The Indian IPO market helped raise nearly $2 billion during the financial year 2016-17. It is estimated that in the coming year 2017-18, the IPO market will help raise nearly $5.5 billion worth of fresh money. IPO booms are nothing new to India. We have seen IPO booms in 1992, 1994, and 1999 and again …
The minutes of the Monetary Policy Committee (MPC) held on August 01st and 02nd were published by the RBI on 16th of August. The MPC minutes essentially captures the gist of the discussions of the 6 members of the MPC and also their justification for the rate action recommended. Interestingly, there was a lot more …
Back in December 2016, the USD-INR was quoting at Rs.68.5/$. The rupee had weakened sharply in the aftermath of the demonetization drive and was threatening to convincingly break the lows of August 2013. Most currency experts and analysts were of the view that in Real Effective Exchange Rate (REER) terms, the rupee was already overvalued …
The month of July 2017 saw a marginal 3.94% growth in exports on a YOY basis but there was a perceptible fall in imports on an MOM basis which led to the trade deficit coming down. The big worry for exports growth has been the strong rupee. In fact, the INR strengthened from Rs.68.5/$ to …
CPI inflation for the month of July 2017 came in almost 90 basis points higher at 2.36% compared to 1.46% in the month of June 2017. Of course, the July inflation is still sharply lower than the 6.07% recorded in July 2016 but at a time when the inflation is going through a structural shift, …
The IIP number for the month of June 2017 came in sharply lower at -0.1% compared to 1.7% in the previous month of May 2017. A correction in the IIP was expected in the month of June due to the impact of the GST launch, although it was not expected to dip into negative territory. …
The second part of the Economic Survey for the fiscal year 2016-17 presents a fairly mixed picture of the Indian economy. There have been some positives in the form of lower inflation and the implementation of GST, both of which could have long-term positive implications for the Indian economy. On the downside, the Economic survey …
The core sector update for the month of June 2017 came in below expectations at a level of just 0.4%. As is well known, core sector accounts for 40.27% of the constituents of the IIP and hence a positive trend in the core sector is very important for a proper revival in the IIP numbers. …
There was actually little surprise in the markets when the Monetary Policy Committee (MPC) finally announced a 25 basis points cut in the monetary policy announcement on 2nd August. The debate among traders and economists was more around whether the actual rate cut would be 25 basis points or 50 basis points. In fact, the …
The trade data for the first four months of fiscal year 2017-18 has followed a standard pattern. Exports have been on an uptrend but imports in each of the months have been growing much faster. In fact, the average monthly trade deficit has also settled at a much higher plane compared to what we had …
