India’s service activity in January 2018 According to Markit Economics, India’s service PMI (purchasing managers’ index) rose in January 2018, to 51.7 from 50.9 in December 2017, beating the preliminary market estimate of 51.5. The service PMI entered into a second straight month of expansion in January. The stronger service PMI was due to the following […]
India’s trade gap increased 173.5% on a year-over-year basis to ~$13.3 billion in April 2017, beating the market’s expectations of an ~$12.8 billion gap.
Last year was a volatile year for the gold market. Softer demand from China and India, coupled with Trump’s victory, had immensely affected the precious metal.
With selling pressure removed, normal gold demand trends may re-emerge Historically, there is a seasonal pattern to gold prices dependent on physical demand trends. Often, there is weakness in the summer when jewelry demand, primarily from China and India, is low and trading volumes decline. Seasonal strength often occurs from August to January, beginning with […]
The RBI is India’s central bank. It used to announce its monetary policy twice in a financial year. In India, a financial year begins in April and ends in March the next year.
The focus of monetary policy is to change the money supply in a financial system according to emergent conditions. It can be expansionary or contractionary.
INDY is the only ETF that doesn’t have any exposure to small-cap stocks. INDY is the most expensive of the five ETFs. It has an expense ratio of 0.94%.
For developing or high-growth nations, higher inflation is considered normal—compared to developed nations. The economic growth rate for developing nations is quicker. The demand is higher.
The Reserve Bank of India kept interest rates unchanged at their June meeting, citing lingering inflation concerns. The Reserve Bank of India (RBI) is the country’s central bank, which is in charge of setting interest rates. Just as we have seen in the United States, interest rates are market moving indicators that need to be […]
