vINR shown Monthly appreciation first time after April13 (Gained 4.72% Vs
August closing of 65.71)
v INR likely to remain range bound , but will be cautious to any surprise
announcement by USA Fed on tapering
v Expectation of improvement in CAD in September & December quarter will
keep supporting INR in short term
v Political constraint in USA in approving Budget & uncertainty on Debt ceiling
approval will keep INR volatile
v Global Financial Market will remain under volatility till the USA Debt ceiling
matter is resolved (USA Treasury will hit the Debt ceiling of USD 16.7 Trillion
on 17th October & require approval of Government )
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