INRUSD (Indian Rupee) About To Take Yet Another Fall. UPDATE!
Updated
As posted back on Jun 7 the INR was in trouble along with many other emerging market currencies that
could end up in a crisis. Since then INR has dropped -7%. (Though the Chart I posted before was a Monthly
not too dramatic) I am starting to see more and more signs that a crisis might unfold in the near future.
Caution!
could end up in a crisis. Since then INR has dropped -7%. (Though the Chart I posted before was a Monthly
not too dramatic) I am starting to see more and more signs that a crisis might unfold in the near future.
Caution!
Note
Easy MONEY!Note
A solid move lower As expected.Note
Indian Rupee has continued its devaluation as expected. It is being defended at the 0.012004 area by the central bank. A break below that we could see another collapse in the INR.Yet again we see the BRICs as being a silly fantasy that could lead to a currency crisis.
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