Rajeev Malik

Brokerages and analysts are pinning their hopes on Union Budget to deliver income tax sops to help reduce pain induced by the government‘s demonetisation drive.

Demonetisation: Good for bond mkts, short-term negative for equities, says CLSA

Commenting on emerging markets and India‘s demonetisation drive, Wood said that demonetisation will be negative for equities in short term, adding that the move is a positive for bond and currency markets. Besides, demonetisation will lead to increase in deposits in banks, Wood said.

India doesn't need a weaker rupee to boost exports: CLSA

India does not need a devaluation of rupee for now, says Rajeev Malik, senior economist at CLSA. At this point currency devaluation could be a costly affair. It may spook investors and may impact capital flows.

See one more RBI rate cut; rupee to depreciate:CLSA's Malik

On the currency front, it is still more of a dollar story over the next 12-months and rupee will depreciate gradually with the dollar strengthening, says Rajeev Malik, Senior Economist at CLSA.

Expect CPI to ease around 7.5%: Rajeev Malik

We expect an extended pause rather than interpreting the RBI's guidance that policy rates have peaked, says Rajeev Malik, CLSA.

RBI may raise rates by 25 bps: Rajeev Malik

The nasty surprise was on CPI inflation, which jumped to 11.2 percent YoY in Nov. The increase was led by a spike in food inflation which topped 14.7 percent YoY. This raises the probability of the RBI raising rates again by 25 bps at the December 18 policy meeting, says Rajeev Malik of CLSA.

RBI not done with tightening yet: Rajeev Malik

November inflation data will be the final input in deciding whether RBI raises interest rates in December or early next year, says Rajeev Malik of CLSA.

Expect repo rate to rise 8.25%: Rajeev Malik

RBI will have to tighten policy to ensure attractive inflation-adjusted returns to depositors, says Rajeev Malik, CLSA.

Repo rate likely to be at 7.75% by FY14-end: Rajeev Malik

Indian policy makers and investors are underestimating the pressure on the currency and local interest rates from global liquidity tightening, says Rajeev Malik, CLSA.

India needs weak rupee; RBI to be hawkish today: CLSA

“The pleasant current wave of global risk-on doesn‘t change the hard reality of the uncomfortably high inflation for the RBI,” Rajeev Malik wrote in a note to clients this morning.

RBI to signal a hawkish tone: Rajeev Malik

The increased global risk-on will be unequivocally positive for rupee, equities and bonds, says Rajeev Malik, CLSA.

10-year yield seen between 8.25-8.5%: Ramanathan K

Continued OMO purchases would act as a cap in long bond yields, says Ramanathan K, CIO, ING Investment Mgmt.

Rupee gains 41 paise in opening trade at 60.47/dollar

On Monday the Indian rupee opened higher by 41 paise at 60.47 per dollar versus 60.88 Thursday. "RBI has announced issuance of short-term paper to mop up liquidity in order to stabilise the rupee. The rupee will have a marginal positive reaction, but other asset classes such as bonds and equities will likely be weaker, says Rajeev Malik, CLSA.

CLSA retains 2014-end forecast of rupee at 65/USD

RBI has announced issuance of short-term paper to mop up liquidity in order to stabilise the rupee, says Rajeev Malik, CLSA.

Fitch must be regretting outlook upgrade of India: CLSA

Indian markets have been resilient on the back of global liquidity conditions, so long-term investors may still find the ongoing correction attractive, says Rajeev Malik of CLSA.

Rupee gains 37 paise in opening trade

The Indian rupee opened higher by 37 paise at 59.39 per dollar versus 59.76 yesterday. "RBI is more likely to prefer sucking out liquidity via bond issuance to ensure that interbank rates remain well above the repo rate, says Rajeev Malik of CLSA.

CRR hike on July 30 cannot be ruled out: Rajeev Malik

Tactically, the RBI is more likely to prefer sucking out liquidity via bond issuance to ensure that interbank rates remain well above the repo rate, says Rajeev Malik, CLSA.

Rupee fall has no full stop; may see 65/$ in FY14: CLSA

The RBI is not wedded to managing the rupee on the basis of real effective exchange rate (REER). It has a hands-off approach, and INR can see a severe fall in FY14.

Expect dollar to appreciate: Rajeev Malik

Volatility aside, more nominal depreciation lies in store for Asian currencies, says Rajeev Malik, CLSA.

Expect rupee to depreciate further: Rajeev Malik

The rupee could break above 60/USD in early 2014 and possibly depreciate to 62-65/USD. Rajeev Malik of CLSA expects the rupee to depreciate further, but the trajectory won't be a straight line.

Rupee trend reversal dodgy; EM currencies in a pickle: CLSA

The rupee is likely to continue to adjust to lower level. The market is obsessed about current account deficit, while the balance of payment (BoP) is also a concern, says Rajeev Malik of CLSA.

Rupee's ill-health won't allow a rate cut today: CLSA

Rajeev Malik of CLSA says the RBI policy schedule later in the day is likely to maintain a status quo today and the apex bank won't go for any rate cut until July, that too if rupee stabilises.

Rupee to eventually cross 60/USD: Rajeev Malik

Rajeev Malik of CLSA says the rupee will eventually weaken to cross the 60/USD mark in a sustained manner. "Admittedly, this is playing out sooner than we expected."

25 bps cut most likely; ignoring CPI big policy miss: CLSA

In line with consensus, Rajeev Malik, Senior Economist, CLSA also expects the Reserve bank of India (RBI) to oblige the market with a 25 basis points repo rate cut today.

RBI poised to cut repo rate by 25 bps: Rajeev Malik

RBI is poised to cut the Repo Rate by 25 bps to 7.25% next week. It will likely forecast WPI inflation of 6% for FY14-end, says Rajeev Malik, CLSA.