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RBI Surprises the Street With Status Quo

Dec 5, 2019

12:18 pm

Contrary to street expectations, the Reserve Bank of India today decided to maintain the policy repo rate to 5.15% with a unanimous vote in favour of keeping rates unchanged. The MPC also kept the monetary policy stance unchanged at “accommodative”, with an objective of achieving a medium-term target for CPI of 4% within a band…

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Drifting to the Left

Dec 2, 2019

12:12 pm

• November sees muted returns from most asset classes • Watch for more left-wing drift of global politics – Germany the latest example • The US ‘gives thanks’ with good levels of retail spending • Japanese consumers don’t spend but the government will – positive for equities • Asian economy shows improvement and international investors…

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Waiting for Godot

Nov 25, 2019

1:28 pm

Waiting for Godot is a play by Samuel Beckett, in which two characters Vladimir and Estragon wait for the arrival of Godot, who never arrives, and while waiting they engage in a variety of discussions. It seems a fairly apropos representation of the much awaited emergence of growth debate in the domestic environment today. A…

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Don’t Give Up on a Fed Rate Cut

Nov 18, 2019

12:23 pm

• Fed rate cut back on the cards? • US economic data weakens – poor Q4 growth in prospect • UK equities primed for outperformance • Signs of eurozone financial sector reform • Foreign investors keep the faith in Indian assets It was almost inevitable that when the markets had moved to discount virtually no…

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