Monday, June 25, 2007

Indian Rupee effect on Equity Market

Due to big Public offer of DLF, ICICI Bank & Vishal Retail, there was surge of Foreign funds in India. This in turn has strengthen Indian currency & very likely it will soon break the level of Rs.40/- against USD. Still some more big public issues are lined up. Watch out if you are long on USD against Indian Rupees.

In case of equity trader, using this benchmark work out which sectors will be benefited & which will be hit. Work out your plans properly before tornado hits you. Think & will get your answer what lies ahead in July series.

Take good care of yourself, your family & your money. Think hard, Think best & world is yours.

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