India’s Financial Conditions Index Remains Broadly Unchanged In February: ICICI Securities
A data graph. (Photographer: Alex Kraus/Bloomberg)

India’s Financial Conditions Index Remains Broadly Unchanged In February: ICICI Securities

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) score remained broadly unchanged in February 2021 from January 2021. However, the components of FCI recorded sharp movements.

Debt market conditions worsened to 13-month low as supply concerns pushed up yields.

Forex market conditions also worsened despite appreciating rupee as forward premia inched up sharply, possibly due to shift of currency interventions to the forward market.

Good performance by the stock market, on the other hand, provided comfort.

Click on the attachment to read the full report:

ICICI Securities Financial_Conditions_Index Mar21.pdf

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