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Forex Flash: Stronger Indian Rupee in 2013 towards 53.2 – TDS

According to TD Securities analysts: “Worries of a difficult debate over the new budget may continue to weigh on INR performance. However, we continue to see stronger rupee in 2013 towards 53.2 in
Q1 on reforms, slower inflation, and the RBI assisting growth,” they explain.

The analysts add: “It w as reported on Friday that FinMin Chidambaram plans to cut public spending by further 10% from its original target in the FY 2013/14 budget, in a bid to avoid rating downgrades to junk status. However, the budget is subject to Parliamentary debate, directing the market focus back onto India's politics this week.”

Forex Flash: RBA minutes eyed - NAB

The key event in the Asian calendar today will be the release of the Board Minutes from the 5 February RBA Board meeting, notes the NAB strategy team.
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Forex Flash: Still long way till 'risk on - risk off' paradigm over - HSBC

Risk On – Risk Off, described as RORO by HSBC, "has been one of the most dramatic features of financial markets since the collapse of Lehman in 2008, a phenomenon of high multi-asset correlations which has caused huge problems for investors forcing them to reassess their investment process" the bank notes.
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