US Dollar to take a hit against rupee and may reach Rs 35/dollar..expected to decline against Major currencies

US Dollar might reache lowest levels against major currencies in the coming days. The Fed rate cut on fears of recession has given a warning to Global investors about declining US economy.

       With more investors expected to pull out money from US and invest in other emerging economies and Stable markets, the dollar might get a big hit pretty soon.Dollar has lost nearly 15% against Indian Rupee in the last year. The Rate cut might trigger dollar to go down further and dollar might breach Rs 35 in coming weeks/month.

 Its not just the rate cut itself, but the manner and urgency shown in bringing on the rate cut has woken up many investors to reality.In turn this may trigger a chain event ans destabilise the global markets.

If you are planning for transfers back home from US..times are getting work so better plan soon.

Indian Market to bounce back on Wednesday on back of Fed rate cut.

The fed rate cut of 75 base points will help Asian and Indian Markets to bounce back with new flow of cash from US.The institutional investors might try to make use of the low in the market.
The low indices may allow a entry point to high priced stocks.If there is good time to get back into the markets, this is it.