Political Compulsions and Forex Market

This entry was posted on Tuesday, January 31st, 2012 and is filed under Cashew, Indian Forex.

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 continue currency appreciation, till the Rupee tests 44-45/Dollar, and it should be fast.

Filed Under: Cashew, Indian Forex