A ‘dovish’ hike likely Premium Story
It will be difficult for RBI to justify a pause in rate hikes based on incoming activity data—expect a 25-bps…
RBI is in no hurry to change the market expectations of a long period of stable policy rates
What needs to be seen is whether the intervention strategy of RBI will be asymmetric.
The Budget tries to push both consumption and investment under a tight fiscal constraint
An early adoption of the Urjit Patel committee suggestions increases the chances of a rate hike in the January policy
Given the external balances are looking more comfortable with the September CAD at just 1.2% of GDP, the other aspect…
No surprise for markets if a 25bps repo rate hike comes with a 25bps cut in the MSF rate in…
FY14 GDP growth could slide to 4.7%. But concerns of a balance-of-payments crisis are exaggerated
No change in the monetary policy is in line with market expectations, but the currency markets responded negatively to the…
RBI?s liquidity curbing measures can cause collateral damage. The question is how long will they remain.
RBI may resort to OMOs of close to R1 trillion, but refrain from cutting CRR any further in H2-FY14
In line with market expectations, the Reserve Bank of India (RBI) reduced the policy rates by 25bps and kept the…
The finance minister had the unenviable task of balancing between populism and prudence, and at the same time addressing the…
ICOR is disturbingly up. TFP is drastically down. Potential GDP growth has likely fallen to 6-6.5%.
Both fiscal and monetary policies cannot be loose at the same time, when inflationary expectations are high.
The June monetary policy statement of RBI was very clear in its message.
Accepting growth slowdown as a fait accompli can trigger a worse set of chain reactions.
Downside risks to growth, upside risks to inflation, a liquidity deficit that is becoming structural and risks of funding a…
