Brent has moved up quite in line with expectations towards US$ 60 from a level US$ 53 about a month back. The rise in oil prices has been supported by several factors in the last three months. The most prominent factor is the output restrictions by OPEC + and more conspicuously by Saudi Arabia. The […]
The currency markets, which witnessed a fall in the US Dollar, against the currency majors has reversed the trend for the time being. The gains made by the US Dollar is more pronounced against the Euro and Japanese Yen. Against Yuan, it has held its position well at stable levels, whereas against the Pound Sterling […]
Gold after making an all-time high of US$ 2067 in August 2020, corrected down to the 1890 and 1860 levels. Currently, gold is trading at around the 1840 level. The pull back in gold prices is probably a prelude to testing lower levels, and as indicated in our last update, technically, the resistance levels will […]
The two recent events of consequence to fixed income have been the budget and the monetary policy announcement. The budget has announced an additional borrowing of Rs.80,000 Crs for Feb and March, the original borrowing plan was getting over by Jan 21, end. While this additional borrowing is not that much unexpected, that there is […]
The equity markets started the rise with the accommodative policy of the central bank which provided ample liquidity as well as targeted support for select sectors. The expansionary fiscal policy also provided the much-needed support at a time when economic growth was not happening and there was general economic distress. This paved the way for […]
The RBI released its own budget-like document, wherein it reiterated its commitment towards an accommodative policy to support growth and also came out with supportive measures to ensure flow of liquidity to segments of the economy immediately in need of it. In this context, while on the one hand RBI announced phased restoration of CRR […]
The US economy is going to benefit from the fiscal spending that the government has already initiated, and more is expected from the new dispensation which assumed power last month. The tough line against China, Russia and Iran is going to be in place but the approach to the specific issues may be different from […]
The budget announcement for FY22 was keenly awaited as it was declared against the backdrop of a global pandemic. The economic activity across the globe came to a virtual standstill owing to the lockdowns imposed to control its spread. On the one hand budget was expected to be growth supportive, but there were cautions being […]
The CPI based inflation eased for the third consecutive month on the back of fall in prices of food articles; headline CPI inflation was reported at 4.06% for the month of Jan’21 as compared to 4.59% for the preceding month and 7.59% during the year ago period. The headline inflation numbers touched a sixteen-month low […]
Emkay Wealth Management’s head of research Joseph Thomas says the Reserve Bank of India’s plan to hike the cash reserve ratio (CRR) will have an impact on the cost of borrowing for corporates as well as other borrowers. In its final bi-monthly monetary policy review, the Reserve Bank of India left repo rates unchanged at 4 percent and kept […]
The RBI released its own budget-like document, wherein it reiterated its commitment towards an accommodative policy to support growth and also came out with supportive measures to ensure flow of liquidity to segments of the economy immediately in need of it. In this context, while on the one hand RBI announced phased restoration of CRR […]
It is not unusual for people to have a heap of expectations from the budget and it is more so after a year of extreme economic distress, job losses, and demand destruction. The government and the Reserve Bank of India initiated several measures to combat the adverse economic conditions. This resulted in an infusion of […]
The budget announcement for FY22 was keenly awaited as it was coming in the backdrop of a global pandemic. The economic activity across the globe came to a virtual standstill owing to the lockdowns imposed to control its spread. On the one hand, budget was expected to be growth supportive, but there were cautions being […]
