‘Blue Sky’ Expectations Meet Some Clouds: RBI Policy April 2019
The Monetary Policy Committee (MPC) decided to cut repo rate by 25 bps (4:2 majority) while keeping stance neutral (5:1 […]
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Policy Puts Strengthen : A Macro Update
We had observed in February as to how global policy seemed to be shifting, responding to the synchronized slowdown narrative
RBI Expands Liquidity Tools
The RBI has announced a new tool for liquidity creation and decided to inject rupee liquidity for 3 years through
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Policy ‘Puts’ Start Re-Emerging
Global Policy Is Shifting, Responding To Slowing Growth A lot has changed in the world over the past few months.
Somebody That I Used To Know? : A Bond Update
The recent RBI policy, and more particularly the post policy interactions, distinctly bore the mark of the new Governor. Assessments
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First Principles fixed income
The Importance Of ‘First Principles’ When Investing In Debt Mutual Funds A. Identifying Risk in Debt Mutual Funds (MFs) There
RBI Shifts To A More Sanguine Framework
The RBI cut policy rates by 25 bps to 6.25% (voted 4-2) and changed the monetary policy stance from ‘calibrated
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Interim Budget FY20 – What Lies Beneath
The debate on whether the interim budget was populist (owing to the direct income support for land-owning farmers and higher
Key Takeaways from Budget 2019
While the budget is an annual exercise of the government’s finances, a holistic way to analyse the budget is to
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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