Free Trial

INDIA: Country Wrap:  RBI Governor Remains Hawkish. 

INDIA
  • The RBI considers its job is “not finished” till inflation settles around its target of 4% on a durable basis, Governor said Thursday (source: BBG).
  • The slack in speed of economic activities observed in the second quarter of the current financial year is "behind us," according to the RBI November bulletin (source: BBG).
  • India’s NIFTY 50 has opened Thursday very weak, down -0.75%.
  • INR – Rupee remains very stable at present trading around 84.43.
  • Bonds: having moved marginally lower in yield yesterday, India’s 10-year government bond edged up in yield 1bp this morning to 6.855%.
92 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The RBI considers its job is “not finished” till inflation settles around its target of 4% on a durable basis, Governor said Thursday (source: BBG).
  • The slack in speed of economic activities observed in the second quarter of the current financial year is "behind us," according to the RBI November bulletin (source: BBG).
  • India’s NIFTY 50 has opened Thursday very weak, down -0.75%.
  • INR – Rupee remains very stable at present trading around 84.43.
  • Bonds: having moved marginally lower in yield yesterday, India’s 10-year government bond edged up in yield 1bp this morning to 6.855%.