In recent
week, FII's started pulling out their investment post multiple Billion $
deployment on different instrumentation. The nervous traders are betting
against upcoming CPI (Consumer Price Index) and WPI (Wholesale Price Index) and
acts as important KPI’s to determine Reserve Bank Interest Rate Policy. In May
2013, I predicted that there would be free fall of INR and now we are
experiencing the same. Even major analysts were taking positive stance on
Indian Currency given Crude price and Gold price fall.
With the
growing adoption of International Electronic Brand, Consumers and Prosumer’s
are going to experience price point rise in Electronic gadgets. The only
beneficial would be those global gadget providers having their manufacturing
hub in India with minimum or no equipment procurement from their global
locations.
Laptops,
Mobile Devices, Camera, Laptops/Tablets, ICT equipment may see 3 to 4 % rise in
their price. In my point of view; If consumer or prosumer’s are planning to buy
gadget then do proper access of currency movement before taking any call.
