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