Modi Effect: Rupee Tops In Asia

[biscuitRAJA000]

Boosted by capital inflows and euphoria around the incoming government, rupee surge to 11-month high level making it the best performing currency in Asia-Pacific region against the US dollar so far in 2014. With a gain of about 5.3 per cent since the start of this  year, rupee has sprinted ahead of its other Asia-Pacific   peers, including Indonesia's rupiah and New Zealand dollar,   in terms of year-to-date rise, shows an analysis of various currencies vis-a-vis the Greenback. The rupee, which closed at 58.52 levels against the US   dollar on the last trading day on Friday, has incidentally   seen a lion's share of 5.3 per cent gain in the past one month.  

The Indian currency stood at Rs 61.8 level per US dollar at the start of 2014 and has recorded a gain of 327 paise in less than six months, partly helped by robust foreign fund   inflows. This marks a major turnaround since August last year when rupee touched its life-time low of 68.80. 

"Positive sentiments out of the election results   enabled us to upgrade our FII flows estimates by USD 5 billion to USD 20 billion, implying an overall BOP (balance of   payment) surplus of USD 29 billion. We expect the USD/INR   range to be 57-61 in FY2015," said Indranil Pan, Chief   Economist of Kotak Mahindra Bank, in a report.

[matrix_hater]

Tummina daggina modi antunnaruga

[gulananda swami]

[bangarubullodu]

robo ki public advice: 

[jpismahatma]

 1 dollar equal oka 40 rupeees aithe super.

[chicken60five]

1$=10rs anta edi modi target

[mtkr]

bl@st

[Powerstar05]

pilla p's modaletara prathi daaniki modi ani bhajana...lol pilla 's...

[biscuitRAJA000]

pilla p's modaletara prathi daaniki modi ani bhajana...lol pilla 's...

evaru enni d@ngina nuvvu matram annaya bajana vadalavu....u filla p lol.1q

[sam86]

respect ps05

evaru enni d@ngina nuvvu matram annaya bajana vadalavu....u filla p LoL.1q