The Nifty has been even out performing even the strong dollar off late. The dollar has been strengthening significantly this year and has virtually out performed a whole host of asset classes. The Nifty and few other stock indices like the S and P 500 and the German Dax have outperformed the dollar. A bit of under performance vs the dollar has begun and is overdue for the Nifty. Chart courtesy StockCharts.com.
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