So It Begins? : A Macro Update
The growth data for the September quarter surprised expectations to the downside. Thus real GVA printed 6.9% versus consensus estimates […]
Blogs
Blogs
Interim Budget FY20: Fixed Income Takeaways
The Interim Budget largely delivered on the reflationary stimulus that was being anticipated. Key highlights as follows: FY19 Revised Estimate
Blogs
Qu’AAA’lity, Qu’AA’lity or Qu’A’lity? – An Update on Credit Markets
Qu’AAA’lity, Qu’AA’lity or Qu’A’lity? – An Update on Credit Markets The credit default/sharp downgrades faced by IL&FS & its group
Where Do We Go? A Macro Update
Introduction A lot has changed over the past few months. From a point in September where market was pricing in
Blogs
RBI’s CPI Projections: Fanned by Uncertainty?
The Reserve Bank of India (RBI) recently cut its CPI inflation projections for Q3 FY19 sharply, by 90bps in October
Blogs
OMO Turns 40 : A Bond And Macro Update
The RBI announced INR 40,000 crores of Open Market Operations (OMO) purchases for November, after having done INR 36,000 crores
Breaking False Causations : RBI Policy October 2018
The Monetary Policy Committee (MPC) surprised market expectations by keeping policy rates on hold by a vote of 5:1. The
Fixed Income Economics Series : Global Growth – The case for a Synchronous Slowdown
Global growth – The case for a Synchronous Slowdown After the synchronous global growth pick up in 2017, growth in
Blogs
Recent INR Measures – Quick Takes
The government announced some weekend measures to support the INR. These are largely to do with relaxations around external commercial
Blogs
RBI Announces OMO Calendar
The RBI has announced an indicative (Open Market Operations) OMO calendar for INR 36,000 crores for the month of October.