The Rupee has been holding against the dollar at its closing figure, this cannot be said of many emerging market currencies. They continue their journey south wards. We could see the level of preparedness that the Finance minister and RBI Governor speak of and the effect of the same on the market, on Monday which could begin with another gap down, by the look of things.If the Dow and the FTSE does not recover before their respective closings then it becomes a certainty.This has become the worst week for the US markets and a bad beginning for the year.But the correction was required and did not come a little too late.
All those who did take that INSURANCE policy that I talk off...will not regret it....the 6100 puts should come into or at money soon enough.
All those who did take that INSURANCE policy that I talk off...will not regret it....the 6100 puts should come into or at money soon enough.