The rise in exports to China has seen India’s trade deficit with the Asian giant shrink, although gap widened on an overall basis.
Demand in the world’s fastest-growing major economy may be cooling.
Italy Sticks to Budget, China Cuts, Finance Chiefs Meet: Eco Day
In a surprise decision, the MPC led by Governor Urjit Patel voted 5-1 to leave the repurchase rate at 6.5 percent.
Italian Optimism, Gradual ECB, Rising U.S. Debt Pile: Eco Day
The end of an easy money era is causing strain in the world’s fastest-growing economy.
May's Brexit Plans, Fed Optimism, Lower Fertility: Eco Day
Italy Bows, Fed Sees Muted Prices, Central Bank Guide: Eco Day
India is beginning to feel the heat of global trade tensions and tighter monetary conditions at home.
India, Indonesia and the Philippines share a common weakness— current account deficits, leaving them reliant on global investors.
Foreigners have pulled $8.6 billion from local shares and debt this year, adding to the weakness in the currency.
A sense of deja vu has enveloped India.
The dark cloud hanging over India’s economy from the rupee’s rout is not without a silver lining.
As market worry looms, the Indian government will provide adequate liquidity to mutual funds and non-bank financial companies.
Global Economy Shaky, Trade War Heat, France Budget: Eco Day
Current-account deficit at a five-year high, elevated oil prices conspired to push the rupee to below 72 per dollar
Raghuram Rajan is warning that trade wars when combined with a build-up in leverage, high asset prices could drag global growth.
Oil isn’t the only headache for India as the rupee slides. Add external debt to the list.
India’s current account deficit widens less than estimated.
Draghi Seen Raising Rates, Italian Budget, U.S. Jobs: Eco Day
Biswal cautions India’s position as a global-hub could get hit.