India’s Financial Conditions In March Worst Since The Onset Of Covid-19 Pandemic: ICICI Securities
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ICICI Securities Report
Our proprietary Financial Conditions Index (FCI) score fell to its lowest level since March 2020, mainly due to tightening conditions in the debt, forex and aggregate demand markets.
On the other hand, buoyancy in the stock market and continued easy liquidity conditions provided support to equity and money market scores.
FCI fell to 8.5 in March 2021 from 9.6 in February and the local maxima of 10.4 in November 2020.
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