Relative Rupee

In case you did not notice the INR pair, the USDINR, has note exactly been falling like the rest of the worlds currency pairs. The relative rupee is the RS of the USDINR with the DXY or dollar index. This is rising since April. Meaning that on a relative basis holding steady the INR is actually weaker than the dollar. We in effect have a currency devaluation quietly

Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients. Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst. Visit for services offered by Adam Smith Associates Pvt Ltd

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