Mr. Maxim, with due respect to you i just wanted to say one thing without RIL`s help there is no bull market in india even if world moves like a rabbit. that is how the structure and weightage is on the index. I`m waiting for buyback to be over to start accumlate.. to my knowledge do you have RIL in your portfolio....

One event can not be set as a benchmark for all others.. As i stated Re beyond 53 is oversold and will find its way back, but 53 is a fundamentally justifiable level in the present context. More than teaching people a lesson RBI wants to improve sentiment by spending minimal Forex. Also RBI has put infinite curbs by now speculative positions are far too low compared to actual $ buying and selling by importers and exporters now....

I am not able to recollect name , in 1997-98 an international business man bought huge quantity of indonacian currency and sold it suddenly ruining the economy of that country. What is the amount required to create such havoc in India any idea? ...

Maximji, First and foremost, April is by default a low base month for Imports. There is nothing to be joyous about it if you look at past 5 years track record it only increases after April. And in 1 month a Trade Deficit of 14 Billion $ with no Capital Flows by FII is HIGH very HIGH to fund... Wait for May Trade Deficit numbers.. The fall in Crude and Re is happening at the same time due to $ Strength globally vs all other assets as well ....

You think Bhus uncle is shorting the rupee in the currency market? i can see it falling more at night lol...

When i was in 6th std we wer hesitent to accept the fact economy of USA because 1$=rs 6 now with in 30 years 1$=Rs 60, ...

Maximji, Re is already over sold , a Rebound to 52-53 is inevitable it is only a question of when.. The RBI is doing the smart thing, it will let it depreciate sharply for few days maybe even to 57 and then bring it to 54 and claim glory which net we have still moved down but sentiment will improve without having to take it to 50 per $ which would burn a lot more Forex.. As compared to Euro we are owning a highly volatile currency which can move 1-2% everyday which a Large and highly traded market Currency like Euro may probably not despite all the concerns. The Re fall is due to CAD, KYC and third and Most important i feel is lack of faith in India slowly showing up as Equity markets lose its premium they used to have and the currency devalues on a higher risk on owning the Currency now than before....

maximindia,,,,,why rupee is falling?your view....

Hai MAx, can i know why you are so deeply disturbed by RIL. MA stake is building at the cost of all investers due to buy back.Money used in buy back is from RIL reserves which belong to every shareholder. Individual shareholders are selling out on fear at lower rates while promoter is kool. After buy back at lower rates if at all RIL makes any profit who is benefited and ma`s personal wealth will increase many fold....

If you can see today`s pattern, the stock was ready to fall to 670 intraday, buy the buyback just came in & saved the stock. But the main question is that how long Mukesh will be able to save the stock. I also suspect that today`s defeat of Mumbai Indians against Chennai Super Kings will be strong indicator for the punishment of RIL from tomorrow onwards. GO CSK GO....

In 1967 dollar was just Rs 5 and pound was rS 14.iN 1978 dollar was 7.80 in 1989 it was 16.But take yen in 1979 it was 3300 yen was just 100 Rs compared to same 3300 yen cost Rs 2100....

jai I was in Korea in 90s when similar fall of all asean currencies at a time.That was really psych and bhedchal not real fundamentals.I think it is same wt we r facing today for rupee.Yes u r right--RBI may want to teach a lesson to speculators first to allow them to take big positions and then hammer them with brutal force.We often see such method in share market too....

jai If we look at trade deficit in April it was lowest for last 12 months so simple export/import difference is not d real reason of Rs fall.Even FIIs has not sold in billions.So d reason lies elsewhere.If one notice Rs fall and crude fall is same percentage which in normal times is in inverse ratio.REALLY PERPLEXING....

