India: Fiscal Slippage
Two recent developments confirm that India's chances of meeting its 3.2% of GDP budget deficit target for FY2018 are fading. First, data from the...
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Chart of the Day: Down The Rabi Hole
India's Q3 GDP data showed a welcome re-acceleration in growth after five successive quarters of slowdown. But, at 6.1% y/y, gross value added...
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Zar Assets: New Sell-Off
SYNTHESIS1. ZAR depreciation with a higher volatility: EURZAR expected to rise since the start of the combined bullish trend EUR / bearish...
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RBI: Hawkishly Neutral
RBI's Monetary Policy Committee (MPC) kept its key policy rate - the repo rate - unchanged at 6% as widely expected in a 5-1 split vote. While the...
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Chart of the Day: Cementing The Recovery
India's Q3 GDP data were better, but still some way from good. Gross Valued Added (GVA) growth picked up to 6.1% y/y from Q2's desperately...
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