RBI mulls new move using foreign bonds to prop up rupeeReserve Bank of India is considering allowing state-run banks to issue foreign-currency bonds to attract capital inflows and support the ru...
BJP gains in Bengal may accelerate reforms push amid economic headwindsThe dominant National Democratic Alliance constituent at the Centre has registered its maiden victory in West Bengal, retained Assam and Pu...
India’s heat wave creates new inflation risks after oil surgeIndia faces inflation risks from severe heat waves and predicted below-normal monsoon rains, exacerbating existing economic pressures from ...
AI boom drowns out war fears to fuel Asia’s great market divideAsia's markets are split: South and Southeast Asia grapple with rising oil prices impacting trade and stocks, while North Asia's tech giant...
Disinflation is going to be the big theme for India: Sonal Varma, NomuraEconomist Sonal Varma predicts India's CPI will moderate, possibly dropping below the RBI's target. Food inflation may turn deflationary, w...
Will global risks and slower credit growth cloud India’s GDP outlook? Sonal Varma answersThe global factors I think is the biggest risk factor to watch over the next 6 to 12 months. We have seen some shake in terms of the US emp...
Budget will be aligned with BJP's thrust on GYAN strategy; capex growth pace may slow slightly in FY25: Sonal Varma, NomuraSonal Varma believes the government will meet its fiscal deficit targets for FY24 and FY25 through offsetting factors and a slight slowdown...
8% GDP growth as projected by Economic Survey looks achievable: Sonal Varma, Nomura"As per the new GDP numbers, the actual value addition in the economy was already growing — or is expected to grow at 7.5% — this year."
Expect a 50bps rate cut in first half of 2015: Sonal Varma, Nomura Financial Advisory and Securities"Beyond that, we think interest rates will remain on hold because the RBI also appears to be moving towards the recommendations of the Urji...
Expect GDP growth of 5.9% in Q2 in 2014: Sonal Varma, NomuraApril-June quarter IIP numbers have been much stronger than what we had anticipated. So, the GDP numbers may show a growth of about 5.9%.
Expect a bias towards rupee appreciation: Sonal Varma, NomuraObviously, the RBI is likely to continue to intervene to build its reserves, but the bias still will be towards an appreciation in the rupe...
India’s macro fundamentals will improve over next 12 months: Sonal Varma"Currently, we have a more neutral macro outlook and we think that over the course of the next 12 months, India’s macro fundamentals will i...
Expect RBI to cut rates by only 50 bps in 2013: Sonal Varma, NomuraWhat we have seen is that if there is a 100 bps reduction in the rates, bank lending and deposit rates go down by half off that, says Sonal...
- Expect FY13 GDP growth to be about 5.8%: Sonal Varma, Nomura Financial Advisory and Securities
"The positivity right now is basically sentimental; for real economic growth to start picking up, we need investment to start accelerating,...
- Expect a 50 bps rate cut in second half of FY 13: Sonal Varma, Nomura Financial Advisory and Securities
In an interview with ET Now, Sonal Varma, India Economist at Nomura Financial Advisory and Securities, talks about inflation and market exp...
- Expect RBI to hike rates by 25 bps on July 26: Sonal Varma, Nomura Financial Advisory and Securities
If some action on government policy is seen, one can expect a decent investment cycle, says Sonal Varma, India Economist, Nomura Financial ...
- Soft landing for India in current fiscal: Nomura Financial Advisory
The IIP growth of 5.6% in May is a bit of a disappointment because the core sector growth is 5.3%, says Sonal Varma, India Economist, Nomur...