'There is a long-term bull market that commodities will witness. This can take 2-3 years to start. There have been some large moves in foreign exchange. We have seen the pound depreciate by 25 per cent against dollar. We have seen the yen appreciate against the dollar. When the markets start stabilising, these trends will reverse. This will give good trading opportunity. But it is not clear whether any one should do anything yet,' says Robert Morrice, MD, Barclays Wealth.
On India strategy, Barclay said it would continue to grow the business in the same way as it has been growing in the last 5 years.
Barclays will infuse an additional equity capital of $50 million to the Indian arm, Barclays India. This marks the second round of capital infusion since the first injection of $50 million in the first quarter of 2002.
