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Is it right time to invest in dollar?

Posted By On 5/13/2008 01:05:00 PM Under ,
1. The dollar is strengthening against Rupee and it has reached a level where it has hit a year's low and has breached past Rs 42/$. It is being anticipated that rupee may touch 42.50 by the year end. This is a good news for some and bad news for others and the thus IT sector can have a breather. However it is pertinent to note that every rupee drop versus $ raises import bill by Rs 3000 crore.

3. In case we analyse the current fall in the rupee than we will find that the same is due to increased demand for dollar from oil companies.

4. It is being anticipated by Goldman Sachs that crude may touch the levels of $150-$200 per barrel and the same is possible in next two years.

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