Now is great time to buy dollars

[epicresearch]

When the rupee was at 57, the cost of negative sentiment stood at Rs 5.50. Of this, about Rs 2 is due to the negativity created by the Budget over a period.
So if there is any change in the scenario, investors should get that money back. Now it appears that on the Prime Minister's affirmative assurance, especially regarding taxation, investors got that Rs 2 back immediately.
But I don't think there is going to be any further appreciation of the rupee in the immediate-term unless of course the dollar weakens or if Europe straightens up, which I don't anticipate. So I think this is great opportunity for people to buy dollars.
The other shadow on the horizon is the monsoon, which is not as expected. So, now that investors have received a gain of Rs 2 gain, they should buy.