US Dollar to take a hit against rupee and may reach Rs 35/dollar..expected to decline against Major currencies

US Dollar might reache lowest levels against major currencies in the coming days. The Fed rate cut on fears of recession has given a warning to Global investors about declining US economy.

       With more investors expected to pull out money from US and invest in other emerging economies and Stable markets, the dollar might get a big hit pretty soon.Dollar has lost nearly 15% against Indian Rupee in the last year. The Rate cut might trigger dollar to go down further and dollar might breach Rs 35 in coming weeks/month.

 Its not just the rate cut itself, but the manner and urgency shown in bringing on the rate cut has woken up many investors to reality.In turn this may trigger a chain event ans destabilise the global markets.

If you are planning for transfers back home from US..times are getting work so better plan soon.

Indian Market to bounce back on Wednesday on back of Fed rate cut.

The fed rate cut of 75 base points will help Asian and Indian Markets to bounce back with new flow of cash from US.The institutional investors might try to make use of the low in the market.
The low indices may allow a entry point to high priced stocks.If there is good time to get back into the markets, this is it.

US ISP’s taking a wrong turn in limiting usage..

US ISP’s are trying to go back to olden days, Time Warner’s plans of limiting Bandwidth usage and trying to levy extra charges would possibly result in loss of not only high end customers but also irritate average user. If TimeWarner believes its mainline customers dont download movies/music why will they need 7Mbps and 15Mbps connections in the first place?. For simple browsing 1.5Mbps connection is more than sufficient.

After comcast’s delaying of P2P traffic,TimeWarner has started testing plans to limit bandwidth usage primarily targetted at blocking P2P traffic.This dangerous trend from ISP’s arise mostly out of capitalistic interests of these businesses and not on interests to save customers.If you are from other places of the world like India, then probably you will realize how pathetic situation of Customers in US, be it Mobile Operators,Cable companies or ISP’s the big companies pretty much make you do what they want you to do.Already the options are pretty less here.Maybe Google’s entry may change stakes but at present situation is looking very grim.

Usually customers paying for a service would never like to get monitoring/limiting functions on the service we will find a way to get away from those options. Say Timewarner brings a plan where it will allow 10GB tranfer limit for 30 $, customers who want to be free from limits will always ask for a unlimited option and so Time Warner might give a new plan for $60 and we will end up paying $30 more for same plan we are using now. Net Result.. Its a forced price hike, afterall if they get more profit they will do anything bothering nothing about end user.

If such a plan comes into effect I will be the first guy to ditch Time Warner.