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.
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.