Rupee has touched 55.32 and closed at 55.23 today due to excessive demand of Dollar from Oil Marketing Company .
Rupee is seeing pressure ever since the CAD data is released , which is becoming alaraming Month after Month .
Few other crucial domestic points like expected higher fiscal deficit , slowness in reform drive by Government , delay in reform impact particularly FDI in retail , Higher inflation , Low GDP growth are also impacting the Rupee .
The External factors like Euro Zone crisis and US fiscal issue has been playing no major impact on rupee at this point of time .
The big expectation is that FIIS will bring lot of Money in the coming Months to the Equity Market expecting investor friendly Budget from the Government and this will make the rupee appreciate to the level of 54 once again .
Rupee is seeing pressure ever since the CAD data is released , which is becoming alaraming Month after Month .
Few other crucial domestic points like expected higher fiscal deficit , slowness in reform drive by Government , delay in reform impact particularly FDI in retail , Higher inflation , Low GDP growth are also impacting the Rupee .
The External factors like Euro Zone crisis and US fiscal issue has been playing no major impact on rupee at this point of time .
The big expectation is that FIIS will bring lot of Money in the coming Months to the Equity Market expecting investor friendly Budget from the Government and this will make the rupee appreciate to the level of 54 once again .
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