RBI policy: Tone’s hawkish, and there’s nothing ‘inadvertent’ about it
We do not communicate anything inadvertently, let me make it very clear, Governor Das told reporters during the customary interaction after the latest policy review that was earlier interpreted as setting the stage for an easing of monetary policy. If somebody is assuming it's a signal to move toward a neutral stance, I think it will be incorrect. Key Points
Economic TimesLending rates to start easing only in second half of FY'25: Report
Bank deposit rates are unlikely to rise further. But the structural shift in the system will keep downward rigidity intact. Hence, banks lending rate is expected to remain high in FY25 with some modest softening towards the end. Key Points
Economic TimesMarkets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The HinduAsia shares subdued for BOJ meeting, US inflation test
By Wayne Cole SYDNEY (Reuters) -Asia stocks slipped on Monday in a subdued start to a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S. Key Points
ThePrintAsia shares slip into BOJ meeting, US inflation test
By Wayne Cole SYDNEY (Reuters) -Asia stocks slipped on Monday in a subdued start to a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S. Key Points
ThePrintAsia shares brace for BOJ meeting, US inflation test
By Wayne Cole SYDNEY (Reuters) - Asia stocks got off to a cautious start on Monday in a week where Japan's central bank might edge further away from its uber-easy policies, while a key reading on U.S. Key Points
ThePrintNifty at record high but CLSA is still underweight on India. 5 reasons why
Despite Nifty crossing the 19,000 mark for the first time with $10 billion in foreign institutional investor inflows, global brokerage firm CLSA remains cautious on Indian equities. According to CLSA, the reasons for their cautious stance include rich valuations, margin erosion, overly optimistic earnings growth expectations, the Reserve Bank of India lagging behind other emerging market central banks in policy easing, and overbought conditions in the market. CLSA believes that other emerging markets such as Brazil, Mexico, and Indonesia are better positioned for policy easing. Key Points
Economic TimesDollar steady before Fed, euro slips on ECB cut comments
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar was steady on Monday as investors took stock of U.S. economic data ahead of the Federal Reserve policy meeting this week, while the euro Key Points
ThePrintRBI's hawkish stance, rise in crude prices could delay monetary easing
“ Elevated food and oil price risks amid still-resilient growth suggest policy easing will be delayed. We are pushing out the first rate cut from February to April, while retaining our forecast for 100bp of cuts in 2024” said a note by Nomura Research. “ Supply-side inflation shocks on food and oil are the key risks to our baseline”. Key Points
Economic TimesWith crises behind, will RBI dust off the liquidity framework?
Since the last MPC meeting in February, global financial markets have come full circle. Traders' bets have swung like a pendulum - from monetary easing to overcome an economic recession, to tightening to fight against inflation, and finally to easing for the sake of financial stability. All of that occurred in a matter of four months. Key Points
Economic Times
India's Apollo Tyres beats Q2 profit view on higher auto sales
Indian tyre maker Apollo Tyres Ltd. (APLO.NS) reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs. Key Points
ReutersAsian shares track US futures higher, bonds hold gains
By Stella Qiu SYDNEY (Reuters) - Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S. Key Points
ThePrintAsian shares meander as US inflation test awaits; kiwi slides
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks were tentative on Wednesday ahead of a U.S. inflation reading this week that could influence the timing of the Federal Reserve's easing cycle, Key Points
ThePrintAsian shares lose ground as US inflation data awaits; kiwi slides
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks eased on Wednesday in cautious trading ahead of a U.S. inflation reading this week that could influence the timing of the Federal Reserve's easing Key Points
ThePrintChina central bank leaves medium-term policy rate unchanged as expected
The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. Key Points
Economic Times
Goldman sees India to Australia easing policy earlier after Fed
Central banks across the Asia-Pacific, including India, are poised to adjust interest rates earlier than expected due to the Federal Reserve's swifter easing cycle. Goldman Sachs predicts rate cuts starting in the second and third quarters of the upcoming year for Indonesia, Taiwan, India, Australia, and New Zealand, yet foresees milder adjustments compared to the Fed's anticipated cycle. Key Points
