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Will RBI let rupee appreciate?

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Will RBI let rupee appreciate?

Post by Ssmith on Wed Jul 27, 2016 10:16 pm

From WSOMN.:

NWMontana:

Did you guys read the article about the rupee? Check out the wording

Meek92:
NWM good post...so are you thinking RV in July and trickle to Sept-November?..

NWMontana:
MEEK- 10-4….. meek...I was mostly struck by the casualness of the article, the date falls in line with a prolonged currency rollout, imo. : )

Some folks think it happens in baskets, others, like rolling out a carpet...either way, they said "When", not "if"

NWMontana:


Will RBI let rupee appreciate?

A stronger rupee, when redemptions begin, would reduce the blow, even if there is some depreciation due to outflows, say experts

With the redemption of $20 billion FCNR(B) coming up between September and November, market people believe the Reserve Bank of India (RBI) might allow the rupee to appreciate in the run-up. The reason: While the central bank gave the rupee debt to banks at 3.5 per cent, it bought forward contracts for the same at about seven per cent. This means RBI would have to take the hit on the difference, when the redemptions occur.

A stronger rupee, when redemptions begin, would reduce the blow, even if there is some depreciation due to outflows, say experts. Banks had raised a total of $34 billion in the September-November 2013 period using a discounted swap window opened by RBI to shore up reserves and protect the vulnerable rupee. Around $27 billion came through FCNR(B) deposits

http://www.business-standard.com/article/markets/will-rbi-let-rupee-appreciate-116072400819_1.html
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Re: Will RBI let rupee appreciate?

Post by Kevind53 on Wed Jul 27, 2016 11:58 pm

Has nothing to do with any RV. It's talking about speculators/investors betting the Rupee may go up a few percent at the most this fall.

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Re: Will RBI let rupee appreciate?

Post by Terbo56 on Thu Jul 28, 2016 9:03 am

KevinD, the Canadian dollar WAS due to go up in value, wasn't it, along with the Swedish Krone, was the last I had heard? I'd like to invest in something that was going to go somewhere, not just have something that was going to go stagnant- question
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Re: Will RBI let rupee appreciate?

Post by Kevind53 on Thu Jul 28, 2016 10:40 am

They go up and down all the time. Last I checked, they were down because the USD was so strong.

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Re: Will RBI let rupee appreciate?

Post by Terbo56 on Thu Jul 28, 2016 11:01 am

Thank you, KevinD, I appreciate it!! Smile
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