ICICI Securities: India’s Financial Conditions Improve Moderately In October
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: India’s Financial Conditions Improve Moderately In October

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Our proprietary Financial Conditions Index (FCI) shows financial conditions in October 2020 improved moderately from the preceding month due to falling bond yields, surplus banking sector liquidity and lower overnight rates.

Our calculation shows Financial Conditions Index improved to 13.9 in October 2020 from 13.77 in September 2020.

To put things in perspective, FCI averaged just 7.8 during January-March 2020 and increased sharply to average 14.6 during April-June 2020 on the back of fiscal and monetary stimulus.

Click on the attachment to read the full report:

ICICI Securities Financial Conditions Index Nov20.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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