From a two- to three-year perspective, the market looks reasonably rewarding after the recent correction.
In a Q&A, the lead author of IMF's Asia and Pacific Outlook, dwells on the impact the Fed's move on the benchmark rate could impact India
"We have to run the country and not ruin it by taking dictations," said the former Finance Minister, reported Geo News
Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position
Excess policy accommodation will affect growth
In a Q&A, Mrinal Singh, CEO & CIO of the firm, says Indian markets are better placed than other EMs and there are enough bottom-up opportunities
In its April 8 monetary policy review, the Reserve Bank of India (RBI) signalled that from being supportive towards growth, its focus would now shift towards reining in inflation
That it's not far away is a reality, and the Indian central bank is not in denial mode. Despite the rate not being increased, formally, there couldn't have been a more hawkish policy last week
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up business. More on that story in our top headlines.
In the April policy, a change to a "neutral" stance will provide the MPC with more operational flexibility to move in case the inflationary pressures intensify
RBI has fallen behind the curve
The first big policy test of the new financial year will be the monetary policy review next week.
Address risks before introducing CBDC
Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy
RBI Governor Shaktikanta Das underlined the need for an effective communication strategy at the central banks, stressing that "monetary policy is an art of managing expectations".
'The time to ditch the Covid stuff from the monetary policy has come,' says Jayanth Rama Varma.
IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years
These firms account for 10% of bank credit in India, shows the study
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RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation