Happy Investing

After losing steadily for the past 3 months, the U.S dollar recovered on friday against all major currencies. Being an Indian, let me give my view with reference to the Indian Rupee Vs U.S.Dollar. The INR gained from a steady 44 range to reach 40.25 a week back in the last 3 months but has lost since then to close around 41 on saturday. While we may have a confirmation of this pullback next week, the technical indicators are suggesting a rally upto 42 - 42.50 in the next month or so. That should be a relief to all NRIs always wanting an attractive conversion rate(especially during the week when we get our salary)
Regarding stock market, it has been a volatile week with Chinese market doing most of the demage. I had mentioned in my last post on this saying the Chinese Stock exchange Authorities are not comfortable to see too much money flowing into the already overheated stock market.
They announced some drastic taxation measures on stock market gains which lead to the 2nd biggest fall in 1 day(8.8%) Most of the world markets followed suit but for a mild recovery by the U.S.market on friday.
As for as Indian market is concerned, while the long term bull trend is still in tact, caution, risk awarness and stock picking are the buzzwords.
For specific stock related queries you may write to my mail id directly.