Strengthening Dollar, Falling Rupee and Real

This entry was posted on Thursday, May 10th, 2012 and is filed under Cashew.

Volatile Forex is once again a big headache to the cashew sector. In next few days, there may not be any big news or moves in the international cashew trade as Indian Rupee and Brazilian Real are tumbling against the US Dollar and the world currency market has become unpredictable.

In India, activity is more in splits and pieces but W320 is steady; only higher grades are facing some consumer resistance.

Filed Under: Cashew