CAD halves to a deficit of $9.2 billion in Q2
India’s current account deficit narrowed to $9.2 billion in the June quarter, compared to $17.9 billion in the same period last year, due to lower global crude and commodity prices. The deficit was 0.1% of GDP, down from 2.1% in the previous year, but higher than the $1.3 billion in the preceding quarter. The capital […]
External debt rises 2.7% to $629 billion as of June end
NRI deposits as reflected in debt from “Deposit-taking Corporations, except the Central Bank” increased 6.5 percent in the June quarter to $167 billion from $157 billion a year ago. While outstanding overseas borrowings as reflected in debt from “Non-financial corporations remained flat at $250 billion” remained flat at $ 250 billion over the period. The […]
IGB inclusion in JPMorgan Index to enhance FPI participation in markets
However, since 2013 – when the idea of index inclusion was first floated – the Indian authorities have made steady progress in facilitating foreign investment into IGBs. The announcement of IGBs inclusion in JP Morgan’s GBI-EM Global Diversified (GBI-EM-GD) Index is an acknowledgement of that progress from the global investors.
Analysts bet on DCB Bank, Manappuram Finance & Global Health
ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 23% as per analysts’ price targets.