The IMF technical being sort by the government ,the floating of the rupee, the increase of fuel prices to reflect cost of internal prices , and the rapid increase in interest rates during the past three weeks TB and Bond auctions seems to be that the Government policy decisions have shifted towards a more market driven system possibly due to the so called IMF technical requirements to get the situation that has got out of hand visibly all around us with the Diesel, Gas, and many other shortages forming the queues that don’t seem to go away yet . So the hard technical decisions have been made and the results will take around a month to materialize . The market seems to be on a sell mode by smaller investers due to the street situation , but the real headline inflation now is over 25% and the only easy way to hedge against the negative returns is to invest in dollarised assets and high real estate owning companies .
