[email protected]

[Paidithalli]

Here are 5 things to know about rupee dollar trade today

1) “The US dollar has strengthened across the board. With most central banks having turned dovish given downside risks to growth and tepid inflation, the US Fed could end up being the least dovish given that US data has been holding up. The data and policy divergence could fuel the US dollar rally," forex advisory firm IFA Global said in a report.

2) Brent crude oil prices today rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran. The US decision to try and bring down Iran oil exports to zero comes amid supply cuts led by producer Organization of the Petroleum Exporting Countries (OPEC) since the start of the year aimed at propping up prices.

3) Higher oil prices may put further pressure on India’s macro and thus Indian currency, says analysts. “Any further increase in crude oil prices to over $75/barrel will put further pressure on India’s macroeconomic position. A $10/barrel increase in oil prices impacts India’s CAD (current account deficit) by around $15 billion(50 bps of GDP)," Kotak Institutional Equities said in a note.

4) Most Asian currencies are also trading weak against the US dollar. IFA Global expects to remain in the range of 68.00-72 over next three months.

5) Long positions were seen receding in the Indian rupee, according to a Reuters poll. A spike in oil prices has weighed on the rupee, which was Asia’s best-performing currency in the past three months. (With Agency Inputs)

[AndhraneedSCS]

Its all Crude Oil price now-a-days. 

 

Indian govt should encourage Electric vehicles aggressivley but I dont see such an aggression.

 

Also, one other advantage for India is that we have 220V power supply and so the need for a Level 2 charger is little in my opinion for charging at home.

[tacobell fan]

Kottabhotunnam @kevinUsa 

[Paidithalli]

1 minute ago, tacobell fan said:

Kottabhotunnam @kevinUsa 

 repatiki 70 untadhi WU Lo ... Vuuuuuu

[argadorn]

5 minutes ago, Paidithalli said:

 repatiki 70 untadhi WU Lo ... Vuuuuuu

already remitly lo undhi 69.96 ....

[tacobell fan]

Just now, argadorn said:

already remitly lo undhi 69.96 ....

0.04 paise evadu istadu? Maku 70 avvalsindhe

[Paidithalli]

1 minute ago, argadorn said:

already remitly lo undhi 69.96 ....

Cool... kani dheentlo Oka trick play chestha nenu 

[argadorn]

Just now, tacobell fan said:

0.04 paise evadu istadu? Maku 70 avvalsindhe

repu 70 ayithadhi ... 

[argadorn]

Just now, Paidithalli said:

Cool... kani dheentlo Oka trick play chestha nenu 

enti adhi 

[ThedaSingh]

K

[Paidithalli]

4 minutes ago, argadorn said:

enti adhi 

Pm you 

[aakathaai123]

adhi thikka kudhirindi NDA govt lo crudie oil baga thaggindi around 50$ per barrel undedi kaani petrol rates maathram thagginchalaa ee sannaasulu alantappudu ee crude oil peragadame better

[tacobell fan]

2 minutes ago, Paidithalli said:

Pm you 

pm me please 

[Kool_SRG]

4 minutes ago, aakathaai123 said:

adhi thikka kudhirindi NDA govt lo crudie oil baga thaggindi around 50$ per barrel undedi kaani petrol rates maathram thagginchalaa ee sannaasulu alantappudu ee crude oil peragadame better

Mee Panduuuu post padindhi chudaleda...

[mantis]

70 mark