MTECHTIPS

MTECHTIPS:-COMMODITY NEWS
1. China received $11.76 billion as  FDI in March, 6.1% lower  than in the year-earlier period. The inflow was greater than the $7.7 billion FDI in February. FDI inflows in the first three months of this year stood at $29.5 billion, down 2.8% from the amount received in the year-earlier quarter.
2. The Reserve Bank of Australia's interest rate-setting committee minutes out Tuesday showed that board members judged it prudent to wait for more data 
before adjusting policy.
3. The dollar index shed by 0.4% at 79.56 against the basket  of 6 major currencies as the mixed global economic uncertainties dogged out in the market hampered the safe haven dollar.
4. Chinese banks are now allowed to hold short positions in the U.S. dollar, the nation's foreign exchange regulator said Monday. The move would help banks manage forex risk and would promote 
Chinese yuan exchange rate based on the balance of payments.
5. U.S. retail sales rose 0.8 percent in March after an increase of 1 percent in February, thanks to rising auto sales and high gasoline prices. The pace  of growth increased by 6.5% from March 2011.
6. Talks between crude producer Iran and delegates from six major powers about Tehran's nuclear 
programme have allayed investors' jitters about a possible conflict in the Middle East that could 
disrupt supply.