India

By Marc Chandler Overseas investors have stepped up their purchases of Indian equities in recent days and have reversed the earlier outflows to be net purchases here in 2011. Between last Thursday, March 31, Friday April 1 and yesterday…

By Claus Vistesen One of the main investment and trading themes crystallised during Q4-10 was the move out of emerging markets and into developed markets. As with all themes, it started as a contrarian misfit moving against the truck loads…

By Win Thin and his Emerging Markets Strategy Team at Brown Brothers Harriman India: Economic and Currency Snapshot Macroeconomic Update: GDP rose 8.9% y/y in both Q2 and Q3, and is expected to grow about 9% in 2010 and 8.5% in 2011.…

by Marc Chandler A number of Indian banks have begun issuing Swiss franc denominated bonds, ostensibly to raise cheap funds and meet the demand in Europe for emerging market debt. Reports suggest that this is the first of such issues in…

By Win Thin Reserve Bank of India hiked interest rates by 25 bp yesterday, as expected. Reverse repo rate is now 5.5% and the repo rate 6.5%. The RBI said it will hold its mid-quarterly policy review on March 17 under the recent switch…

by Marc Chandler India's Finance Ministry raised its economic forecast for the year ending March 31, 2011. Back in Feb it had forecast 8.25%-8.75% growth and today increased that forecast to as much as 9.1%. Ironically, the increase in the…

by Win Thin Reserve Bank of India is expected to hiked rates by 25 bp at its regular meeting Tuesday.  Reverse repo rate is now 5.0% and the repo rate 6.0%.  This comes after RBI hiked rates 25 bp in September under the recent…

Long term (over 20-30 years) demographics will favor the U.S. over Germany and China in international trade.

Here is anther note from Andy Lees of UBS this morning, this time regarding the intra-Asian competition for natural resources with China as the lead actor. Andy writes (links added): You will have seen this morning Vietnam's state media…

India:  Earlier today India lifted the cap on foreign ownership of government and corporate bonds.  This had been anticipated, but it runs counter to the rash of media reports suggesting that rise of beggar-thy-neighbor policies…