Economic TimesRBI expected to start rate cut cycle from December this year: UBS
The Reserve Bank of India's Monetary Policy Committee (MPC) is anticipated to begin easing interest rates in December 2024, according to a UBS report. This expectation arises from an improving domestic inflation outlook, projected to be 30 basis points lower than the RBI's forecast of 4.5% for FY25, along with a global trend of monetary easing. Key Points
Economic TimesMorning Bid: Stocks drift lower again, India CPI on deck
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. With global markets gently easing back from recent highs ahead of U.S. inflation data on Tuesday, Asian markets are unlikely to Key Points
ThePrintEconomists raising India's FY25 growth forecast on good nine-month show
A revival in spending by private enterprises and tailwinds from expected monetary easing sometime later in the year are expected to keep the economy chugging at the current world-beating pace. Growth for the full year FY24 is now seen at 7.6%. An ET poll conducted before the GDP (gross domestic product) data release had pegged FY25 growth at a median of 6.5%, with forecasts ranging from 5.4% to 7.1%. Key Points
Economic TimesBajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic Times
Manufacturing activity eases to an 18-month low in December; optimism rises to a three-month high
The HSBC India purchasing managers index of manufacturing eased further to 54.9 in December compared with 56 in the previous month. However, the easing had no impact on optimism, as the year-ahead outlook rose to a three-month high. Key Points
Economic TimesIndia's manufacturing sector continues with robust performance in Nov on easing price pressures: Survey
New Delhi, Dec 1 (PTI) India’s manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P […] Key Points
ThePrintAsia shares start Dec on cautious note, oil nurses losses
By Stella Qiu SYDNEY (Reuters) - Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the U.S. are poised to cut Key Points
ThePrintIndian stocks rise after US inflation data breather
India's blue-chip stocks rose on Friday after logging losses for the past six sessions, after U.S. treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries. Key Points
ReutersSensex, Nifty bounce back on easing US rate concerns, eyes on Middle East
India Business News: Indian shares rebounded on Tuesday, following global stocks amid easing US rate concerns. The NSE Nifty 50 index rose 0.91%, while the S&P BSE Sensex Key Points
Times Of IndiaIndian shares rise ahead of RBI rate decision
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares rose on Friday, tracking gains in global equities on easing U.S. yields and cooling crude prices, while markets awaited the Reserve Bank of Key Points
ThePrintIndian shares gain as dip in crude, US bond yields lift mood
India Business News: The NSE Nifty 50 index was up 0.49% at 19,531.55, as of 10:09 a.m. IST, and the S&P BSE Sensex climbed 0.54% to 65,579.94. Asian equities edged higher Key Points
Times Of IndiaIndian shares set to open higher on easing US rate concerns
Indian shares are set to open marginally higher on Wednesday, tracking Asian and U.S. peers on easing interest rate concerns after data signalled a slowdown in the world's largest economy. Key Points
ReutersGiven the valuations,there is a reasonable chance of a correction in Indian market: Anand Tandon
There is potential market correction due to weakening global flows and the market's high valuation relative to long-term fundamental numbers. While India's domestic flows remain resilient, even mutual funds show a slight easing off in fresh investments into equity funds. Global weakness, whether due to China or the US, will eventually catch up with India, as the country's growth depends on external factors. Key Points
Economic TimesWall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business Today
easing input costs to keep retail inflation contained, says Crisil
Retail prices are expected to increase at a slower pace than last year as an easing of input costs and slower-than-expected demand weigh on consumer inflation, according to a Crisil report. Wholesale prices, which are more amenable to global price pressures, may also remain low as global supply chain pressures ease, as per Crisil. Key Points
Economic TimesAsian shares inch higher, US inflation test looms
Friday's robust U.S. payrolls report has already delivered a setback to easing hopes and any upside surprise on consumer prices would challenge bets for a rate cut as soon as September. Key Points
FinancialexpressMaruti Suzuki rises on Wednesday's early trade ahead of Q4FY23
Maruti Suzuki's sales during the March quarter increased by 5.4% on year to 5.14 lakh units thanks to strong festive demand, the easing of supply chain constraints, and the introduction of new models. Key Points
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