Hi Everyone,
I am an exporter and i trade in USD/INR.
i have hopes that Indian rupee will appreciate in coming time because of recent positive push by the government on rate cut and hawkish comments by Raghuram Rajan on Inflation outlook. In addition to this, higher than expected monetary easing in India and FII limit in government bonds can pull the bond market higher which will be positive for Indian rupee.
As seen in past one week, Indian rupee appreciated by 65 paise in 4 consecutive days and closed at 65.51.
However I am not able to understand the reasons why people are expecting Fed rate hike unlikely to come in 2015, when it is always made clear by Janet Yellen in her comments that fed will raise the rates sometime in this year.
Anyone who could tell me why it is unlikely for fed to raise interest rate and why did US equity market surged even after the negative nonfarm payroll data released on Friday which was quite lower than the expectations of 203k...
Genuine replies plezzzzz!:thumb:
I am an exporter and i trade in USD/INR.
i have hopes that Indian rupee will appreciate in coming time because of recent positive push by the government on rate cut and hawkish comments by Raghuram Rajan on Inflation outlook. In addition to this, higher than expected monetary easing in India and FII limit in government bonds can pull the bond market higher which will be positive for Indian rupee.
As seen in past one week, Indian rupee appreciated by 65 paise in 4 consecutive days and closed at 65.51.
However I am not able to understand the reasons why people are expecting Fed rate hike unlikely to come in 2015, when it is always made clear by Janet Yellen in her comments that fed will raise the rates sometime in this year.
Anyone who could tell me why it is unlikely for fed to raise interest rate and why did US equity market surged even after the negative nonfarm payroll data released on Friday which was quite lower than the expectations of 203k...
Genuine replies plezzzzz!:thumb: