Primers
RBI’s Monetary Policy Review
On August 05, 2026, RBI’s Monetary Policy Committee (MPC) made 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: The West Asia conflict is hurting the […]
RBI’s Monetary Policy Review
On Jun 05, 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: Global economic outlook remains uncertain due to […]
Copper: The Next Leg of the Commodity Supercycle
Commodity cycles rotate and the baton is passing. Precious Metals rallied first with Gold delivering >60% and Silver >140% returns in 2025, meanwhile, Copper was also up 40% in 2025 but still trades at multi-decade lows vs. both Gold and Silver. That gap matters because Copper’s demand drivers, e.g., Power grids, AI, data centres, EVs, […]
InvITs in India
Traditionally, Indian infrastructure relied on bank finance, which limited funding options. To fix this, the 2014 Union Budget introduced InvITs, with SEBI setting the official rules later that year. This created a new way for projects to get long-term investment beyond just bank borrowing. An InvIT is a collective investment vehicle that pools capital to […]
Rising “AI” Concentration Risks in Global Equities
Global equity benchmarks have become unusually dependent on a single theme: “AI”. The Mag-7 is currently ~35% of the S&P 500, TSMC is ~58% of MSCI Taiwan, and Samsung Electronics plus SK Hynix make up more than 50% of MSCI Korea, with the same names dominating MSCI EM and MSCI Asia (ex-Japan) indices. Earnings momentum […]
When Liquidity Met Borrowing: RBI’s OMOs in FY26
RBI’s Open Market Operations (OMOs), often described as a simple liquidity tool, took on a much bigger role in FY26: against the Centre’s gross borrowing of about ₹14.6 lakh crore, RBI’s OMO purchases absorbed a large part of the supply, helping keep bond market conditions orderly and yields from rising too sharply. This note explains […]
2024 HDFC TRU