As yields dropped on the reform news, good news kept raining on the markets with Duvvoori Rao going ahead with the much pressured rate cut of 25 bp to give industry a chance to shore up the IIP froma low 0.1% last week to better reports than the expected turnaround in April 2013/June 2013. The … Continue reading
It just hit me that with the fixed Income markets moving so tenuously, the yields of 8.44% ruling on 10?Y today will likely be wiped out within 2 weeks of the trading after a 25 bp rate cut, as markets also expect yields to go back to even 9% and RBI unlikely to follow up … Continue reading
Global sentiment has again turned in favor of India as a leader of the trend of survival led growth, thaat is bleeding the best of developed world markets dry with expectations of QE fuelled growth that are increasinglytemporary growth humps on the chart and trending down like a dampening whale’s breath on each injection of … Continue reading
Inflation data from the CPI index considered more carefully in global monetary policy is ready with the CSO declaring data from tomorrow ( see last paragraph) However as we pointed out in a post minutes ago, the Fixed income yields are almost tentatively poised at 8.2% with the markets a primary reason for the tentativeness … Continue reading
The Topline at the bank hardly grew 10% over last year to INR 25.06 bln or hardly $500 mln and just INR 1 bln up or 4% from Q1 June 2011 of INR 24.11 bln While Top line and hence Balance sheet size is almost the same ($45 bln @$1=Rs50) the bank has halved its … Continue reading
