Comment on How much should I pay for a Dollar next year?
commented on
13 Dec 2013, 11:21 AM
2:) In theory maybe 70 next year, but these currency correlations are influenced by a lot of other factors too
In trading terms of late price action on Nifty has established a correlation with the rupee ,
The higher Nifty moves more Fii money comes in which in turn helps the rupee appreciate as well…..
These are only few of the manifold factors that affect this ratio.