May, 22, 2025 By Vikram Murarka 0 comments


Operation Sindoor isn’t just about military strategy — it’s a declaration of self-reliance. By bypassing advanced air defences and intercepting drones and missiles of Chinese and Turkish origin, India proved the power of homegrown technology. A country that barely exported defence equipment a decade ago is now clocking ₹24,000 Cr in exports — targeting ₹50,000 Cr by 2029 and aiming to be the largest arms exporter by 2047.
This isn’t a moment. It’s a mindset.
It reminds us of Dr. Vijay Bhatkar, who, when denied access to Western tech, built India’s first supercomputer — Param 8000 — from scratch.

We embody much of the same spirit in the work we do at KSHITIJ
From building one of the most comprehensive databases (going back to the early 1900s), to creating proprietary charting frameworks (3-day, 13-day, bi-monthly), analysing 60+ market drivers, and pioneering the Kshitij Hedging Method (KHM) — our risk management philosophy honed over 18+ years — we’ve always believed in building, not borrowing.
We’ve built tools, and we’ve built RELIABILITYwith our published forecast and hedging TRACK RECORD, perhaps the only firm in the market that puts its performance for public scrutiny.
Innovation and building intellectual property aren’t optional. It’s the only way we know at Kshitij.
How does this matter to YOU, the Client? All the work we do adds up to the value addition we bring to our clients, ranging anywhere between 20-50 paise per dollar.
Now, a saving of 20 paise per dollar may not look that big on surface but can add up to ₹20 crores per annum or more, depending on the size of your exposure.
So, if you are looking for somebody with…
Proprietary tools
A proven methodology and
A Risk Philosophy that really works
… talk to us
Or in other words if you are looking to save some serious real money in forex hedging, TALK TO US.
In our last report (27-Feb-26, UST10Yr 4.01%), which was published just one day before the start of the US-Israel-Iran War on 28-Feb, we had continued to target 4.60% on the US10Yr based on expectations of higher Crude. At that time, we were looking for Brent to rise …. Read More
The escalation of war between US and Iran throughout March-26 has led to a rally in Brent prices to as high as $119.50, exceeding our bullish targets by a large margin, much ahead of expected time. Will it remain bullish for the coming years?… Read More
Our view of a fall towards 1.14 seems to be playing out well so far as the tensions in the Middle East and the US-Iran conflict have triggered a rise in Dollar Index and crude oil prices, thereby weakening to Euro to 1.1507 so far in Mar-26. Will it again attempt to rise targeting 1.20? Or will it remain below 1.19/20 now and see an eventual decline to 1.10? …. Read More
In our 09-Mar-26 report (10Yr GOI 6.69%) we had warned that the sharp rise in crude due to the US-Iran conflict could push Brent toward $134, which would lift CPI toward ~6.2%, eliminating any chance of RBI easing, and potentially force tightening. This inflation shock, along with higher US yields, was expected to push the 10Yr GOI up to … Read More
In our 10-Dec-25 report (USDJPY 156.70), we expected the USDJPY to trade within 154-158 region till Jan’26 before eventually rising in the long run. In line with our view, the pair limited the downside to … Read More
Our March ’26 Dollar Rupee Monthly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.

