#dollar swaps

[itstrustlinestuff]

Are the dollar swaps putting pressure on the Indian Rupee? During the last week, the rupee rapidly weakened against the dollar and went as low as 70.56/$. While oil prices were one of the reasons for the rupee slide, there was another more immediate reason for this rupee fall. It was the dollar swap auctions…

                                      Dollar Swaps

Are the dollar swaps putting pressure on the Indian Rupee?

During the last week, the rupee rapidly weakened against the dollar and went as low as 70.56/$. While oil prices were one of the reasons for the rupee slide, there was another more immediate reason for this rupee fall. It was the dollar swap auctions that set the tone for the weakening of the rupee. Let us see how it worked! READ MORE...Best Online Stock Trading, Financial Services & Mutual Funds Investment Solution provider India - Trustline

[nonstoptrain]

Today’s unprecedented announcement by the world’s most powerful central banks was a loud and clear bell ringing to buy precious metals. The move, disguised as an attempt to help the fragile state of the global economy, is in reality a move to prop up failing banks in Europe and the US. By reducing interest rates paid for dollar swaps, central bankers are in effect increasing the quantity of global dollars in circulation. The result? The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed.

Peter Schiff