March 31st, 2008

Mugabe's rule of 28 years supposedly ened as Movement for Democratic Change led by Morgan Tsvangirai got 58% of vote.

INR: Last day of financial year RBI pushed up spot to print a fix of 39.97; stocks down 4% on expectations of tightening
SGD: MAS policy on 10Apr , should remain rangebound from 1.3780 - 3820
THB: More outright buying pushed up offshore curve and spot

SEC appearing to end FASB 157 or mark-to-market accounting; companies required to use fair market value, unless that value is the result of a forced liquidation or distressed sale