After a long 8 months a (partial) return to sanity. If a stable govt is not formed (hint, hint) then the rates may go down again. As far as the stock market is concerned, analysts are forecasting a big crash coming up, so if you have enough money to play with please proceed but with caution 🙂
…
Continuing its rising streak, the rupee
on Friday strengthened to below 60 level at 59.90 for the first time
since July 2013 against dollar in late afternoon trade on sustained
foreign fund flows.
Dealers said sustained selling of the
American currency by banks and exporters and ongoing bull-run on the
domestic equity markets also buoyed the rupee sentiments.
The
Indian currency resumed higher at 60.18 per dollar as against the last
closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market
and firmed up further to break the crucial 60 level to trade at 59.90 in
late afternoon trade, a level last seen in July 2013.
Meanwhile, the benchmark
BSE sensex gathered 125.60 points, or 0.57 per cent to close at a new
lifetime high of 22,339.97 after climbing to an all-time intra-day high
of 22,363.97.
regards
Published by
Brown Pundits Archive
Razib Khan is a Bangladeshi-American geneticist and writer. He is co-founder of Brown Pundits and runs Unsupervised Learning, a Substack on population genetics, evolution, history, and politics with more than 55,000 subscribers, alongside the accompanying podcast. He has blogged at Gene Expression since the early 2000s.
His writing has appeared in The New York Times, The Guardian, National Review, Slate, India Today, Quillette, and UnHerd. He is Director of Operations at FUTO in Austin, Texas, and co-founder of GenRAIT, a life-sciences platform company. Earlier in his career he developed ancestry algorithms for Gene by Gene, the Genographic Project, and Insitome, and was among the first employees at Embark Veterinary.
Born in Dhaka and raised in upstate New York and eastern Oregon, he holds degrees in biochemistry (2000) and biology (2006) from the University of Oregon, and undertook doctoral work in genomics and genetics at UC Davis. He lives in Austin.
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