Yesterday, I was toying with the idea - What if Bernanke does a Paul Volker? I was a bit too optimistic about this I guess (I am still short on Nifty). Apart from that there is a reason why I can be potentially screwed by Bernanke's pyrotechniques yesterday.
Recently, I have got a project where I am going to get payment in US dollars(or pesso), by the time I get my payment, the dollar might be a good couple of rupees below the current price and I stand to loose a decent amount of money. I guess, subsequently, it makes sense to quote in Euros.
PS: Out of curiosity, I was watching the Defty( which is the Nifty in dollars) YTD, while the Nifty is just 12% up YTD, Defty is up 23%. I guess, it won't be long before we hear words like Dollar Carry Trade.
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