INR
1) INR which was getting stronger at 40 at this time last year is now struggling at 52 and some says the situation could get worse and INR could reach 55.
2) This benefits exporters as they are paid in $ so they got more INR for their products.
3) This also favors IT industry as most of the out sourced work is paid in $. But IT companies hedge themselves against rising INR by buying 6 months to 12 months future. So this fall of INR might not help them.
4) Also in the current time of global recession exports are already low and Obama's protectionist policy is already affecting Indian IT.
5) Currently INR bid/ask = 51.6/51.62
6) The Indian finance ministry has begun a public competition to select a design for the symbol of the rupee!
This is historical performance of Indian Rupee:
Crude Oil
1) Crude was falling freely for quite some time. It now shows some sign of improvement after production cut by OPEC.
2) Reached 47.07 a barrel from 40.15 a barrel in a week.
3) 1 Barrel is 42 Gallons or 159 Lts (US liquid Gallon is equal to 3.7854 Lts)
This is historical performance of Crude Oil:
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