In Aug of the Rupee was battered to all time lows and the RBI had a new Governor in Raghuram Rajan in September. The fiscal situation looked bad then with oil at all time highs and political uncertainty in India. The FCNR deposits of 3 years back are due for redemption between Aug and Nov of this year which would be a 20 billion USD outflow of reserves. If Britain decides to exit the EU then the global uncertainty will increase and any foreign firm will reevaluate their overseas investment plans which will include India.

What is most surprising is that a RBI governor who has been dead correct in warning the other federal reserves that cheap money policy is not a cure to global financial woes and has been instrumental in stabilizing the Rupee and control inflation is being let go due to political reasons — just because he decided to disagree with the government and force them to make the right policy changes he is being penalized.

Anyway the damage has been done and I would not be surprised if Rupee hits the 75 mark against the USD by November this year and if that happens SGD INR will be at However in the short term a range of 49 to 52 would be seen. For today I expect intraday volatility where after the initial fall RBI will try to stabilize the Rupee though a gradual fall in coming weeks should be expected as the international event unfold.

There were ripe speculations that MAS is going to ease the monetary policy which it did and Singapore is headed for a technical recession. The economy expanded by a modest 0. The immediate impact on the exchange rate was a modest gain from 1. One would question that why has SGD strengthened even though the policy has been slightly eased?

There are various factors at play:. However, the rate of appreciation will be reduced slightly. The intent of MAS Is clear — it wants SGD to be slightly stronger than its trading partners. Now if one looks at INR it appreciated very quickly in after the US job reports from the comfort that no fed hike is on the cards. I have said this many times and would repeat again — the sooner INR falls towards 70 the better it is for India.

Anyway for now no major events are scheduled in the coming months other that the results of the BIHAR elections. I believe irrespective of the outcome the Rupee is scheduled to fall post-election results. If BJP wins there would be a knee jerk appreciation which will fizzle out as the economic data and realities will take center stage. If BJP looses then Rupee would immediately fall from a sentiment perspective.

As expected, MAS held off any more easing as the GDP numbers were better than expected, SGD quickly jumped back to below 1. There are 2 very interesting and informative info graphics that were published in Business Times on 12th and 13th April that I am sharing with every one who are interested to know how does NEER work and monetary policy is administered.

Singapore Dollar (SGD) to Indian Rupee (INR) exchange rate history

The past few months I was very busy at work and with the currency being relatively stable I did not want to write something just for the sake of writing. One would have expected things to remain calm for a few more weeks in before the Indian Budget and upcoming elections in March and May respectively but the global markets had something else in mind.

The data from China is not exactly exciting and Indonesian Rupiah and Thai Baht have their own set of problems to deal with. At the same time the RBI came out and surprisingly increased the benchmark rates in January announcements which I thing was more of a pre-emptive move to shore up defences against any potential sell off in the Rupee. With such weakness in the other Emerging market currencies the Indian Rupee, I must say, held ground very well. But this is just the start of the year and there are quite a few events lined up in the coming months that would determine which way the Rupee moves.

On the global macro side the course of Global Financial Markets a. On the domestic front The Indian Budget announcements and the general elections would be the key determinants.

This reduction in QE would be Rupee negative and as in May — Aug time frame has the potential to push the Rupee down. On the domestic front anything short of a stable government with full majority would be a negative for the markets. I think that this stage there is no one clear party that I could say would achieve the majority.

British Pound - GBPUSD Currency Overview - MarketWatch

So in the short-medium term of next months the chips are stacked against the rupee and I do expect it to touch trade towards the mark. The trend so far has been inline with what I had expected in Dec — The pair has maintained the range of with a downward bias Read more: How does look like? SGD INR made multiple attempts to breach the 45 mark but have been unsuccessful. In the meantime a few interesting developments have happened on the fundamental front. The former would result in NRE deposit rates being lowered in the long term and the latter would attract FII in to the Indian Markets chasing growth.

At the same time the Indian Finance minister has promised financial reforms and started with reducing the fuel subsidies which helps reduce the Indian Budget deficit.

This is also positive for the Rupee. The question which people ask often is that how low will the pair fall and will SGD INR reach 45 again? My view is that in the short term the pair would increase and move to cross the Rs. The uncertainty on the policy front would result in INR weakening against the USD which would mean a weaker INR against the SGD.

The pair touched a low of Let me take stock of how the past analysis has fared before delving into how the pair could move in Continue reading SGD INR: The views in the blog bear no connection to any organisation, person or entity. The use of any material contained on this blog without prior permission is prohibited. Investments are subject to market risk. Any suggestions or opinions expressed here are made in good faith and the author bears no responsibility for any losses incurred by readers.

SGD INR Technical Analysis - sanapidyqel.web.fc2.com

Forex SGD INR Investment Bullion Coin Mintage Live Prices — Gold and Silver. SGD INR Forecast Finance , Forex , Remittances , SGD INR. June 20, Aditya Comments. And remember 52 is not far away.

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October 14, Aditya Comments. There are various factors at play: The expectations of a USD rate increase this year are negligible. I would be surprised if the Fed raised the rates in Dec when the volumes are thin due to holiday season. SGD had fallen all the way to 1.

So for the next few weeks I expect SGD INR to be range bound between April 14, Aditya 43 Comments.

Traders' favourite theme for Go long on rupee, short Singapore dollar

February 3, Aditya 28 Comments. Finance , Forex , Remittances , SGD INR. February 10, Aditya 8 Comments. These factors combined have seen SGD INR soften below 43 mark. The recent spike in Crude Oil prices would add to woes for Indian Rupee. Enjoy the Holidays and wishing you a very Happy Chinese New Year!! Gong Xi Fa Chai Share this: December 27, Aditya 1 Comment. Interbank Rate and Remittance Comparison.

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