RBI hit jackpot!!!!! A manipulation of FX rates... about to break bad?

This "exercise" has been major investment for many expat Indians, but the whole structure is based on subsidy from RBI to "hedge" the FX risk – a very risky strategy…….The FX Reserves reversed recent trends, but its….buying time…Short INR into the Indian election probably not the worst strategy….

 

India election (CNN overview)

 

India election date

 

 

http://www.thehindubusinessline.com/industry-and-economy/banking/rbi-hits-the-jackpot-with-dollar-deposit-scheme/article5430639.ece

 

 

 

Med venlig hilsen  |  Best regards
Steen Jakobsen  |  Chief Investment Officer

 

Saxo Bank A/S  |  Philip Heymans Allé 15  |  DK-2900 Hellerup
Phone: +45 39 77 40 00  |  Direct: +45 39 77 62 23  |  Mobile: +45 51 54 50 00

 

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