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A very good article on foreign exchange.Even a layman can understand.Thanks.
Very well explained ....I was struggling to understand the reason for Price Movement since I Trade in Currency Market .....but I was up to now going by the correlation between Equity & Currency - i.e. when Equity Market goes up Economy is improving so Rupee logically should be stronger . However it is not so simple ...is it ! ?
Well researched and explained. One minor observation. In fiscal deficit para it is mentioned When a country lives beyond its means....... I think it should be When the government lives beyond its means ....
EXCELLENT AND FOOD FOR THOUGHT
A fine article