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MONEY & BANKING
FOREX
Is sterling overvalued?
Independent studies have tried to determine the equilibrium value of sterling against euro, using the conventional purchase power parity. Most of the estimates range between 0.71-0.78, which is significantly above the current spot level and points to overvaluation.
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GOVT BONDS
Bond yields trip on tame rate cut
Traders believe that exciting times are in the offing. This is especially after the Finance Ministry linked the administered rates to the secondary market yields.
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Top Stories
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