Wednesday, March 26, 2014

3-26-2014 Newshound Guru Kaperoni

3-26-2014   Newshound Guru Kaperoni    So you have the MPs on TV saying it cannot wait till after elections...you have the CBI buying gold...basically in one month, they doubled their gold holdings...you have the CBI consultation back on (after it was postponed)...you have banks holding 3 zero notes...There is no logical explanation to not issue larger currency at the current exchange rate unless their is some plan to raise the exchange rate against foreign currencies soon...and Yasiri [He an MP and on finance committee] said...there is a tendency to launch the Prime Minister 's initiative...he backs what the IMF states...gradual appreciation.  The IMF documents on exiting closed monetary policy exchange regime, to flexible exchange regime (float) stocking gold is important part.   [post 1 of 2....stay tuned]