Exploring the Future Potential of AI-Enabled Smartphone Processors
Why inr did not weaken post cad numbers
1. Why INR did not
collapse post Ugly
Current Account
deficit numbers?
April 12 2013
Deepak Singh
Stateofthemarket.net
Twitter: smarket
2. Current Account Deficit
Oct-Dec Quarter Current Account Deficit peaked at 6.7%
There
was fear
of INR
collapse
post that
number
Reverse
happened:
INR
strengthened
6. Problem Self correcting
Fact: Current Account Deficit situation may not
worsen
The way Crude and There is no trigger
Gold has collapsed for INR to decline
gives a lot more looking at future
comfort to the Govt
7. What to watch out for
What’s the outlook for INR
But watch out Capital
INR may remain
flows…if FIIs start selling
lackluster
aggressively…it may
derail INR
Trade in 53-55 Band
A breakdown below 55
may trigger decline
8. Thank You
• Disclaimer - The state of the market presentation is Deepak's
perspective on the market. The presentation is purely for educational
purpose. Nothing contained herein is a solicitation to trade or a
recommendation of a specific trade. By reading this presentation you
agree to make no trade relying in whole or in part on the comments
of the writers
• Chart Source: Chartalert.com
• You can send me feedback at 2deepaksingh@gmail.com
www.stateofthemarket.net