After a prolonged period of strength, the US Dollar lost some ground against all major currencies in the recent weeks, a phenomenon witnessed after a long time. The weakness was more marked against the Euro, Pound Sterling, and the Japanese Yen. While the pandemic worsens in the US with no relief seen in the near […]
Month: August 2020
Gold surges amid gathering clouds
Gold price surged past the US$1900 level continuing its trend which has been intact since September 2019. While in the initial phases of the rally it was strengthened by the uncertainties around the global economy mainly emanating from the trade war between the US and China, and the reduction in the base rate in the […]
RBI Policy Update
STATUS QUO ON RATES Monetary Policy Committee of the RBI has left the base rates unchanged in the announcement today. This is on expected lines as the RBI was expected to maintain status quo and stress more on the accommodative stance, liquidity enhancement measures and restructuring of the loan portfolios. The cumulative reduction of policy […]
Equities reclaim much of the lost pre-pandemic ground…
The equity indexes have reclaimed, in the last two months, most of the losses from the pre-pandemic period. The rally has just happened close on the heels of a drastic fall, and therefore, it is only natural that the question of whether the rally is sustainable or not may come up from time to time. […]
Pandemic takes its toll, policy-orientation anchored to liquidity…
The FOMC meeting which concluded on July 29, kept the Fed Funds Rate, the key policy rate, anchored in the range of 0 to 0.25%. This was on expected lines. The FOMC statement clearly said, “The path of the economy will depend significantly on the course of the virus”. Apart from keeping the rates unchanged, […]
Food and Fuel inflation push headline numbers higher…
The availability of data improved in the month of July, as the data was available from 95% and 92% of the urban and rural centres respectively from the earmarked centres. The quality of numbers has thus improved and may find due consideration from the policy makers. The headline CPI based inflation was reported at 6.93% […]
Mere accumulation will not help wealth creation but investing wisely would
Financial freedom is an essential pre-requisite to realize the other freedoms in life, and also to make life more effective and meaningful to the society and the fellow beings. This constitutes the freedom to save, invest, create wealth, and enjoy its fruits, which embodies access to markets, products, appropriate government policies etc. Any deficiency in […]
RBI Policy Update
Status Quo on Rates Monetary Policy Committee of the RBI has left the base rates unchanged in the announcement today. This is on expected lines as the RBI was expected to maintain status quo and stress more on the accommodative stance, liquidity enhancement measures and restructuring of the loan portfolios. The cumulative reduction of policy […]
