Forex
Will current account deficit undo the pound?
THE Bank of England (BoE) did not surprise the markets last week. The markets were expecting it to leave interest rates on hold and the BoE did leave rates flat.

Sanity returns
BOND traders finally got some sleep as the market settled down and began to consolidate. After the Budget announcements, prices had fallen by as much as three rupees at the long end following stop-loss selling by some big players and very little buying b y the rest.

Term market: Waiting for an RBI initiative?
TWO years ago, the Reserve Bank of India said its half-yearly monetary policy reviews would focus more on the structural and long-term issues facing the financial markets. Specific and discretionary monetary policy steps such as a rate easing or hike cou ld come anytime during the course of the year (the RBI monitoring the markets on an on-going basis) and would not wait for any particular occasion, the central bank had said.

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