Page 14 - Bullion World Issue 9 January 2022

Bullion World | Issue 09 | January 2022

Covid pandemic and inflationary be under pressure in the short to
pressure throughout the world, medium term.
India’s substantial foreign exchange
reserves and strong foreign direct From the current level of 74.33
investment inflows have been I suggest importers cover their
instrumental in helping the INR tide exposure if Rupee appreciates to
over these uncertainties. 73.68-73.45 and 72.62. On the
other hand, exporters should wait
Given below is the weekly chart of to cover their exposure at 75.90-
the Indian Rupee where in trend 76.30-77.10 level.
suggests the currency is likely to

Mr Ram Pitre has over 35 years of prolific experience in treasury
management, trading activities, marketing, business development,
risk management and client servicing in two of the world’s leading
international banks. Retired with rich experience in commodities and
currency as Senior V.P- Head-Research-Commodities & Currency
Anand Rathi Financial Services Limited, Mumbai.

Currently, as a proprietor of EcoFin Consultant LLP for the past five
years, Ram Pitre recommends trading strategies to clients from a
technical perspective using a proprietary model (Price Mechanism
Theory) designed by him.

Ram Pitre has been actively appearing on major Business channels
like CNBC, Zee Business, ET Now, Bloomberg UTV & Regional
Media as part of his knowledge-sharing initiatives.

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