India: Why Are Services Exports Not Rising?
India’s (net) services exports has historically been an important offset to widening deficit on the merchandise account. However, last few years...
428 Views
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...
483 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...
392 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....
315 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...
285 Views