Oil Spills the Story…

Brent at US$ 83.00 per barrel, oil is at multi- year highs. Price of oil and gas has gone up as consumption remains robust and gradually moving up to the pre-pandemic levels. It is expected that the global consumption will touch the pre-pandemic levels and cross it by the first quarter of 2022. Oil consumption […]

It’s Dollar All the Way…

The US Dollar after a brief spell of sluggishness re-established its position of strength against all currency majors. This will continue well into the future mainly as the Fed starts preparing for the tapering of the bond purchases in the next two or three months. While tapering will reduce the liquidity in the system it […]

Gold May Test Lower Levels

Gold is at 1760 level, a kind of support for gold prices in the immediate term. In our update in September 2021, we had indicated 1720 and 1760 as the probable support levels for gold prices. There has been a slowdown in central bank purchases of gold in the last three months, and to add […]

Equity Markets

The equity markets have scaled new highs, with the outlook for the domestic economy quite stable and robust, given the state of the key macroeconomic indicators. The domestic investor interest has been high with the net inflows into equities through funds, in the phased investments mode, has been going up. What is giving support to […]

Bond Yields Set to Rise….

The yields may be set to rise further, with the current ten- year benchmark already at the first target 6.35%, we may see further upside towards the 6.50 % – 6.60% levels. The Central Government’s borrowing programme for the Second Half of the financial year was announced a couple of weeks back. The borrowing schedule […]

Monetary Policy: Rationalization of Liquidity the Dominant Theme

The RBI policy announced today leaves all the base rates unchanged with continuation of the existing accommodative policy. The accommodation is to continue so long as it is required, that is, economic growth should become sustainable. That the policy would be quiet on rates and active on liquidity has been the expectation by majority of […]

The Fed: One Step Closer to Tapering

The markets were not in for a surprise. The Federal Open Market Committee Meeting (FOMC) left the base rate unchanged, at 0% to 0.25%, leaving room for a slightly extended period of accommodative policy. But how long would this be? The language of the Fed statement is more reflective of the thinking of the majority […]

Succession Laws for each Class of Asset

While planning for succession one needs to identify each class of asset that a person owns or holds; identify the applicable law of succession for each asset class and accordingly take necessary steps to plan for its succession. The succession laws for various types of assetsis discussed below. I. Immovable Property 1. Sole Ownership – […]