Can rupee touch 65 to a dollar ?

The rupee crossed 63  to a dollar again as discussed in our USD INR Forecast. This should not be surprising given that the demand for dollars is much more than their supply.

So now question lies Can Rupee touch 65 in medium term. Let me answer the question for you talking on both Fundamental and Technical of INR.

The trade deficit for the month of April 2013 had stood at $17.8 billion. If we add this to the trade deficit of $20.1 billion for the month of May 2013, we get a trade deficit of nearly $38 billion for the first two months of the year.  With the way things currently are it is safe to say that the trade deficit for 2013-2014(or the period between April..

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