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Wednesday, September 11, 2013

INR back to 63 Vs USD....Did you followed the idea???

In one of my short note on INR spot dated 21st Aug with caption@ 
No more long in INR@ Shorting might be a good idea!!!

We categorically said that@
 
Currently INR spot at 64.40....I won't like the idea to go long further rather shorting might be a good idea in PARTS:-)
Shorting on every Rs 2/2.5 upside likely to be a good idea from now if Rupee depreciates further.

 Its an personal assumption. Always take your own decision.
I can go WRONG!!! (End)

 Anyone who followed the above idea of shorting on every Rs 2/2.5 upside have clearly gained out of it as on the higher side it went on to hit around 69+

 Today when this this message is posted INR spot trading around 63+ to the USD

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