Macros disappoint as July trade figures show the slowest rise in exports, but trade deficit too has fallen to USD 11.45 billion, down 12 percent from months ago levels. In an interview to CNBC-TV18, A Prasanna, Chief Economist at I-Sec PD spoke about the same.
The Reserve Bank of India (RBI) in its monetary policy meeting will announce its latest decision on interest rates, where it is expected to maintain status quo or cut the repo rate by 25 basis points (bps) to 6 percent.
In a pre-Budget discussion on CNBC-TV18, Sajjid Chinoy, Asia Economist at JPMorgan, A Prasanna, Economist at ICICI Securities and Rathin Roy, Director and CEO, NIPFP listed their views on how the policy framework should be this year.
In an interview to CNBC-TV18, Sajjid Chinoy of JPMorgan and A Prasanna of I-Sec PD shared their readings and outlook on the two fundamental numbers of inflation and Index of Industrial Production (IIP).
The upcoming Budget slated for February 1 will not have much to offer if there is no consensus on the Goods & Services Tax (GST) Bill, believes A Prasanna, Chief Economist at I-Sec PD.
The Reserve Bank of India will hold its bi-monthly policy meet today. Experts expect 25 basis point (bps) cut. But, probability of a 50 bps cut cannot be ruled out, says Vivek Rajpal, Rate strategist at Nomura India.
Speaking to CNBC-TV18 A Prasanna, Chief Economist, I-Sec PD, said that the economy is unlikely to recover fully in Q3.
The Reserve Bank of India on Tuesday released the minutes of the first monetary policy committee (MPC) meet.
A Prasanna, Chief Economist, I-Sec PD is of the view that the statements coming out of the Monetary Policy Committee (MPC) today would be dovish even if RBI does not cut rates today.
Anant Narayan of Standard Chartered Bank, said that the current trend of risk-on play should continue. “We are seeing inflows coming through,†he said, adding that FCNR repayment ought to be contained. He believes the RBI will continue to mop up dollars.
In an interview with CNBC-TV18, A Prasanna, Chief Economist at ICICI Securities Primary Dealership, said the house maintains its FY17 GVA estimate at 7.6 percent as the Q1 GVA number released yesterday was not very disappointing.
Anshula Kant, CFO of SBI, and A Prasanna, Chief Economist at ICICI Securities PD talk about their expectation from the RBI monetary policy meeting.
Economic Affairs Secretary Shaktikanta Das said the government is committed to structural reforms and other measures mentioned in Budget. "The 4 percent inflation target has demonstrated the government‘s commitment to undertake reform measures."
The Reserve Bank of India has also been steadily building dollars to help meet USD 20 billion in expected outflows in September tied to maturing dollar deposits - or the foreign currency non-resident (bank) deposits - raised during 2013 when India was in midst of a currency crisis.
In an interview with CNBC-TV18, A Prasanna, Economist at ICICI Securities Primary Dealership, talked about his takeaways from yesterday's inflation data, which rose to 5.76 percent in May.
In growing contrast with the government, which is desperate to accelerate a sluggish recovery, an increasingly independent RBI under governor Raghuram Rajan remains focused on a long-term inflation target of 4 percent and ending decades of damaging price volatility.
According to A Prasanna, Chief Economist at I-Sec Pd there could be a knee-jerk reaction in bonds post September 29 rate cut by RBI, provided rupee remains stable.
With price pressures at record lows, expectations are building that the RBI will lower borrowing costs by at least 25 basis points (bps) at its next policy review on September 29, after three cuts earlier this year.
A Prasanna, chief economist at I-Sec PD, says the RBI had been very clear the last time that it is frontloading the rate action.
A Prasanna of ICICI Securities expects June CPI to come in at 5.06%. According to him, if food inflation continues to be benign, then even if monsoon is below expectation, RBI will take some comfort.
Commercial bankers say it would be easier to reduce lending rates, as the RBI has urged them to do, if surplus liquidity prevailed for some months.
Reserve Bank of India (RBI) Governor Raghuram Rajan has cut interest rates three times this year to boost growth, but he has since warned he will not cut again if poor rains drive up prices and threaten his inflation target.Bond and stock traders in Mumbai have been left compulsively checking weather forecasts.
April stood out as a benevolent month for industrial productivity, which SBI economist Soumya Kanti Ghosh describes as best April numbers seen in the last few years.
In an interview with CNBC-TV18, ICICI Securities Primary Dealership chief economist A Prasanna outlined his view on what he expects the Reserve Bank of India to do today.
Post the GDP number of 7.3 percent for last year and today's PMI and core sector data. What are economists saying about the growth prospects this year? Manasvi Ghelani finds that economists are deeply divided. Half of them see growth improving to 8% this year; the other half see a repeat of 7.5% tally. Here's her report.