Risk assets rally as monetary expansion continues :
Risk assets rallied as both the ECB and the US Federal Reserve committed to continued monetary expansion in a bid to stave off another recession.
The ECB launched the Long Term Refinancing Operation of €490 bn to help banks met their funding needs and the US Federal Reserve extended it’s commitment to near Zero interest rates to mid 2014 from mid 2013 previously.
India: One of the best performing market this year!:
From being the worst performing market in CY11, India is the best performing market in Jan 2012, up 11.2% in Rupee terms and 19.2% in US$ terms on the back of strong FII flows.
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