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Strong Rupee-Any impact ?

  
Analysis, Education, Forex
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https://www.anirudhsethireport.com/inr-looking-strong-against-usd-jpy-gbp/

https://www.anirudhsethireport.com/what-i-forecasted-for-usd-inr-dont-miss-to-read/

 

Dear Traders /Readers ,Just click above links and u will see from what level Iam Bullish in Indian Rupee.

While looking at chart of INR against GBP ,EURO ,USD and JPY -Just thought came in my mind and thinking what will be the impact on Indian Software Companies or any negative impact on results for this quarter ?

-Indian Rupee had appreciated by 9% since Dec’09 against British Pound

-Indian Rupee had appreciated by 9% against Euro

-Indian Rupee had appreciated by 3% against USD since Dec’09

-US Dollar is strong against all world currencies except India

-I Don’t understand when  USD ,GBP ,EURO  were strong against INR…Then results of Indian Software companies were mind blowing and stocks were zooming up up up.

-Now since INR is so strong against all 3 currencies then also no impact on stock price and nobody talking and writing ??

-Apart from Software Companies ,What will be the impact on the companies those exporting in Europe ,UK ,USA ?

Just think it over and if possible comment

Updated at 12:49/28th March/Baroda

Dutch Bank Algo Blamed For GBP Flash Crash

  
Education, Forex
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Another rogue algo takes matters into its own binary hands. Time to institute circuit breakers for the tiny FX market, which alone celebrated Obama’s latest set of oratory delight by flash crashing all on its lonesome…

From Goldman’s Mitesh Parikh:

 
 

GBP – what just happened

To save being asked anymore times – the short answer is I honestly don’t know.. 1.5290 – 1.5168 between 7.56am and 7.57am.. unlikely it was for a fix (that would make sense if closer to 8am), and price action doesn’t suggest a mis-hit since it was ‘walked’ down over the course of the minute albeit exceptionally aggressively (not everyone executes as subtly as we do… no comments please!) We saw Dutch interbank names selling aggressively towards 1.5200 with some suggestion that their algo blew up from a few market sources, although we can’t comment on the validity of this.  Needless to say the market has corrected, cable is back above 1.5300, cross now sub 0.8430 , exactly where we started.

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