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
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
Gravity : A Year In Bonds, Macro And More
Introduction Just by looking at year opening and closing bond yields, one may be forgiven in thinking that not much
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
Bring On, Bring On : RBI Gets Serious, Investors Next?
Upping its recent proactive stance on liquidity, the RBI announced an even higher pace for Open Market Operation (OMO) for
Blogs
RBI Governor Exits : Quick Thoughts
In a surprise move, RBI Governor Dr. Urjit Patel resigned from office yesterday citing personal reasons. Needless to say, this
Bullish Under The Hood : December Policy Takeaways
The MPC kept repo rate and stance unchanged as was widely expected, although one member voted for stance to be
Blogs
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
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