
'US equities will feel the pain, but economy will survive'
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
Central Banks globally have accumulated gold reserves this year at a pace not seen since 1967.
The global equity markets will remain volatile in H1 2023, but things will improve in the second half, says Naren, ED & CIO, ICICI Prudential Mutual Fund.
The expected annual range for USD-INR is 77-84.5 for 2023, says South Korea-based Shinhan Bank in its recently published report.
“Inflation in India is in reasonably good shape right now, compared to the rest of the world,” says Diamond, who won this year’s Nobel Memorial Prize in Economics.
In dollar terms, however, India is down 7% YTD vs 19% for the US.
The Sensex and Nifty are poised to open lower on Wednesday, in line with global equities as investors remain concerned about a potential global recession.
The BSE Sensex has fallen 2,575 points, or 4.3%, in the last four trading days, while the Nifty50 has lost 800 points, or 4.5%, during the same period.
The RBI is widely expected to raise the policy rate by another 50 bps at its policy meeting at the end of this month
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.