MOSL: ECOSCOPE | 4Q 2018-India’s Quarterly Economic Outlook; Don’t expect a rate hike this week
ECOSCOPE | 4Q 2018: India’s Quarterly Economic Outlook; Don’t expect a rate hike this week
- The past quarter has been extremely volatile with all financial markets correcting significantly. On the macro front, while growth-inflation trade-off has been favorable, external sector has added new risks. Not surprisingly then, the INR crossed 70 against the USD and is now stable at about 72.5-73.0 levels.
- Compared to our July QEO, we have revised up our growth forecasts slightly with a downward revision in inflation. We are more confident of the government achieving its fiscal targets, but external deficit could touch 3% of GDP.
- Most importantly, we believe the RBI will not hike rates in the remaining part of FY19 and will help bring down bond yields by sending clear signals to the markets. However, as five states have assembly elections this quarter, the uncertainty could continue to rise.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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