Commodities outlook & stock picks by Tradebulls Sec: Sell silver, aluminium

Equity class has seen a massive sell-off and investors are looking for assets to sell not bothering to see which asset to sell but finding which assets they can sell.

Indian rupee has depreciated and trading at 8 months low as sell off is being witnessed heavily in equity markets. All emerging market currencies are depreciating and we are seeing intervention from RBI. Bank of England made a surprise rate cut of 50 bps taking its interest rate at a record low of 0.25 per cent. Earlier this month, US Fed too had made emergency rate cut by 50 bps and other central banks will also follow suit. The rate cuts will depreciate all currencies against US Dollar. Until the situation improves regarding coronavirus, we might rupee trading weak and