Couple of days back the American federal reserve announced that it will continue to pump money into the economy. No sooner than it was announced the next day the SENSEX (Index in Indian stock exchange similar to Dow Jones) boomed and Rupee stabilized at lower 60s. That is in anticipation that this decision of easy money by Fed will pump more Dollar to the global economy. So that will at least curb the outflow of dollars from India, at least of the time being. No wonder they say when America sneezes the whole world catches the cold.
Friday, September 20, 2013
Fed's announcement and Rupee's improvement
Couple of days back the American federal reserve announced that it will continue to pump money into the economy. No sooner than it was announced the next day the SENSEX (Index in Indian stock exchange similar to Dow Jones) boomed and Rupee stabilized at lower 60s. That is in anticipation that this decision of easy money by Fed will pump more Dollar to the global economy. So that will at least curb the outflow of dollars from India, at least of the time being. No wonder they say when America sneezes the whole world catches the cold.
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