Embrace the "Mujo" philosophy which involves acknowledging the impermanence and transience of all things in life. In trading, the environment is changing constantly and we must endeavor to recognize the changes and quickly adapt to respond better to the changing environment. In the Oct 6 Policy Statement, Governor mentioned the possibility of OMO Sales and I wrote in an earlier article the expectations for the same. Additionally, OMO Sales were seen as a tool for maintaining the interest rate differential with the U.S. Durable Liquidity (in Inr Crs) as on Dec 15, 2023 215,664 CiC (in Inr Crs) as on Dec 15, 2023 33,67,675 Estimate CiC Increase over the next Quarter (in INR Crs) 150,000 Durable Liquidity est as at end of Mar 31, 2024 (in INR Crs)* 65,000 Estimated CiC Increase in April 2024 (in INR Crs) 65,000 – 75,000 Estimated CiC ...
The specific focus of the Blog is on Global and Domestic interest rates and currencies market. I look at fundamentals to define my bias and corroborate that with a study of price action to put on high conviction trades. The views and opinions are those of author and author alone. ~ Author: Vaishali Bagchi