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Charts & Analysis

Dollar Slips Below 66, FIIs Pull Out Money

The Rupee has closed at 66.12 on Tuesday, the highest exchange rate ever.

Rupee Dollar Short Term

FIIs are starting to pull out. Data till yesterday (SEBI) shows that FII pullouts are now around 11,000 cr. for the month, a lower number than the last month (even through we have four days to go)

Net Monthly FII Investment

But today’s preliminary data from the NSE shows that FIIs sold more than 1,000 cr. in equities just today.

We don’t need FIIs to leave for the dollar to fall – even a minor exit can now cause serious problems with exchange rates, and I’ve noted this over and over again. Even minor flow reversals can cause damage.

I believe there is a lot more to come. The blood is not yet on the streets, even though some people are bleeding.

  • Rahul says:

    67.54
    this fall is scary

  • Ritesh Shah says:

    NO WONDER WITHIN FEW MONTHS BSE COMES TO 6000 LEVEL AGAIN, & I WILL BE HAPPY, CUZ PUBLIC SHOULD THROW THIS INDIAN GOVERNMENT FROM THEIR SIT. OVER 125000 CRORES OF SCAM. & THEY ARE JUST HEATING THEIR BUTTS.
    they are not IDIOTS like indian public like me, better they leave indian market,.
    our government has no ethics. when whole exchange can be at default to whom you should trust?
    not a single positive step have been taken yet by government or media. they are just calming the news.