India Currency Report / Fixed Income Report – The Rupee starts down from 57.5

Friday’s intra day high was lost by more than a percent with markets opening Monday in the Rupee mode, correcting to probably 54 levels at its best in the coming weeks. However trading ranges are likely established faster in this edition i.e. Depreciation 4.0 as there is a big government policy move expected to keep gains in crude into the Economy

Expiry in currencies is the last Wednesdaya nd the last week of H1 with bank holidays means trading volumes will focus in the June series. yields have been reported to be heading down from 8% and short holdings by your floating fund manager i.e gilt heavy business in Fixed income funds , first and then the corporate money funds

 

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