The Rupee could have easily stayed higher and stronger reflecting the downmove in the OECD currencies and kept some gain against Oil and eventually will esp as a bystander in the larger EUR USD transactions overnight..but chose to buy the usd for weaknesses in the Euro 

StanC also bets for the Rupee again I am sure as will HSBC in due course from thsese artificial levels Asia reacts to global uncertainty however, India has been building the upmove by bucking the trend and that is what we do at the bottom when we start the global up move.  

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Posted via email from The India Investment Post