Monetary Policy Update

Oct 5, 2017

4:57 am

Repo Rate Maintained at 6%, Policy Tone Remains Neutral The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6% in an “effective” 5-to-1 vote. 5 voted for status quo, while Dr. Ravindra Dholakia voted for a 25bps cut. The Monetary Policy Committee maintained its neutral stance on monetary policy…

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A Shot in the Foot

Oct 4, 2017

1:26 pm

Thirty years ago, no one could have foreseen the huge expansion of the Vietnam war, wage and price controls, two oil shocks, the resignation of a President, the dissolution of the Soviet Union, a one day drop in the Dow of 508 points, or treasury yields at 2.8% and 17.4%. But surprise, not one of…

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Market Update

Sep 25, 2017

10:14 am

Markets sold off sharply late last week, with the Fed proving to be the trigger for the carry trade unwind and FI selling. FIs have been regular sellers all month, but their selling picked up steam post the Fed announcement. GST is Extending Working Capital Cycles and Causing a Slowdown, Particularly in Exports… There is…

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Sanctum PMS 1 Year Performance & Investment Outlook

Sep 18, 2017

10:11 am

“The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg We are pleased to report performance for Sanctum’s PMS, which completed one year of operations last Thursday. A dominant theme centered around valuation and…

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