Cautious, Rupee and Rupiah.

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Cautious, Rupee and Rupiah.

Postby Harlequin » Tue Aug 20, 2013 10:59 am

Just a word of cautious....

Rupee has been falling, hitting the new all time low, massive funds (inclusive of shares and debt) have been pulling out of India's market since June.

Rupiah also slips to a 4-year low, as funds are pulling out.

Some may still have fresh memory about the fall of the Thai Baht that triggered the Asian financial crisis in late 1997, into 1998 and beyond....

:gloomy:

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Re: Cautious, Rupee and Rupiah.

Postby atrecord » Tue Aug 20, 2013 1:30 pm

Reported in the papers that Ringgit is also falling right?

This does have traces of similarity to the 97 crisis...

Will SGD be affected? If SGD drops, it will mean more foreigners can come and buy more of our properties and thereby driving prices up even more... :sweat:

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Re: Cautious, Rupee and Rupiah.

Postby Dora1 » Wed Aug 21, 2013 4:37 pm

No leh, 1998 Singapore property prices crashed....
The stock market has already gone down considerably.... with all the external factors, can't see how the property market can go up.

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Re: Cautious, Rupee and Rupiah.

Postby Coolkidsrock2 » Wed Aug 21, 2013 7:12 pm

There are people waiting at the sideline waiting for prices to drop.

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Re: Cautious, Rupee and Rupiah.

Postby Dora1 » Wed Aug 21, 2013 7:21 pm

True, but this is a very savvy group that will not pay current insane prices. So they will only enter the market when there is a real drop.

Anyway, if the rupiah and rupees is really a precursor to a bigger financial crisis, then the group who are waiting to buy will definitely shrink cos of retrenchment, business failures etc which we witnessed in the 97 Asian crisis

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Re: Cautious, Rupee and Rupiah.

Postby Coolkidsrock2 » Wed Aug 21, 2013 11:01 pm

Waiting for foreclosures. :smile:

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Re: Cautious, Rupee and Rupiah.

Postby atrecord » Thu Aug 22, 2013 5:20 pm

Coolkidsrock2 wrote:Waiting for foreclosures. :smile:


Do you mean here or in Indonesia and India?

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Re: Cautious, Rupee and Rupiah.

Postby Harlequin » Thu Aug 22, 2013 5:30 pm

You don't say, it could well be here.... hold your breath...

Rupee is dropping again, is almost spiraling liao.... Soon you will see the India gov raise fund from the IMF.... it's like the repeat of 1991.


(Didn't you see I am so grumpy these two days? :gloomy: )

Sigh. Zai xi mm zai chao.

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Re: Cautious, Rupee and Rupiah.

Postby Dora1 » Fri Aug 23, 2013 8:04 am

Was just talking to my Indian colleague. He said Indian elections next year. High possibility that the current gov may lose the majority and end up with some coalition govt, which means political instability ahead. Foreign investments are pulling out, he said the financial state in India now is terrible. Take extra care.......

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Re: Cautious, Rupee and Rupiah.

Postby keroppi » Fri Aug 23, 2013 8:26 am

Harlequin wrote:Rupee is dropping again, is almost spiraling liao.... Soon you will see the India gov raise fund from the IMF.... it's like the repeat of 1991.

Yup, heard that Rupee already lost 20% of its value and still dropping. The financial analyst guest on the radio joked that we should stay away from all currencies starting with the letter R for the time being.
I think I'll go change some Ringgit for year end shopping in Malaysia ...

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