Indian stocks soar 17% on election Trading halted after shares leap on hopes that ruling coalition's victory will usher in more stable government.

Currency

INR has weakened against SGD over the past 12 months. While weaker INR may enhance the

competitiveness of India’s IT / ITES exports, the trust income when translated to SGD will be lower.

To manage currency volatility for distribution purposes, the trust has entered into forward contracts

to hedge substantially the INR cash flow it expects to receive.

 

The rates hedged for distribution for 2H FY 08/09 is Rs 28.81 to S$ 1.

The rates now is Rs 33.2965 to $1.

Does the company benefit from the hedge? Can some financial experts help to explain as I don't really understand the message above. 

Thank you. 

$1.25 liao!

Mid-year juz ended 31 Mar 2008 and so results out soon. Gonna be good lah.

LilyLi      ( Date: 28-Apr-2008 21:21) Posted: This Reit has been steadily picking up steam this month - firstly 1 cent....2 cent and lately many cents. It's the only reit I've in my portfolio. Juz watched CNN profile the 'personal assistant' biz, that is Indian PAs serving American customers 24/7 some thousands of kilometres away. The Indian IT sector is ever creating new values. KepLand is also building high-end condos in Bangalore, aptly named Elita@Horizon and Elita@VistaGarden . Looks like this reit is going to soar up to $1/30 soon.

$1.84 was a one-off fluke when it was first traded. It's unlikely to hit that level within this year.

I'll be happy if it strikes near $1.40.