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The Great Leveller

Mar 2, 2020

10:33 am

“The oldest and strongest emotion of mankind is fear, and the oldest and strongest kind of fear is the fear of the unkown”Not ironically, the quote is by a horror fiction writer. And the past week of equity markets may well have been scripted by someone like that. The newly identified coronavirus Covid19, that Bill…

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Monetary Policy Review

Feb 7, 2020

10:07 am

Credit Push to Stressed Sectors, Repo Rate Unchanged The Reserve Bank of India (RBI) today decided to maintain the policy repo rate at 5.15% amid elevated inflation. The MPC decided to keep the monetary policy stance unchanged as “accommodative” with an objective of achieving a medium-term target for CPI of 4% within a band of…

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Will Risk Aversion Go Viral?

Feb 4, 2020

11:39 am

• Markets hoping coronavirus is SARS-like. • Bonds have discounted a more marked slowdown in global growth than equities. • Central bankers back in action but policy tools are quite blunt • Gold approaching $1600 remains an asset of choice The coronavirus continues to dominate the headlines and as yet still does not appear to…

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Union Budget FY20-21

Feb 1, 2020

2:40 pm

Budget Highlights The budget tried to accommodate expectations of various set of groups and attempted to take balanced approach in terms of allocation with focus on developing rural economy, infrastructure, healthcare and education. While equity markets were expecting some big bang reforms to revive demand situation amidst slowing economy, budget lacked major measures to immediately…

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