Sunday, June 9, 2013

FII's step up sales in bond market

In the previous post, we see that this week will see hectic lobbying by blood sucking corporates and irresponsible bankers to force RBI to cut interest rates.

One interesting analysis I did over the weekend says that further reduction in rates will create a hungama in Indian bond market. The Rupee depreciation along with reduced rates are causing FII's pull out money and it is partly reflecting in equity markets also.

Last week FII have pulled out more than 7000 crores. It is good news for me.

RBI cannot cut rates that easily now.


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