The peak in gold prices at US$ 2067 coincided with the weakness in the US Dollar against the currency majors. But there has been some revival, though not significant, in the Dollar exchange rates, in the last one month. The correction in the gold prices to US$ 1850 levels too was in alignment with the […]
Month: October 2020
Equities Broadly Range-Bound, Tech And Banking In Focus…
The domestic economy has now come to the fag end of the lockdown era with more concessions granted to business entities to open their gates and start work. But the actual implementation of the liberalized scheme of things would depend very much on the state governments, as the intensity of the controls required from state […]
Long End, Market Willing To Buy But At Its Own Price….
The recent events point towards a gradual build-up of pressure at the long end of the curve. The devolvement at the government securities’ auctions is a clear indication of the markets’ fatigue in absorbing long dated papers at sub-6 % yields. It also means that across investor spectrum the feelings towards auctions is more or […]
Pandemic And Election Reign The Stage…
The pandemic and the ensuing presidential elections dominate the scene in the US, and Brexit is also gradually coming back as an issue in the UK and Europe. The second wave of the pandemic has hit a number of countries in Europe which is likely to disrupt their economies further whereas there are no signs […]
CPI Surges Ahead, Riding on High Food Inflation
The CPI based inflation surged further and was reported at 7.34% for the month of Sep’20 as compared to 6.69% for the preceding month and 3.99% during the year ago period. The inflation numbers have remained sticky above the 6% level and breached the 7% mark for the third time in CY2020. The elevated levels […]
IIP: Sixth Consecutive Month of Contraction
The IIP number remains in contractionary zone but continued its path to gradual recovery. The IIP contraction for the month of Aug’20 was reported at 8% as compared to 10.8% in the preceding month and 57.3% in the month of Apr’20. The pace of recovery has lost some steam, and this was largely expected as […]
RBI Policy Review: Accommodative with Liquidity Focus
In the monetary policy review, the RBI kept the repo rate unchanged at 4%, and all the other policy rates too, remain unchanged. The RBI will continue the accommodative stance of the policy for this financial year and into the next year depending upon the requirements of growth. The RBI policy that has been announced […]
