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
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
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
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
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Fixed Income Economics Series: India monsoon and agri snapshot
India monsoon and agri snapshot: What does normal sowing in a deficient rainfall year mean? The monsoon season (June to
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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
Too Tight? A Market Update
An underlying theme for the last few months has been progressive tightening in financial conditions. There are important channels of
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.