Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
How September <strong>2018</strong> Unfolded<br />
• USD 6.4bn has gone out<br />
of Indian debt market in<br />
FY19 compared to<br />
inflow of USD 18.5bn in<br />
FY18<br />
• CPI declined to a 10-<br />
month low 3.7% in<br />
August <strong>2018</strong>, lower than<br />
MPC’s medium-term<br />
target of 4.0%<br />
• Bond market yields rise<br />
on account of<br />
depreciating rupee and<br />
increasing Brent crude<br />
prices<br />
• Brent Oil Has Biggest<br />
<strong>2018</strong> gain in September<br />
as Iran sanctions rattle<br />
market at ~$83 per<br />
barrel<br />
FII Demand<br />
Weakens<br />
CPI Drops<br />
Yield Sharpens<br />
Brent Crude<br />
Climbs<br />
• At $17.4 billion, India’s<br />
trade deficit in August<br />
has eased from a near<br />
five-year high of $18.02<br />
billion in July.<br />
Trade Deficit<br />
Widening<br />
• In six months to<br />
September, the rupee<br />
depreciated 4.09% to<br />
close at 72.49 against<br />
the US dollar.<br />
Falling Rupee<br />
• The Reserve Bank of<br />
India bought 100 billion<br />
rupees of bonds on 27th<br />
Sept’18. This was also<br />
the fifth such auction by<br />
RBI in this fiscal.<br />
RBI Infuses<br />
Liquidity<br />
• US Fed raised interest<br />
rates by 25bps from 2%<br />
to 2.25%. This is the<br />
eighth time the Fed has<br />
hiked the rate since<br />
2015.<br />
Fed Rate Hike<br />
52<br />
Data as of September <strong>2018</strong>, Source: News Media, ICRA
Change language