Markets accord red welcome to FY21
Day 1 of the new fiscal saw benchmark indices in the red all through the day; they closed 4% lower.
exchange rate
April 2020
August 2019
June 2018
$27.3-bn of maturing corporate debt in FY21 not a concern: BofA Securities
The amount is just 0.8% and 5.8% of India’s GDP and foreign exchange reserves, respectively. And the maturity profile is reasonably spread out in FY21.
Monday blues for equity markets
While broader indices Sensex and Nifty 50 fell over 701 and 214 points respectively in intraday trade, S&P BSE MidCap and SmallCap fell 2.15% and 2.59% to record new 52-week lows.
When there’s a fire, manage the leakages
The bank should announce a specific inflation target and then raise and lower interest rates as necessary to keep inflation near the target level.
High crude oil price + weak rupee = Wider CAD
While hoping for no rate action from RBI, Ind-Ra expects a macroeconomic hotchpotch if these factors sustain beyond a quarter.
