Rate cuts in India are now off the table: Morgan Stanley
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley
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Will the vaccine cure India's economy?
Leading economists believe the vaccine might not end the economic disruption which the Covid-19 pandemic has caused. Normalcy will come over time, and with pain.
The tale of India’s interest rates
The latest repo rate cut marks 128 policy rate actions from the Reserve Bank of India, since April 2001; the repo and reverse repo rate have been tweaked 61 and 55 times each since then.
The Modi govt’s Coronavirus conundrum
The Narendra Modi government, which is nearing the first full year of its second term, finds itself facing the toughest tightrope walk: the balance between lives and livelihood.
RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
‘Markets should start pricing in better times ahead’
Coronavirus could be a catalyst for resetting the agenda of India’s financial market reforms, says Mark Matthews, head of research-Asia, Julius Baer.
RBI measures fail to cheer markets
Both the benchmark indices closed flat after huge rallies in three consecutive days; they ended the week with over 20% gains from the week’s lows.
‘Inflation spike transitory; growth downturn durable’
Notwithstanding headline inflation being at a five-year high of 7.4%, Nomura expects the RBI to extend its pause; but the next policy move is still likely to be a rate cut in Q2 to boost growth.
Mutual funds focussed on debt in 2019
Net equity investments of mutual funds fell over 55%, while their investments in debt rose over 59% compared to 2018.
RBI buys more bonds than it sells in Operation Twist
The central bank bought long-term bonds worth ₹10,000 crore and simultaneously sold short-term papers worth ₹6,825 crore under a special OMO to address liquidity issues.
