Take a look how we navigated you correctly about USDINR!
The well-respected Reserve Bank of India (RBI) has been active in fx markets.
This gives us a flashback to Turkey's Central Bank, when they sold fx reserves to keep the currency. We all know that it ended badly and things usually escalate fast.
Keep your eyes on USDINR, as we expect it will soon break out.
The well-respected Reserve Bank of India (RBI) has been active in fx markets.
This gives us a flashback to Turkey's Central Bank, when they sold fx reserves to keep the currency. We all know that it ended badly and things usually escalate fast.
Keep your eyes on USDINR, as we expect it will soon break out.
