India: Trade Balance Continues to Worsen, but There Is a Silver Lining
India’s trade balance continues to worsen. In the last three months (August – October), the trade deficit increased by 32% YoY. But the sharp fall...
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This Week in Macro: RBI V Govt, Italy Budget, GBP Brexit Scenarios, Short MXN, Prefer M'sia > India
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: EUR-GBP: Lots of moving parts involved,...
544 Views
India & RBI - No Resignation, No Rate Increase, No Upside
RBI Governor Urjit Patel is not going to resign and nor are interest rates going to rise again this year. Even so we see no upside. The Indian...
423 Views
India: Core Inflation Reverses Trajectory, but MPC Likely to Stay on Hold
Although headline CPI for October was fairly benign at jus 3.3% and well inside the MPC's target of 4%, the details of the data were not so benign....
464 Views
India: Money Markets Remain Stressed but Banks Picking up the Slack
The IL&FS crisis continues to impact money markets. October saw almost US$6bn of lower CP issuances relative to the trend on top of a US$9bn...
366 Views