India’s steady surge in SIP contributions has unintentionally supported foreign investors looking to exit domestic equities. This consistent domestic buying has enabled large-scale overseas repatriation, increasing the need for foreign currency. As this demand grows, the rupee has come under additional strain, especially against the euro. What began as routine long-term investing has subtly contributed […]
India’s CPI and GDP series are set for a critical refresh, adopting new base years of 2024 and 2022-23, respectively. Modernized baskets & methodologies better capture services growth, GST formalization, and digital shifts long missing from old data. Expect refined inflation dynamics aiding RBI targeting, alongside sharper growth insights for fiscal planning. This note prepares […]
We were able to corner our Head of Fixed Income, Laxmikant Lokhande to help us understand the broader macroeconomic numbers. And true to his nature, he explained all of this from first principles! This is a short 20 minute video. We hope you will find it of value.
On Feb 06, 2026, RBI’s Monetary Policy Committee (MPC) took following policy decisions: The RBI’s MPC voted unanimously to keep the repo rate unchanged at 5.25%. The MPC also decided to continue with the neutral monetary policy stance. Executive summary of RBI’s press releases/ press conference: Global Economy: World economy is expected to grow slightly faster in […]
FY27 Union Budget: Key Figures and Fiscal Assumptions Source: Budget Note, BE – Budgeted Estimates, RE – Revised Estimates Note: FY27BE figures are based on FY26RE Growth and Macro Assumptions The FY27 Union Budget assumes 10% nominal GDP growth, compared to 8% in FY26 RE. We believe this growth assumption is conservative. In absolute terms, nominal GDP is projected at INR […]
Union Budget 101: Key Things to Know! Where Government Earns From & Spends Source: Budget Documents, HDFC Tru Fiscal Deficit and Why It Matters Fiscal Deficit (FD) equals total expenditure minus total receipts. It is the amount the government must borrow to fund its shortfall. It is measured as a percentage of nominal GDP. FD = […]
2024 HDFC TRU