Along expected lines, the CPI inflation for the month of January 2017 came in lower at 3.17%. This compares favourably with the 3.41% CPI inflation reported in the month of December 2016. What exactly are the key takeaways from the inflation numbers? More importantly, what does that imply for the rate outlook of the RBI? …
The RB I released its Financial Stability Report (FSR) covering the key aspects of the financial stability of the financial markets in general and banking system in particular. Here are the key takeaways from the FSR report and what it means for banks in general… The RBI sees distinct risks to the global financial …
In what could be good news for the Tata Group and for the investment climate in India, Tata Sons and NTT DoCoMo of Japan have agreed to settle their long standing dispute out of court. In fact, the Tata-DoCoMo dispute had assumed larger proportions under Cyrus Mistry and the way the NTT DoCoMo case was …
It was a day of positive macro flows for the Indian economy on the inflation and the industrial growth front. Inflation came in slightly lower helped by lower food inflation. Of course, non-food inflation continues to be on the higher side but that is more due to the impact of higher oil prices post the …
There almost seems to be a negative correlation between the aggression shown by Reliance Jio and the price performance of other telecom stocks. When the free telecom offer was first launched by Reliance Jio on September 05th, listed telecom stocks like Bharti Airtel, Idea Cellular and RCOM lost nearly Rs.22,500 crore in market cap. The …
The 2-day meeting of the Federal Open Market Committee (FOMC) concluded with a 25 basis point rate hike. This takes the Fed rate level to a range of 0.75%-1.00%. The indications were already there. In fact, over the last couple of weeks, the probability of a rate hike in March (as implied by the Fed …
The state elections are gone. While the BJP has clearly swept Uttar Pradesh and Uttarakhand, it was the Congress that made hay in Punjab. The final shape of the government in Manipur and Goa will take some time, but the Congress has at least managed to redeem itself in both these places. But one thing …
As is the normal practice, the Monetary Policy Committee published its minutes of the discussion leading to the Monetary Policy on 08th February. It may be recollected that in the Feb 08th policy, the MPC had chosen to maintain status quo on rates. This was contrary to market expectations as the equity and bond markets …
India’s trade numbers announced for the month of November have been largely in line with expectations. While the Trade deficit at $13 billion for the month of November is definitely at a 2-year high it is in line with previous cycles. However, there are some key components of the trade data that India needs to …
After an encouraging 2.7% growth in the Index of Industrial Production (IIP) for the month of January 2017, the expectations were quite high for the month of February 2017. However, the overall IIP numbers disappointed the street with a negative growth of (-1.2%). Needless to say, it was manufacturing that applied negative pressure on the …
