The US Federal Reserve held US Fed Funds rates steady in the range of 5.25 per cent to 5.5 per cent and more importantly indicated rate cuts in the next year, which triggered a sharp rally in the US and domestic bonds.
Read more
The RBI MPC decided to keep the policy rate unchanged at 6.50 per cent and maintained stance at the withdrawal of accommodation in its December policy review, much in line with broader expectations.
Read more
RBI will announce its policy decision on 8th Dec'23 and is expected to maintain status quo on policy rates and stance amidst continued upside in price pressures and robust Q2 growth print released recently.
Read more
The real GDP growth for the second quarter stood at 7.6 per cent, standing significantly higher than RBI’s projection of 6.5 per cent for the quarter.
Read more
At 12.1 percent, the growth in India's eight key
infrastructure industries last month is well above
the 8.1 percent recorded in
September. The commerce ministry, on November 30, revised this figure to
9.2 percent.
The Indian bond markets opened today to the pleasant and much awaited news of being finally included in a major bond index, i.e. JP Morgan Government Bond Index-Emerging Markets (GBI-EM), which is expected to have far reaching impact on bond and currency markets.
Read more
India's Current Account Deficit fell to $1.3 billion (0.2% of GDP) in Q4 of FY2023 from $16.8 billion (2% of GDP) in Q3 FY2023, and $13.4 billion (1.6% of GDP) a year ago.
Merchandise Trade Deficit widens to $22.1 billion in May amid
declining exports and imports. India's exports fell 10.3 per cent y-o-y to
$34.98 billion in May this year.
The June US Fed monetary policy verdict came in as expected with Fed pausing and maintaining the federal funds rate in the range of 5.00 per cent to 5.25 per cent with no dissent on the decision.
Read more
India’s WPI dips to -3.48 per
cent in May from -0.92 per cent in April, on account of a decline in prices across
all major categories.
Copyright 2023 PNB Gilts Limited | All right Reserverd
