3 event risks this week
·1 Greece deal: Risks not really priced into Indian market. Expect RBI to defend Rs65/USD selling US$15bn if talks fail.
·2 US$5bn FPI G-sec limit hike: Expect soon if Greek deal, with Fed dovish. Sovereign gold bonds: Risky if price not hedged.
·3 SOI: Next 10-15 days will show if it continues in neutral zone & eases El Nino/drought concerns. Rains now 116% of normal.
·1 Greece deal: Risks not really priced into Indian market. Expect RBI to defend Rs65/USD selling US$15bn if talks fail.
·2 US$5bn FPI G-sec limit hike: Expect soon if Greek deal, with Fed dovish. Sovereign gold bonds: Risky if price not hedged.
·3 SOI: Next 10-15 days will show if it continues in neutral zone & eases El Nino/drought concerns. Rains now 116% of normal.
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