Again, on the same topic. But there was a surprise devaluation of the Chinese Renminbi over the last couple of days. This will cause Chinese exports to become more lucrative versus other exporting countries. This puts India in a quandry. Generally, if rates are cut by the central bank, the currency weakens based on interest rate parity. So there have again started chatters of a reduction of the repo rate by the RBI by end of September 2015.
I cast a chart to check if this would actually happen. The chart details are, Aug 13, 2015, seed 80, Pune at 13:42:56.
The result is negative. RBI will not cut rates before September 30, 2015.
I cast a chart to check if this would actually happen. The chart details are, Aug 13, 2015, seed 80, Pune at 13:42:56.
The result is negative. RBI will not cut rates before September 30, 2015.
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