Prediction Wil Re continue its fall against US dollar this week Sep 26-30 #fb

Last week closing value of Rupee against US $ was 49.0750 (range on friday was 49.09-49.85)

Prediction: volatile.Rupee expected to hit weeks lowest rates on Monday/ or Wednesday.However global developments/and or RBI intervention will ensure good bounce back for rupee

Strategy: Buy currency futures when Rupee hits 49.60 and 50.00 for a sharp recovery( Rupee appreciating against dollar ) that will become more pronounced as week approaches to a close

disclaimer all risk to be borne by trader