DK Joshi, Chief Economist, CRISIL is also not surprised at the negative IIP number for December and expects the weakness to continue over the next 2-3 months.
The Indian rupee recorded an all time low on Thursday by closing at 68.75 levels. There should be not much worry on the rupee side after this correction, says Ashutosh Khajuria, ED of Federal Bank.
The new and old 10-year benchmark bond yields are likely to trade within a band of plus/minus 2 basis points, says Ashutosh Khajuria, Federal Bank.
We expect the 10-year benchmark yield to continue to trade between 7.07-7.12 percent, says Ashutosh Khajuria of Federal Bank.
Bond yields will continue to be rangebound between 7.47-7.50 percent for the 10-year benchmark till June 12 when we get the next CPI tick, says Ashutosh Khajuria, Federal Bank.
A 25 basis point cut by the Reserve Bank of India has already been factored in by bond markets, and yields are unlikely to move by much should it take place, says Federal Bank Executive Director Ashutosh Khajuria.
Khoon Goh, Senior Rates Strategist at ANZ Research says the weakness in Indian currency is purely in line with other Asian currencies. He expects Yuan to touch 6.65 by the end of the year.
Expect new 10-year benchmark yield in range of 2 bps from yesterday's close, says Ashutosh Khajuria, Federal Bank.
We could see the 10-year benchmark yield below 7.7% by the weekend, says Ashutosh Khajuria, Federal Bank.
Ashutosh Khajuria , President of the Treasury Division at Federal Bank in an interview to CNBC-TV18 shared his view on where the rupee is headed going forward.
Going by the 6 currency basket against which RBI monitors rupee, rupee was overvalued by 10 percent, even before the Chinese devaluation, says Ashutosh Khajuria, President -Treasury, Federal Bank.
The rupee depreciated 0.36 percent to touch 65 to a dollar against yesterday's closing of 64.77.
South-based lender Federal Bank is dealing with two loans totalling up to Rs 200 crore, which are under stress and may turn into a non-performing assets, a top official said Tuesday.
The 10-year government bond will be in the levels of 7.78-7.85 , in near term on the back of ‘good micro-numbers‘ says Ashutosh Khajuria of Federal Bank.
Ashutosh Khajuria, Federal Bank does not see the RBI intervening if the rupee falls by another half to one percent.
Bonds moving towards the end of June quarter could see pick up in prices, says Ashutosh Khajuria, Federal Bank.
Retail inflation as measured by Consumer price Index (CPI) for the month of April came in at 4.87 percent as against 5.25 percent in the previous month. A CNBC-TV18 poll expected the data to soften to 5.04 percent.
Ashutosh Khajuria of Federal Bank expects the Indian currency to trade in 63.90-64.50 range against the dollar going ahead.
India‘s current account deficit (CAD) narrowed to USD 8.2 billion or 1.6 percent of GDP in Q3 of 2014-15 from USD 10.1 billion or 2 percent of GDP in Q2.
Ashutosh Khajuria does not see a flight of capital anytime soon. He also feels there won‘t be much of a turbulence of the dollar-rupee front, but the Indian currency may appreciate vis-Ã -vis the euro. He says till March, anything between 63-64 per dollar will be good.
The government's recent ordinances show the intent of the government on fiscal reforms and it will have a positive impact on FII inflows and also the money that is already in India, says Ashutosh Khajuria of Federal Bank.
The capital goods growth for the month of August stood at -11.3 percent versus -3.8 percent month-on-month. The manufacturing also contracted to -1.4 percent against -1 percent from the previous month.
A CNBC-TV18 poll of economists has estimated IIP to come in at 2.4 percent on the back of a pick up in industrial activity and better core sector numbers.
Bond traders are taking fresh positions after a fall in crude prices globally – with Nymex at a 17-month low and Brent at over 2-year lows. "The bond market is reacting to savings due to fall in crude prices," says Ashutosh Khajuria.
“The slightly better number is because the farm sector numbers are slightly up and from the break up it seems even the services sector barring trade, hotels bit, the other segments of the services sector would have kind of done well,†says Gaurav Kapoor of RBS Bank.