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Topic

India's GDP

S&P reaffirms India's long-term sovereign credit rating, outlook

S&P reaffirms India's long-term sovereign credit rating, outlook

Published 13 Jul, 2021 05:27pm
  • India's long-term rating was affirmed at 'BBB-' with a stable outlook while the short-term rating was held at 'A-3'.
  • "The stable outlook reflects our expectation that India's economy will recover following the resolution of the COVID-19 pandemic," analysts at the rating agency wrote.
India ask states to 'carefully calibrate' lockdown easing

India ask states to 'carefully calibrate' lockdown easing

Published 19 Jun, 2021 05:38pm
  • States and territories "must ensure that the whole process is carefully calibrated," Home.
  • A system should be in place at the micro level to ensure that whenever cases are rising in a smaller place it gets checked there itself through local containment measures.
India's May retail inflation picks up to 6.30pc y/y, highest in six months

India's May retail inflation picks up to 6.30pc y/y, highest in six months

Updated 14 Jun, 2021 07:07pm
  • The Reserve Bank of India earlier this month warned that high energy prices could stoke inflation while cutting the growth forecast to 9.5% from 10.5% for the current fiscal year beginning April.
  • Annual retail inflation rose 6.30% year-on-year, up from 4.29% in April. Analysts had forecast retail inflation at 5.30%.
Virus disaster leaves deep scars on India's economy

Virus disaster leaves deep scars on India's economy

Published 02 Jun, 2021 07:14pm
  • Banks begin to slash 2021/22 growth forecasts.
  • Personal credit defaults and unemployment rising.
  • Deadly second wave leaves psychological scars.
  • India's recovery may lag other major economies.
India's 10-year yields falls for fifth straight week; rupee rises for fourth

India's 10-year yields falls for fifth straight week; rupee rises for fourth

Published 21 May, 2021 05:06pm
  • Sentiment for bonds was buoyed by the Reserve Bank of India's 350-billion-rupee ($4.80 billion) worth bond buy on Thursday, while a fall in US Treasury yields also helped.
  • India's benchmark 10-year bond yield closed up 1 basis point on the day at 5.98%, but ended down 1 bp on week.
Indian states impose stricter lockdowns as COVID deaths hit record high

Indian states impose stricter lockdowns as COVID deaths hit record high

Published 08 May, 2021 05:12pm
  • Medical experts say the real numbers of COVID-19 cases and fatalities are likely to be far higher than official tallies.
  • India is yet to impose a national lockdown as it did during its first wave last year, but around half of all its states have imposed a total shutdown. The rest are under a partial shutdown.
India's economy holding up well against COVID-19 surge, says RBI

India's economy holding up well against COVID-19 surge, says RBI

Published 26 Apr, 2021 06:23pm
  • "It is noteworthy that economic activity in India is holding up admirably against COVID-19's renewed onslaught," the RBI said.
  • "Apart from contact-intensive sectors, activity indicators largely remained resilient in March and grew beyond pre-pandemic levels on the back of strong momentum rather than statistical base effects," it added.
COVID-19 spike is biggest challenge to India's recovery: MPC minutes

COVID-19 spike is biggest challenge to India's recovery: MPC minutes

Published 22 Apr, 2021 06:44pm
  • The MPC kept its key interest rate at a record low of 4% earlier this month and said monetary policy would remain accommodative until the prospects of a sustained recovery were well secured.
  • "The economic recovery can come under risk if this new wave of infections is not flattened soon," said Mridul Saggar, executive director at RBI and a member of the MPC.
India central bank's rejection of 10-year bond bids fuels late rally

India central bank's rejection of 10-year bond bids fuels late rally

Published 16 Apr, 2021 06:23pm
  • The benchmark 10-year bond yield closed at 6.08%, down 5 basis points on the day after earlier rising to 6.18%, its highest since April 7.
  • On Friday, RBI sold bonds worth 113.27 billion rupees, less than half of what it set out to raise for the government and rejected all bids at the sale of the 10-year bond.
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