MPC, global cues in focus as 10-year gilt seen 6.34% Aug-end

By Aaryan Khanna
The lack of a sizzle out of the Reserve Bank of India's Monetary Policy outcome next week is likely to keep bond yields adrift near current levels by the end of August. Consistent bond supply may prevent yields from coming down quickly, but a sharp rise is also not expected as the 10-year yield offers an attractive return over banks' cost of funding. Read more

RBI's active support to keep rupee stable at 87.50/$1 Aug-end

By Pratiksha
After a weak run last month, the rupee may take a breather and settle broadly unchanged from the current level at the end of August as the Reserve Bank of India is likely to keep the domestic currency from depreciating in the face of sustained foreign portfolio outflows and a strong dollar index. Read more

Crude oil seen in range with positive bias Aug on supply woes

By Ashutosh Pati
Crude oil prices are expected to remain in a broad range in August with a positive bias as market participants navigate concerns about demand, a potential supply hike by the Organization of the Petroleum Exporting Countries and its allies, and possible supply disruptions arising from US President Donald Trump's threats to Russia. Read more

TCS layoff sparks fear but analysts say more bad news unlikely

By Anjana Therese Antony
Various narratives are taking shape about what's on the cards for Indian information technology companies after industry behemoth Tata Consultancy Services Ltd. announced it will lay off about 2% of its middle- and senior-level employees. That this will boost the company's profitability and other IT players will probably follow this trend are concerns for the market, but analysts do not seem to be too worried about any spillover impact. Read more

Trump's tariffs put India between a rock and a hard place

By Shubham Rana
India looked like one of the better placed countries in dealing with the US on a trade agreement, but that changed completely Wednesday. Read more

Axis Bank top corporate bond arranger for fifth month in a row in June

By Vaishali Tyagi
Axis Bank retained its position as the top corporate bond arranger for the fifth straight month in June. The private sector bank arranged bonds worth INR 124.21 billion in June through 19 deals, according to data compiled by Informist. During the month, Axis Bank solely managed six deals, for Bajaj Housing Finance, Grasim Industries, NIIF Infrastructure Finance, Rajgarh Transmission, Tata Capital Housing Finance, and Sundaram Home Finance. Read more

RBI may give delivery of $5 bln swap as rupee liquidity ample

By Pratiksha
The Reserve Bank of India has strong reasons to give delivery of $5 billion on its dollar/rupee buy-sell swaps maturing on Aug. 4, given the ample rupee liquidity in the banking system, foreign exchange market dealers said. Read more

MPC seen leaving rates unchanged in Aug, one more cut likely Oct-Dec

By Shubham Rana
The Reserve Bank of India's Monetary Policy Committee is expected to leave interest rates unchanged next week, having lowered the policy repo rate by 100 basis points already this calendar year, including a larger-than-expected 50-bps rate cut in June, according to an Informist poll. However, the rate-setting panel could lower the repo rate by another 25 bps in the December quarter as inflation continues to undershoot projections and growth remains below aspirations. Read more

SEA's Mehta sees India's palm oil imports exceeding soyoil again

By Taniva Singha Roy and Abhijit Doshi
Although India's soyoil imports have risen faster than those of palm oil in recent months, the situation will change soon, and imports of palm oil will exceed those of soyoil in the second half of the edible oil year 2024-25 (Nov-Oct) as the former has become cheaper again. "India has started buying large quantities of palm oil given its higher availability and logistical advantage," said Dr. B.V. Mehta, executive director of the Solvent Extractors' Association of India. Read more

June IIP growth seen rising on better core sector performance

By Shubham Rana
Growth in India's industrial production likely improved in June on the back of a rise in the eight core industries, which account for over 40% of the total weight of the Index of Industrial Production. According to 10 economists polled by Informist, industrial output is seen rising 2.0% year-on-year in June from a nine-month low of 1.2% in May. Read more