Weekly Market Analysis Week Beginning 24th June 2013

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24th June 2013

Weekly Market Analysis Week Beginning 24th June 2013   Hi Promofree Fixed Income Market Analysis  Bond Market Is Taking Out July Rate Cut Bets The depreciation of the Indian Rupee (INR) to record lows against the US Dollar has resulted in reduced hopes of policy rate cuts by the RBI in its July policy review. The Central Bank has placed the INR as a key factor in its policy stance after it maintained policy rates status quo in the policy review on the 17th of June. click here to read full analysis Equity Market Analysis INR Weakness Is Rattling the Market Equity and bond markets are worried by the sharp depreciation of the INR against the USD leading to a fall of over 2% in the Sensex and Nifty and rise of 12bps on the ten year benchmark government bond yield week on week. The INR touched all time lows Rs 59.93 post the Fed statement of withdrawing its bond purchase program by mid 2014. click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.