Please see my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive, and my nonthly blogs on this subject.
Saturday 30 December 2017
India Market Map: December 2017
A monthly bird’s eye view of the performance of India’s financial markets.
Foreign Exchange
Stocks
Government Bonds
Gold
Money Market
Policy Rates
Bank Deposits
Public Provident Fund and Post Office
Home Loans
Real Estate
Foreign Exchange
Friday 15 December 2017
Fourth and Fifth Bi-monthly Monetary Policy Statements
Monetary Policy 2017-18
In the last two statements - October 4 and December 6 - RBI has continued with the repo rate at 6%. This is not surprising given RBI's thinking on the subject.
Let's look at the two key macro variables - growth and inflation.
RBI marked down the growth rate for the year, 2017-18, from 7.3% to 6.7% in the October statement, and has retained this number in last week's statement. RBI's inflation projection was raised in the second half of the year from 4-4.5% to 4.2-4.6% in October; this has been marginally raised last week to 4.3-4.7%.
RBI's 2017-18 growth forecast is based on 7% in Q3 and 7.8% in Q4.
Inflation has trended higher since June in line with the RBI's expectations. After the statement on Dec 6, November CPI number came in at 4.88%. This is slightly outside the range set out by the RBI.
Please see my earlier bogs on the subject.
In the last two statements - October 4 and December 6 - RBI has continued with the repo rate at 6%. This is not surprising given RBI's thinking on the subject.
Let's look at the two key macro variables - growth and inflation.
RBI marked down the growth rate for the year, 2017-18, from 7.3% to 6.7% in the October statement, and has retained this number in last week's statement. RBI's inflation projection was raised in the second half of the year from 4-4.5% to 4.2-4.6% in October; this has been marginally raised last week to 4.3-4.7%.
RBI's 2017-18 growth forecast is based on 7% in Q3 and 7.8% in Q4.
Inflation has trended higher since June in line with the RBI's expectations. After the statement on Dec 6, November CPI number came in at 4.88%. This is slightly outside the range set out by the RBI.
Please see my earlier bogs on the subject.
Wednesday 13 December 2017
Sunday 3 December 2017
Monitoring the NaMo Bull Market in Stocks: Update as of November 2017
According to our estimate, market cap. to GNP ratio has reached the highest level since the Modi government came to power.
Please see my blog of July 9, 2014 for the original note on using TMV/GNP ratio to gauge whether the market is cheap or expensive.
Saturday 2 December 2017
India Market Map: November 2017
A monthly bird’s eye view of the performance of India’s financial markets.
Foreign Exchange
Money Market
Bank Deposit Rates
Public Provident Fund and Post Office
Lending Rate
Real Estate Market
Foreign Exchange
Stock Market
Government Bond Market
Gold
Policy Rates
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