Bulls & Bear Hfund of India

Gold Technically Gold has not been able to cross 1360 . Once below 1340 the next support was 1320 but that also has been broken The next key support is 1308 - 1310 levels once below then next levels shall be 1280 .

Indian Rupee has depreciated by 3% in last 3 months. Rupee breached 66 levels for the first time since March 2017. Insight-  Continuous Buying of dollar by RBI, Rise in Bond Yields, Widening of Current Account Deficit and higher oil prices have put downward pressure on Rupee. This could be export supportive but could add pressure on inflation and import bill.

Reserve Bank of India has issued advisories to financial institutions and public that it has not given any license/authorization to any entity/company to operate in cryptocurrency schemes or any Virtual Currencies such as Bitcoins. Given concerns, both globally and locally including from the Reserve Bank of India, IndusInd Bank would like to caution you regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with bitcoins, cryptocurrencies and virtual currencies.