POSITIVE ASPECT
Heavy inflow in Corporate as well as Government Bonds.
Indian Forex Reserve touch highest levels $427 Vs $426 Billion.
Fiscal Deficit Target 3.3% for FY 2019 - 2020.
CONCERN
After better USA NFPR Dollar up side again as well as oil getting some momentum.
RBI regularly buying dollar.
Emerging currency weaker.
Hike duty on Oil leads to inflation.
WEEKLY RANGE – 68.02 (68.25 – 68.85 ) 69.16
Conclusion :-
On Import Aspect: - Buying must be every lower levels.
On Export Aspect: - Exporters must wait for better opportunity , can go thru OPTION Strategy.
Commentaires