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Markets looking forward to bailout

But the currency could take a hit if rating agencies respond unfavourably

Topics
Coronavirus | NTPC | Lockdown

Devangshu Datta 

Devangshu Datta

The latest Purchasing Managers’ Index (PMI) numbers led to panic in the retail investment community. It is worthwhile explaining PMI. The PMIs are surveys.

Senior business executives in various sectors are asked if there’s an improvement, a deterioration, or no change in business conditions, compared to a month ago. Responses are normalised on a scale of 0-100 where any number above 50 represents expansion, 50 is equilibrium, and anything below 50 is contraction. These responses are sub-divided into Services and Manu­facturing to create two sector indices. So, the ...

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First Published: Sun, May 10 2020. 20:09 IST
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