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WEDNESDAY, NOVEMBER 25, 2009
Rupee gains as oil drops; fund flows eyed
Capital outflows worth a net $13.8 billion from Indian shares so far in 2008 have helped push the rupee down 21% against the dollar
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I think rupee will hold between 48.50 to 50.00 as 1)FII had withdrawn, are drawing and will withraw.2)Exports are decreasing marginally,Importsare not decrease marginally even fall in oil,3) Due to global slow down NRI funds and oversean Indian employee's funds will be effected.
Madhu
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