AFTER YESTERDAY DRAMA OF DOLLAR, FIIs TOOK AGAIN SHORT POSITION IN NIFTY FUTURE RS. -812.25 CR.WHICH IS THE 2ND HIGHEST SHORT AMOUNT IN MAY 2012 SERIES AND SOLD IN CASH SEGMENT RS. -361.01 CR ALSO.
YESTERDAY WE SAW THAT INDIAN GOVT. ANNOUNCED THE PETROL PRICE HIKE BY 7.50 PER LTR. AND WILL HIKE THE PRICE OF DIESEL, LPG AND OTHER PETROLEUM PRODUCTS IN COMING DAYS.
DOLLAR IS NOT INTERESTED TO COME DOWN. AT EVERY SMALL DIP IN DOLLAR IS USING AS BUYING OPPORTUNITY BY TRADERS AND OTHERS.
THE MAIN THING IS THAT FIIs ARE FACING HUGE LOSSES ON THEIR INVESTMENT IN INDIA ONLY BECAUSE OF RUPEE DEPRECIATION AND DOLLAR APPRECIATION WHICH UP TO @ -15%. THE THING IS THAT FIIs DON'T INVEST THEIR DOLLARS IN INDIA, THEY NEED TO CONVERT THEIR DOLLARS INTO RUPEE. BECAUSE OF DEPRECIATION IN RUPEE, FIIs COSTING ON INVESTMENT IS INCREASING DAY BY DAY MEANS THEY ARE PAYING MORE MONEY ON THEIR INVESTMENT, SO THEY ARE FACING HUGE CURRENCY CONVERSION LOSSES.
YESTERDAY WE SAW THAT INDIAN GOVT. ANNOUNCED THE PETROL PRICE HIKE BY 7.50 PER LTR. AND WILL HIKE THE PRICE OF DIESEL, LPG AND OTHER PETROLEUM PRODUCTS IN COMING DAYS.
DOLLAR IS NOT INTERESTED TO COME DOWN. AT EVERY SMALL DIP IN DOLLAR IS USING AS BUYING OPPORTUNITY BY TRADERS AND OTHERS.
THE MAIN THING IS THAT FIIs ARE FACING HUGE LOSSES ON THEIR INVESTMENT IN INDIA ONLY BECAUSE OF RUPEE DEPRECIATION AND DOLLAR APPRECIATION WHICH UP TO @ -15%. THE THING IS THAT FIIs DON'T INVEST THEIR DOLLARS IN INDIA, THEY NEED TO CONVERT THEIR DOLLARS INTO RUPEE. BECAUSE OF DEPRECIATION IN RUPEE, FIIs COSTING ON INVESTMENT IS INCREASING DAY BY DAY MEANS THEY ARE PAYING MORE MONEY ON THEIR INVESTMENT, SO THEY ARE FACING HUGE CURRENCY CONVERSION LOSSES.
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