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SANTANU SENGUPTA
India’s soaring oil bill shows limits of RBI’s rupee defenseIndia faces a widening current account deficit due to high oil import costs. The ongoing Iran conflict exacerbates this situation, impactin...
Lacking firepower: Down up to 11%, Iran-Israel war fails to trigger defence stocks. What’s the outlookDefence stocks have failed to rally despite the ongoing Iran-Israel war, with many declining up to 11% amid broader market weakness. While ...
Goldman Sachs cuts India's growth forecast to 6.4% for FY27, sees Re sliding to 95; Santanu Sengupta on the full outlookGoldman Sachs has lowered India's growth forecast by 0.5%. The West Asia conflict is creating a unique oil shock. This impacts India's expo...
Goldman warns of rupee at 95; pressure builds on RBIGoldman Sachs predicts the Indian rupee could weaken to 95 against the dollar within a year due to the Iran conflict's impact. While inflat...
RBI acts on fraud: Customers to get up to Rs 25,000 compensation for losses incurred in small value fraudulent transactions, announces RBIBank customers who fall victim to small value financial fraud can now receive compensation. The Reserve Bank of India announced this new po...
49 India employees among the Goldman Sachs’ 2025 managing directors, largest-ever class of MDs in IndiaGoldman Sachs has announced its largest-ever managing director promotion class in India, with 49 employees elevated to the MD position this...
Don't throw the baby out of bathwater! CEA wants you to trust India's growth storyAfter India’s economy slowed to 5.4% in the July-September quarter, Chief Economic Advisor Dr. V. Anantha Nageswaran urged caution in inter...
Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecastsGoldman Sachs lowered India's economic growth projection by 20 basis points for the next two years, highlighting a significant drop in gove...
RBI to keep rates unchanged, retain stance amid food inflation: Goldman SachsGoldman Sachs expects the Reserve Bank of India to maintain interest rates and its withdrawal of accommodation stance at the August 8 meeti...
Govt likely to stick to fiscal consolidation path, focus on rural economy: Santanu Sengupta, Goldman Sachs“When government spending on capex was raised from 1.5% of GDP to over 3% of GDP, that provided a positive impulse to growth. It cannot con...
Expect two rate cuts in India by end of CY24; see strong flows into equity, bond markets: Santanu Sengupta, Goldman SachsSantanu Sengupta says: “We are looking at two rate cuts from India, from the repo rate of 6.5% to 6% by the end of calendar 2024. We are se...
Populist expenditure may not hit govt's fiscal deficit targets: Goldman SachsThe government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to redu...
India to surpass US to become world's 2nd largest economy by 2075: Goldman Sachs reportIndia will become the second largest economy in the world by 2075 surpassing not only Japan and Germany but also the US, stated a Goldman S...
RBI may start easing rates in Q1 of next year: Santanu SenguptaNow in terms of contribution of agriculture it still remains around 15% so while that section of the economy benefits from monsoons for the...
ED arrests in Bengal expose corruption and power of patronageThe scam and the arrests-starting from that of recently expelled Trinamool Hooghly youth wing leader Kuntal Ghosh to Tapas Mondal, a close ...
Investors want more of India, says Goldman Sachs' SenguptaInflation for core goods may reach its apex in the coming quarters, but services inflation could stay sticky for longer, Sengupta said. The...
Goldman cuts India's growth estimate; Morgan Stanley sees downside risksGoldman Sachs cut India's full-year 2022 GDP growth forecast to 7% from 7.6% and also lowered the current fiscal year estimates by 20 basis...
India's weak rupee finds reprieve as foreigners seek bonds"Signs of inflation cooling off, prospects of oil staying lower due to cooling global demand and China slowdown and manageable deficits are...
Goldman sees India bonds getting added to JPMorgan indexThe nation’s sovereign bonds may be added to JPMorgan’s GBI-EM Global Diversified bond index with an initial 10% weightage, analysts Danny ...
Goldman Sachs’s Santanu Sengupta on pros and cons of Budget 2022“The borrowing estimate is a tad above market expectations and above consensus expectations as well.”