praveenprakir

Currency at its peak. Symptom to fall

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
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As our global market is falling. FII selling their stakes , which leads to increase the demand of dollars and therefore dollar is rising and currently at its peak. Movement of currency and equity index is inverse of each other. Rise in dollar value indicates fall in equity index and vice-versa .

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