Pound and Indian Rupee

 

    This is the 1 year chart of pound sterling with Indian rupee.

http://in.finance.yahoo.com/q/bc?s=GBPINR=X

              
Dear Chris,
Here I have presented the one year chart. Pound has fallen from high of 81rs to near 67rs and it is at the yearly lowest level with respect to Rupee. You might be aware that just today's Economic times headline was Rupee is at the highest level with dollar in last 19 months.


Now, how we can speculate or judge the future currency exchange rate between pound and rupee. At first we have to predict the dollar and rupee exchange rate. It is fact that rupee will appreciate against the dollar, and indeed it has appreciated since my last blog post. The reasons more or less I already discussed in my last posting.
What is the condition between pound and dollar, my friend good news is that pound will continue to depreciate against the dollar and thereby more rapidly to with the rupee, isn't it? J Think Why !


Whole Europe is in mess. A big budget hole and deficit financing will only make situation worse for their currency in near future. And London is in trouble. I will not go into all the details.


But best strategy for you that wait for at least 3 months you will get cheaper pound then what you getting right now and then take decision according to your risk appetite. You can buy half the pound amount 3 months later from now. And remaining amount at the time when you will actually go for the study. Or we can remain in touch always. Hope I helped you in some way.



Ravi Ranjan
rranjan27@gmail.com





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