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11 Feb 2020

India’s Economic Adviser: Economic growth set to bounce back from over six-year low

Indian economic growth is likely to rebound from more than a six-year low of 4.5% in the July-September quarter, Sanjeev Sanyal, principal economic adviser at the Indian Finance Ministry told Reuters on Tuesday.

Key Quotes (via Reuters):

Economic growth was set to accelerate to 6% in the financial year beginning in April, compared with an estimated growth of 5.0% in the current one.

Dismisses the conservative estimates and said his numbers took into account early signs of recovery in manufacturing and a pick-up in consumer demand.

There is enough space for the central bank to further cut interest rates, however, as inflation was likely to ease following a fall in vegetable prices.

While there was a slowdown, this slowdown has by and large now bottomed out, and if anything from here on, growth is going to go up.

  • Source: RBI targeting inflation at 4%, food prices a concern - Reuters
  • White House: US Pres. Trump to visit India on Feb. 24-25 - Reuters
Feb 11, 2020

Spain 6-Month Letras Auction declined to -0.476% from previous -0.363%

Spain 6-Month Letras Auction declined to -0.476% from previous -0.363%
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Feb 11, 2020

USD/CHF eases from multi-week tops, flat-lined below 0.9800 mark

The USD/CHF pair failed to capitalize on its early uptick to seven-week tops and is currently placed in the neutral territory, around the 0.9775 regio
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