Blogs

We had recently discussed constraints (US exceptionalism, chiefly) and the need for their optimization (especially given the cumulative output gap […]

Backdrop The US exceptionalism narrative continues to go from strength to strength with Trump related expectations converging with continued strong

The Fed delivered a ‘hawkish’ cut yesterday, signaling that a phase of recalibration of rates was effectively over. The context

The year is about to pass, and we embark upon the customary year-end. The title we have picked this time

The MPC kept repo rate unchanged (4:2 majority) and persisted with the neutral stance, while the RBI cut CRR by

The US election verdict is conventionally thought of as implying even higher fiscal deficit via tax cuts, higher tariffs leading

The MPC changed stance to neutral in line with our expectation (https://bandhanmutual.com/article/17416 ). The accompanying commentary, while acknowledging better balance on

The monetary policy review was largely around expected lines with both rates and stance kept unchanged with a majority of

The bond story continues to run strongly. Locally, the budget gave final proof of policy continuity and commitment to fiscal

Our view remains that Indian bonds are experiencing strong tailwinds which are a combination of short term (cyclical) and medium