Raining Cats and Dogs - July 16
In our June newsletter, we had highlighted that uncertainty over Brexit vote and FOMC meet would induce stock market volatility, and the ensuing...
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INDIA: Downside Risk to Rupee as Trade Data Remain Weak
After 18 months of consistent decline, exports recorded a marginal uptrend in June 2016 while the rate of decline in imports slowed. Exports grew...
171 Views
Masala Bond Market: HDFC Makes a Start; Ride Unlikely to Be Smooth; INR Outlook to Guide This Market
HDFC has become the first Indian issuer to a masala bond after it raised Rs30bn (US$450m) by selling a 3-year one-month maturity rupee denominated...
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INDIA: IIP Anemic Growth of 1.2% Inconsistent with GDP Growth of over 7%
The Index of Industrial Production (IIP) rose by an anemic 1.2% y-o-y in May 2016 after having declined by 1.3% y-o-y in April 2016. However, on a...
170 Views
L&T Infotech IPO - Inexpensive but Unexciting
Larsen & Toubro Infotech (LTI) plans to raise up to US$184m in its IPO through a sell down by its parent, Larsen & Toubro Ltd.In our...
225 Views