better harvest in Brazil, Indonesia and Tanzania. There is some noise in the Flores region of Indonesia but otherwise the raw cashew market is silent. Situation needs atleast 10% increase […]

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Finally, Indian Election Dates Announced

The cashew kernel market in India suffered in the last one month as the election dates were delayed against all expectations. However late, the election dates (April 7 – May 12) are now announced. As this month marks financial year end, the market may remain the same till the end of March. The election period […]

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Indian Forex Reserves May Improve in Coming Weeks

Huge fall in global crude price is highly favorable to the Indian economy. The Indian crude basket still stands at $106 but it might decline by 12-15% in coming weeks. The cost of imported goods is also reducing due to Euro zone crisis. This will foster the development of Indian Forex reserves and will also […]

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Save Indian Cashew, Save Real Taste (1)

Cashew industry is now a big Forex loss to the Indian treasury and the farmers are crying for an import ban. “Why the Government supports this much Forex loss? Why there is no import duty, no Vat or no APMC Tax on raw cashew imports? Why the Indian farmer should suffer Vat, APMC and permit […]

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Political Compulsions and Forex Market

Nowadays, strength of the currency reflects the strength of the economy. Continuous slide in a currency results in stock market crash and spreads uncertainty in import-export as well as in each and every trade/service activities. It will also diminish the global image of the country and public image of the ruling party. Indian Government should […]

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Strong Currency Attracts Global Attention and Investment

During the time of steep Rupee depreciation and interest rate hike in India, we wrote many small articles criticizing these moves. Certainly these steps have helped contain the rising inflation – but at what cost? Advanced globalization or new economy does not recognize these steps as did the old. Interest rate hike reduces the money supply and […]

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Cashew Steady, Eyes on Indian Currency Movement

Indian Rupee value is now the deciding factor for the global cashew market. Both the raw cashew and cashew kernel prices are ruling steady with negligible trade volume as bulk activity in import- export trade needs a stable Forex market. There is some sort of guarantee, mainly from the very high forward premium for the Dollar in […]

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Strong Recovery in Rupee and Real

Though the US  Dollar is firm in the currency market, there is no pressure on the Brazilian Real. Indian Rupee is still under pressure due to steep fall in its Forex reserves but the fluctuation is now only momentary and the upward move is very strong and continuous. Some confidence building steps by the Reserve […]

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