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INRUSD

DXY v's Brazil Russia India China B.R.I.C. CurrenciesNote how the two large pattern #HVF's kept you dollar long as the main directional trade from 2011 to 2022 But things may be turning around and this trade may, potentially be reversing. Often when commentators have given up on the idea of a multi polar world, end of dollar dominance , as price keep going the opposite direction. Is when the trade actually starts to kick into gear. These are major resource nations , with 40% of global pop. 30% of the land and well over a 1/4 of global GDP Would make sense to see this basket of currencies outperform our beloved Greenback.
TVC:DXYShort
by BallaJi
RDY: Top candidate to go long indian shares...$RDY has a very strong monthly trend that is currently active, and also a strong daily chart, showing a trend is now active. We can go long risking a fall under the red line on chart, if aggressive, following the daily signal but aiming to capture the monthly trend as well. This would be a huge reward to risk position if it were to pan out favorably for us. I see the $INRUSD chart as significantly strong, and similar to the period from 2016 to 2018, and $RDY has a good valuation here, as well as substantial growth potential going forward. Free cash flow yield is 7.93%, EPS growth is positive in the last quarter and in the last year, and they are not too indebted, the company certainly has good liquidity and sales are steadily albeit modetly growing. Best of luck, Ivan Labrie.
NYSE:RDYLong
by IvanLabrie
Large Swing In Play For USDINR in 2020Here we are tracking the 2020 macro map for USDINR, a high yielding EM currency. The expansion in volatility here will come from CB coordination, and being short USDINR which generally would also support a view for better risk appetite means it acts a great portfolio hedge for those looking for high carry. On the INR side, macro figures are starting to indicate further upside although still stuck in low gears. The tax cuts from the fiscal side doing some of the heavy lifting thanks to Modi (India's version of Trump). Inflation is subdue with a lot more slack left in the labour market and a cheap commodity board. Should investors see the deficit handled appropriately then all boxes are checked for capital flows into India. Demand for INR looks set to improve and combined with the USD devaluation theme it makes a great few months for INR to see some appreciation. Risks to my thesis come from US-China protectionism, private capex not picking up (low odds after the attractive tax cuts) and to a lesser extent if RBI push the INR down by accumulating.
UShort
by ridethepig