Rupee Vs Dollar
In the aftermath of the Covid shock, interest rates in the US moved down to near zero to support the economy. Low-interest rates in the US and other advanced economies increased the interest differential and attracted dollar inflows in an emerging market like India. Since the beginning of 2022 FED has indicated that it will move its focus from ultra-accommodative monetary policy to...
Daily Market Analysis – 19th May 2021 (Inflation)
Inflation and its impact on an overall economy Retail Inflation in April is 4.3% which is well within the range of RBI. Inflation is measured by the CPI and the wholesale price index (WPI). The CPI measures changes in prices of essential commodities at the consumer level, while the WPI notes changes at the producer level.The commodities considered for measuring the WPI are manufactured...
RBI Monetary Policy
The Monetary Policy Committee is entrusted with the responsibility of deciding the different policy rates including MSF, Repo Rate, Reverse Repo Rate, and Liquidity Adjustment Facility. Monetary Policy Committee (MPC) has six members and the main objective of this body is to maintain price stability and boost up the growth rate of the country’s economy.The MPC also maintained an accommodative...
Daily Market Analysis – 9th Feb 2021
Adani Group checks into Mumbai Airport by acquiring 23.5% stake; on way to 74% ownership of MIAL The Adani Group has formally checked into Mumbai International Airport Ltd. by acquiring a 23.5 %stake in it held by two foreign firms ACSA and Bid Service Division Mauritius Ltd (Bidvest) Rs 1685.2 cr.Adani Group is going to acquire a 74% stake in MIAL, by getting the right to develop the...
Daily Market Analysis – 07th Jan 2021
Bad Banks plan back on the table to tackle NPA’s as covid assistance businesses come to an end, The government is considering the idea of bad banks. A bad bank is an entity that purchases non-performing asset (NPA) from banks at market price, clearing the balance sheet, and improving fundraising capabilities. The government is examining the entity-based model – in which acquiring NPA of the...
Daily Market Analysis – 30th Nov 2020
IRDA gave approval for the merger of Bharti Axa General with ICICI Lombard. The deal would help ICICI Lombard become the third-largest non-life insurer. The merged business will have a market share of around 8.7 percent on a Pro-forma basis. Bharti Enterprises currently owns a 51 percent stake in Bharti AXA General Insurance, while French insurer AXA has 49 percent. Post demerger, Bharti AXA...