Tuesday, December 13, 2011

The curious case of a depreciating currency - Part 2

Booked some profits @ around 53.6 today. Historic low it seems. Saving some more short positions for the 54 mark. Always thrills me to mock a thinger at them analysts. 15 days to go in December, and your front page prediction of Rupee@49 is still a long way away. But then again, you would say very-short-term volatility. Let's wait for March.

I had a dark vision for the Rupee last night. That one, if it happens, will throw our markets into total turmoil. Rupee@78! I know that's evil, and wouldn't take a position based on a silly dream. But then again, you heard it first on IndianOption.


Got a bit bold and initiated another semi-hedged equity position today.

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