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There are 3 sets of ongoing global and local themes that, in our view, bear very close watching: 1.Broad based […]

Last week we had discussed a list of factors currently in play for Indian bond markets (refer “Inventory of Factors:

Over the recent few days, global macro complexity seems to be on the rise again. The reason we use the

The RBI / MPC kept policy rates unchanged in line with consensus expectations. Thankfully, an outlier risk of stance getting

West Asia tensions have flared up again over the past couple of days. Oil prices are up more than 15%

To recap, a useful lens with which to view India’s bond market till very recently has been that of the

The RBI / MPC kept policy rates and stance unchanged while flagging both upside risks to inflation and downside risks

A summary of our current macro-framework is as follows: Despite sound macros, net capital flow into India has weakened significantly.

Background For the last few months, we have been focussed on the tension from external account pressures frustrating RBI’s ‘lower

The MPC kept policy rates on hold and left stance unchanged. This was almost wholly as expected, with the market