Monday 29, April 2013 by Matein Khalid

Macro Ideas – My macro passage to Indian debt

If only E.M. Forster and Dr. Aziz did macro! A $ 25 fall in Brent crude and a $250 fall  in gold is nirvana for India’s current account deficit  at a time when the  March wholesale price inflation has fallen to 6% and Finance minister Chidambaram could well slash taxes on G-Secs to encourage offshore money into Dalal Street debt markets. A 60 basis point RBI rate cut in May is all too possible to ignite a secular rally in Indian rupee government/corporate debt market that is simply not reflected in current prices.

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