India’s Q2 FY23 current account deficit widened to a 37-quarter high of 4.4% of GDP
The Central Government has announced free foodgrains under it’s NFSA (National Food Security Act, 2013) for a period of 1 year
The MPC minutes provide justification for the step down in the quantum of rate hike (each of the previous three policy reviews had seen a 50 bps rate increase)
India’s merchandise trade deficit narrowed to USD 23.9 bn in Nov-22 from USD 27.6 bn in Oct-22
India’s CPI inflation eased more than expected in Nov-22 to the lowest level in 11 months, coming in at 5.88%YoY
India’s industrial production slipped to a negative territory, posting an annualized growth of -4.0% in Oct-22
RBI raised repo rate by 35 bps to 6.25% while retaining its stance of “withdrawal of accommodation”.
The final monetary policy review by the RBI in 2022 likely to be as unpredictable as the final policy review was in 2021
India Q2 FY23 GDP growth came in line with our expectations at 6.3%YoY.
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