😛😛
In so short time.
Ache din aa gaye hain bhai
Hold on, INR will go up again once the Fed increases the policy rate by 25 basis points in 2 weeks. Most probably the treasury yield will further go up thereby making dollar stronger. Current inflation is still too sticky to show any real results of the Fed Hike. FYI. So INR is going to stay up with some volatility around 82 mark.
Inflation is here to stay for another couple of years.
Not sure about couple of years but as per the historical trends, inflation will for sure come down to less than 4%, if not 2%. The current fed rate is ~5% with an aim of bringing down inflation to 2%. The stance is hawkish and they don’t care if there’s gonna be a hard landing. If inflation stays high, it means fed will not be reducing interest rates that leads to most of the investors playing the conservative game of buying short term/long term treasury yields. The higher the treasury yields go, the stronger the dollar gets. P.S: Current inflation rate stands at 6.4%
Are you sending like a million dollars? You have a million dollars and this 1.3% change is making you freak out? If you are sending significantly lesser, this 1.3% change is making you freak out? Why aren't you freaking out about Netflix stock ?
Because I get paid in cash 💰
the whales know you gonna send money, so they play the market
CRINGE
Because more people like you sending/ investing USD to India. More supply of dollars decreases its value against INR.
With Foxconn aggressive plans in India to hire 2 lakh people In Telangana and Karnataka . I will not be surprised about it
Indian economy is getting stronger? 🤨
That should be good to move back.