Inflation Data
India January 2019 wpi inflation yy decrease to 2.76 % (fcast 3.65 %) vs. prev 3.8 %
Weekly Forex Reserves
Forex Reserves up by $1.27 bn for the week end at 11 January at $397.35 bn vs $396.08 bn for its previous week
India Export Import Data
India Exports in December 18 at $ 27.93 billion vs $ 26.50 billion MOM India Imports at the end of December 18 at $ 41.01 billion vs $ 43.17 billion MOM; India trade deficit at the end of December at $ 13.08 billion vs $ 16.67 billion MOM India April-December exports at $ 245.44 billion…
India Data
India’s july-september current account balance at -2.9 pct of GDP India’s july-september balance of payments $-1.9 bln India’s july-september current account balance $-19.1 bln India’s july-september current merchandise trade balance $-50.0 bln
India CPI and IIP
CPI of October at 3.31%vs expectation of 3.60% September IIP at 4.5% vs expectation of 4.1% and last month figure 4.3%…. Apr-Sep Industrial output at 5.1% vs 5.2% last year…..core inflation at 6.1%
India Trade Deficit
September Exports down 2.2%Yoy at $ 27.95 billion, Imports up 10.5%at $ 41.93 billion YOY….. Trade deficit at $ 13.98 billion vs $ 9.40 billion YOY, Gold Imports at $ 2.59 billion up 51.5% YOY…. Oil Imports up 33.16% at $ 10.91 billion
Inflation and Industrial Production
September CPI @ 3.77% as against forecast of 4% and last month figure of 3.69% IIP for August at 4.3% vs expectation of 4%and last month figure of 6.6%
Recent INR Measures : Quick Takes
The government announced some weekend measures to support the INR. These are largely to do with relaxations around external commercial borrowing (ECB), foreign portfolio investor (FPIs) holding concentration, and masala bonds. By themselves the measures have largely underwhelmed as reflected in the sharp depreciation in the INR on Monday morning. The other (unrelated) material development…