Feb, 27, 2026 By Vikram Murarka 0 comments


Progress only becomes visible when you track it.
Walking faster. Reducing time. Clear improvement.
In FX, the same rule applies.
If you don’t know your effective import cost or export realization, you’re not managing risk. You’re guessing.
Hedging without measurement is action without feedback.
And action without feedback rarely improves outcomes.
What gets measured gets managed.
What gets managed gets better.
That’s why disciplined currency management starts with knowing your numbers, before taking your next decision.
#FX #CurrencyRisk #RiskManagement #Hedging #Treasury #Markets #Measurement
In our last report (28-Mar-26, UST10Yr 4.43%), we had assumed little chances of the USA being able to easily extricate itself from the US-Israel-Iran war, and we said that as long Brent remains above $80, we can look for a sharper rise in the US10Yr towards …. Read More
In our April 2026 edition (7-Apr-26, Brent @ $111.48), we expected Brent to test $89.26 by Jun-26 followed by a rise to $145.13 by Sep-26 before consolidating between the two levels for the rest of the year. As expected, Brent did see a corrective dip to… Read More
In our April 2026 report (13-Apr-26, EURUSD 1.1686), we expected the Euro to rise to 1.1950 by May-26 while retaining our long-term bearishness towards 1.10 by Aug’26. The main reasons were good chances of a rise in the Dollar Index and crude prices. The markets expect the ECB to move. …. Read More
In our 07-Apr-26 report (10Yr GOI 7.05%) we had assigned a 65-70% probability to Crude rising towards $145 by Sep-26 and had said that this could cause the CPI to move up to 6.2% by Nov-26 and the 10Yr GOI to target 7.37% by Feb-27. Since then, Brent has seen two short-lived dips below $100 but has … 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 May ’26 Dollar Rupee Monthly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.

