Comment on How much should I pay for a Dollar next year?

Nikhil Kamath 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.

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