Currency Tutorials
The INR saw sustained strength in calendar year 2017 on the back of FII flows into debt and equity. RBI bought USD 33 billion in fiscal 2017-18 and also built up forward purchases Read More
25 May 2018
The surge in the Chinese Yuan in 2017 has erased all of last year’s losses. The trend reversal happened on the back of easing global risk aversion, lower worries of a China eRead More
11 Sep 2017
The year 2017 will continue to favour the INR that is up by 6.01% against the USD in 2017 so far. The INR touched all time lows in 2016 as the USD strengthened considerably againstRead More
15 Jun 2017
The year 2016 saw the least favoured currencies outperform. The Russian Rouble and Brazilian Real gained 21% and 17% against the USD respectively on the back of short covering fromRead More
30 Dec 2016
ECB in its policy meet on the 8th of December extended its bond purchase program to December 2017 from March 2017 but lowered the quantum of purchases from Euro 80 billion a month Read More
09 Dec 2016
Bank of Japan (BOJ) will be the only Central Bank with QE in 2017 as inflation in Japan is way below the Central Bank’s target of 2%. On the other hand, Fed has already startRead More
01 Dec 2016
USD on 24th November 2016 was trading at its 14-year high level of 101.7 and is on track to post the best month in two years. The strength in the USD was on the back of heightenedRead More
29 Nov 2016
India’s External Debt – June 2016 India’s external debt as of end June 2016 stood at USD 479.7 billion, a decrease of USD 5.4 billion from USD 485.6 billion seen Read More
03 Oct 2016
ECB in its policy meet today cut its main policy rate to zero percent from 0.05%, reduced deposit rate from negative 0.3% to negative 0.4% and increased the size of its asset purchRead More
10 Mar 2016
India’s External Debt – September 2015 India’s external debt as of end September 2015 stood at USD 483.2 billion an increase of USD 8 billion or 1.7% since end MaRead More
06 Jan 2016
The global currency markets saw a rush to the USD as the Fed raised rates in December and US economic data largely supported the rate hike. The USD has seen sustained strength overRead More
23 Dec 2015
India’s External Debt – June 2015 India’s external debt as of end June 2015 stood at USD 482.9 billion, up by 1.8% from levels of USD 475.8 billion seen in March Read More
05 Oct 2015
The devaluation of the Yuan by the PBOC (Read our analysis on Yuan Devaluation), has lead to the INR depreciating to levels last seen in August/September 2013. The INR is trading aRead More
12 Aug 2015
Interest Rate Arbitrage (Carry Trades) refers to the practice of borrowing in low interest rate currencies and investing in high interest rate currencies to earn the spread. In theRead More
10 Jul 2015
Introduction The USD is slowly but surely regaining its supremacy. The USD index that tracks the USD against a basket of six major currencies is trading at over ten year highs levRead More
08 Jul 2015
India’s External Debt as of end March 2015 stood at USD 475.8 billion, up by 6.6% from levels of USD 446.3 billion seen in end March 2014. Adjusting for Valuation Gains of thRead More
01 Jul 2015
The Greek Prime Minister, Alexis Tsipras rejected its creditors demands in return for bailout funds and called for a referendum on the bailout, leaving the door open for Greece to Read More
29 Jun 2015
India’s External Debt as of end December 2014 stood at USD 461.9 billion, up by 3.5% from levels of USD 442.3 billion seen in end March 2014. Adjusting for Valuation Gains ofRead More
01 Apr 2015
The USD index has climbed 23% over the last one year to levels of 100 as of 12th March 2015. The Euro, which has the highest weight in the six currency basket (Read our analysis onRead More
12 Mar 2015
Eurozone Inflation, Bond Yields and the Euro Eurozone inflation as measured by the CPI printed at 0.3% in May 2015, from 0% levels seen in April and negative levels seen prior to ARead More
12 Mar 2015
