INR, EURO, USD performance in 2018

The below is the movement of INR, US Dollar & Euro in 2018


INR depreciated 9% in 2018 against US Dollar

INR depreciated 4% in 2018 against Euro

Euro appreciated 4% in 2018 against USD

Projected  Movement of Rupee in 2019


The below factors will weigh on the Rupee in 2019

• Growth fundamentals of India economy - GDP growth is projected to be positive @ 7.3%.  Inflation will be low.  Industrial & Agricultural growth will be moderate.  This will have a appreciating impact on Rupee
• Political stability - In the general election of 2019 if there is a stable government -  It will have a appreciating impact on Rupee.  If there is a hung parliament It will have a depreciating impact on Rupee
• Fed reserve planned rate hikes in 2019.  It will have a depreciating impact on Rupee
• Oil is not projected to be very volatile and will be more stable.  It will have a appreciating impact on Rupee. 

My Projection : Overall Rupee will be less volatile in 2019 and should move in the range between 68 to 72 for the full year of 2019

Projected Movement of USD in 2019


The below factors will weigh on the USD in 2019

• 2019 will witness, moderating growth, monetary tightening & tightening credit It will have a depreciating impact on USD 
• Inflation will be steady around 2% in 2019.  It will have a appreciating impact on USD
• Fed Reserve projects more price hike in 2019 - atleast two.  It will have a appreciating impact on USD
• US Dollar is on a "safe haven" demand due to tariff wars especially with China, increase in rates & Brexit uncertainty.  It will have a appreciating impact on USD

My Projection : With economic conditions weighing heavily overall USD will depreciate in 2019 and should move in the range between 1.14 to 1.1885  to the Euro for the full year of 2019

Alchemist - Key takeaways

The below are the key takeaways from Alchemist the book by Paulo Caelho.  Let's refresh this on this new year

• “And, when you want something, all the universe conspires in helping you to achieve it.”
• நீங்கள் ஏதோ ஒன்றை விரும்பும்போது, அண்டமானது எல்லாவற்றையும் அடைய உதவுகிறது.
• “It's the possibility of having a dream come true that makes life interesting.”
• “When we love, we always strive to become better than we are. When we strive to become better than we are, everything around us becomes better too.”
• “There is only one thing that makes a dream impossible to achieve: the fear of failure.”
• “The secret of life, though, is to fall seven times and to get up eight times.”
• “The simple things are also the most extraordinary things, and only the wise can see them.”
• “Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own.”
• “Remember that wherever your heart is, there you will find your treasure.”
• “When we strive to become better than we are, everything around us becomes better, too.”

Data 31.12.2018

Statistics as on 31.12.2018
Description	Currency	Values
USD vs INR		69.59
Euro vs INR		79.99
Euro vs USD		1.149
Gold / 10 gram	INR	31,380
Sensex		36,068
Crude Oil WTI (NYMEX)	USD	45.41
Brent Crude	USD	53.80

Data 28.12.2018

Statistics as on 28.12.2018
Description	Currency	Values
USD vs INR		69.83
Euro vs INR		79.90
Euro vs USD		1.144
Gold / 10 gram	INR	31,640
Sensex		36,086
Crude Oil WTI (NYMEX)	USD	45.33
Brent Crude	USD	53.21