Billionz Multi-Asset Weekly Newsletter
Equities Face Key Resistance as IT Weakness Persists; Commodities Remain in Focus. Global Developments: It seems the US-Iran war has reached a stalemate. Posturing from both sides, however, is not encouraging. There seems to be little common ground to reach an agreement. The RBI rolled back measures introduced in the 1st April circular this week. It allowed corporates to cancel and rebook the same underlying exposure again and again, and allowed banks to rollover and execute transactions on a back-to-back basis with related parties. Banks can offer NDFs to clients again. The cap of USD 100mn on bank net open...










