VCSC Daily - VAMC promise, US$30bn in forex gets lukewarm response, – KDC BUY– VCF AGM

Market Commentary

13 May 2013

More sideways action despite VAMC promise, US$30bn in forex reserves The market closed flat despite the prime minister being quoted over the weekend as saying he would sign off on the VAMC in the next several days. The PM’s mention that the forex reserve was now estimated at over US$30bn (up from previous estimates of US$26bn) also garnered a weak response from investors.

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