Merchandise Trade: Still-elevated deficit; FY23 CAD now seen at 3.4%

Exports declined by 9% month-on-month (MoM) and 1.1% year-on-year (YoY) to US$33bn, reflecting weak global demand and the effect of various control measures by the government.

<ul><li>Exports declined by 9% month-on-month (MoM) and 1.1% year-on-year (YoY) to US$33bn, reflecting weak global demand and the effect of various control measures by the government.</li></ul>

Peakflation versus recession: Stairway to heaven or highway to hell?

<ul><li>Global central banks are trying to navigate a path with enough tightening to produce a significant disinflationary impulse with the hope of the smallest output gap loss.</li></ul>

Regulatory tweaks to have limited support to forex flows

Dislocation in forwarding rates, falling forex cover, high commodity prices and CAD funding risks mean that the RBI’s intervention strategy cannot be the sole support for INR and will soon face limitations, writes Madhavi Arora.

<ul><li>Dislocation in forwarding rates, falling forex cover, high commodity prices and CAD funding risks mean that the RBI’s intervention strategy cannot be the sole support for INR and will soon face limitations, writes Madhavi Arora.</li></ul>

US FOMC Preview: When ‘Peakflation’ fools you and pushes you to the brink

<ul><li>The debate on this week’s FOMC policy is no longer about a 50bp or a 75bp rate hike going ahead, but about how high the policy terminal rate needs to be by mid-2023 to contain the Fed’s conundrums, writes Madhavi Arora.</li></ul>

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