Gold Silver Reports ~ Reserve Bank of India(RBI), in its just released results of the Survey of Professional Forecasters on Macroeconomic Indicators,
Indian Rupee
Indian Rupee Zoom to 2 Month High
Gold Silver Reports ~ A gauge of expected swings in the Indian rupee rose to the highest level since November amid outflows from Indian stocks and bonds.
Indian Rupee will perform in 2016?
Gold Silver Reports – There are fears of fund outflows after the Fed rate hike, but broking firm Religare believe that the capital outflows from India due to the U.S rate hike may not be as severe as widely projected. As the rate differential between the 10 year G Sec between India and the U.S is at a high figure of 550 basis points, FIIs may not withdraw funds as feared.