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RBI is playing with FIRE abt intervention in the FWD USDINR market…. Your sins with come back to haunt you … unlike Equities which can be manipulated for years, you can’t do that same with FX and RATES
@RBI EXTENT Of Forward Intervention is #MindBoggling in one #CHART. You can see INR 2yr & 3yr Implied Forward Premium is 7.8% & 7.59% Respectively
& has Actually Increased while the near term 12 Month INR forward is just 2.5%. This kind of DIVERGENCE is SCARY.#RETWEET #MUSTREAD
& has Actually Increased while the near term 12 Month INR forward is just 2.5%. This kind of DIVERGENCE is SCARY.#RETWEET #MUSTREAD
This is called Timing !!
My tweet was at 1.26pm IST. See the INTRADAY on the INR today … the breakdown happens at 1.57pm IST
I guess I was just lucky I guess since there was NO MOVEMENT in the DXY or regional currencies like the JPY (see Intraday Charts of JPY, INR, DXY)
My tweet was at 1.26pm IST. See the INTRADAY on the INR today … the breakdown happens at 1.57pm IST
I guess I was just lucky I guess since there was NO MOVEMENT in the DXY or regional currencies like the JPY (see Intraday Charts of JPY, INR, DXY)
