INRUSD (Indian Rupee) About To Take Yet Another Fall. UPDATE!
As posted back on Jun 7 the INR was in trouble along with many other emerging market currencies that
could end up in a crisis. Since then INR has dropped -7%. (Though the Chart I posted before was a Monthly
not too dramatic) I am starting to see more and more signs that a crisis might unfold in the near future.
Caution!
could end up in a crisis. Since then INR has dropped -7%. (Though the Chart I posted before was a Monthly
not too dramatic) I am starting to see more and more signs that a crisis might unfold in the near future.
Caution!
Note
Easy MONEY!Note
A solid move lower As expected.Note
Indian Rupee has continued its devaluation as expected. It is being defended at the 0.012004 area by the central bank. A break below that we could see another collapse in the INR.Yet again we see the BRICs as being a silly fantasy that could lead to a currency crisis.
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.