We expect a cautious start.....

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We expect a cautious start.....

Post  RaahiShah on Mon Jun 25, 2012 3:58 pm

We expect a cautious start as most Asian markets are trading with a negative bias. US markets managed to close higher on Friday while their European counterparts closed in the red.

So, it remains to be seen what new measures the Government and/or the RBI announce this week to check the freefall in the rupee. Markets will also be keen to know as to who would take charge of the Finance Ministry once Pranab Mukherjee moves to Rashtrapati Bhavan.

Another area of concern for the Indian policymakers is the unsatisfactory start to the southwest monsoon. Volatility could gradually increase in light of the F&O expiry on Thursday.

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RaahiShah

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