We have sufficient forex reserves to see us through the next six months of import bill payment but that is no insurance against foreign exchange risk. The budget announcement of issuing foreign currency- denominated sovereign bonds has attracted disproportionately high interest among economists and market participants alike. This interest is mainly because this is the […]
Gold has been moving up and from US$ 1,340 onwards, we have been suggesting exposure of not more than 5 percent of the portfolio to gold. The relative strength of the US dollar, fear of a global slowdown, probability of lower American interest rates and the bruising trade war between China and the US are […]
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