After buying tech from USA bcs RIL always like to buy tech rather than creating d tech.Afterall tech buy can be bought at millions but recording in billions....

avin Basically eco reasos and political reasons r different.Eco reason is bcs of Current ac deficit but it cannot make such fast and furious fall within a week.Political reason is coming KYC norms on p NOTES.Wondering when SEBI says it has details but govt never asked and this raises simple q Y govt is not interested in exposing those Indians who hv used Pnote route to route black money?Simple it wl expose politicos and Tycoons.Even euro with multytimes problems than India has not suffered this kind of humiliation as suffered by Rupee.Also look at helplessness of F.M. who yday told RBI wl take action to stop depriciation but next day itself both r clueless.A day is not far off when RIL too wl fall like rupee.According to me Rs wlnot go below 60 in 2012 but I m not expert....

ciroc For giving right reasons Y RIL wl go down from 2009 onwards I was subjected to personnel abuses on this board even terming me as traitor gangster,insane but I knew that a day of reckoning wl come to such boarder.But d most shameful act was enacted when another boarder defended such abuses.Yes now both r searching d 41000 crs puzzle for a solution for last 15 days but not finding any clue.If 41000 crs were invested in inventories hoping that crude wl rise further then this Q wl see not rampup of gas but RAMPDOWN of profits.Even otherwise co has become " other income" co.What a pity a co with more than 300000 crs turnover has to depend on other income for its survival.Can anyone find any big co whose other income exceeds real income from real business?This kind of cos can hv only bleak future.Also going for loans 5 times in a year shows that co is moving towards disaster.Since RIL is net importer depreciation of Rs wl put heavy pressure on it when d crunch time of these dollar loans payments becomes due.Investors hv seen d perils of running business with dollar loans by cos like Rcom,suzlon,GTL,plloyd,3i,.If more debts can ruin countries like Greece,Spain,Italyetc one can understand d effects of loans in d co....

since co normally dont buy in BSE figures given by me relates to nse only.I wl analyse these nos regularly so that investors r not misguided by just seeing daily figures of buyback only without real analysis....

jai I was in Korea in 90s when similar fall of all asean currencies at a time.That was really psych and bhedchal not real fundamentals.I think it is same wt we r facing today for rupee.Yes u r right--RBI may want to teach a lesson to speculators first to allow them to take big positions and then hammer them with brutal force.We often see such method in share market too....

ciroc For giving right reasons Y RIL wl go down from 2009 onwards I was subjected to personnel abuses on this board even terming me as traitor gangster,insane but I knew that a day of reckoning wl come to such boarder.But d most shameful act was enacted when another boarder defended such abuses.Yes now both r searching d 41000 crs puzzle for a solution for last 15 days but not finding any clue.If 41000 crs were invested in inventories hoping that crude wl rise further then this Q wl see not rampup of gas but RAMPDOWN of profits.Even otherwise co has become " other income" co.What a pity a co with more than 300000 crs turnover has to depend on other income for its survival.Can anyone find any big co whose other income exceeds real income from real business?This kind of cos can hv only bleak future.Also going for loans 5 times in a year shows that co is moving towards disaster.Since RIL is net importer depreciation of Rs wl put heavy pressure on it when d crunch time of these dollar loans payments becomes due.Investors hv seen d perils of running business with dollar loans by cos like Rcom,suzlon,GTL,plloyd,3i,.If more debts can ruin countries like Greece,Spain,Italyetc one can understand d effects of loans in d co....

since co normally dont buy in BSE figures given by me relates to nse only.I wl analyse these nos regularly so that investors r not misguided by just seeing daily figures of buyback only without real analysis....

If one notices for last few days that d % of buyback compared to no of sellers r increasing day by day.Yesterday it was almost 50% of delivery.This means that if co wdnot hv bought it wd hv crashed to 650.But how long co wl b able to support a falling knife with d DHHAL of buyback.It is common knowledge that ventilator can only delay d death cannot stop it.Same fate awaits RIL post ventilator removal.D big crash wl start once buyback figures reach more than 2.5 crs compared to 1.75 crs presently.May b by 10th of june.Co is in big dillemma if it wait for further huge fall post june result d crash wl occur now itself so it is forced to buy now though knowing fully well that post result it can buy below 600.Co thought that by announcing 870 as base price it wl b able to stop butchering but even in this gamble it failed and failed miserably.Where those who predicted 1500 and those who swore that co as its own pride of ESOP price of 742 wl defend 742 r hiding?May b buzy in counting their losses and begging to pay d margin money demanded by brokers....

Also read ril land holding is rs 2000/share other boarder write oh this is most conservative price--it is much more. What a back scratching of each other for such junkies. Besharmo ko kabhi sharm nahi aati. Wt happenned to 41000 crs --where invested? 61000+36000+20000-6000=70000 not 107000. New mathematics....