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Monday, May 9, 2011, 11:03 AM Food and energy making up a relatively large share of spending put India particularly at risk from higher prices, says the IMF's Anoop Singh. The IMF has joined the RBI in recently cutting its growth forecast for the country as the central bank hikes rates more than expected. Comment! [Global & FX]
Tuesday, May 3, 2011, 7:15 AM The RBI hikes more than expected, raising its benchmark lending rate 50 basis points to 7.25%. Even after a series of increases, real rates remain negative as inflation is running near 9%. Banking shares take a hit. HDB -2.4%, IBN -2.8% in Mumbai. Comment! [Global & FX]
Monday, May 2, 2011, 8:17 AM Two more PMIs of note: Rate hikes in India aren't slowing down a speedy economy, its number remaining strong at 58, while South Korea, showing the effects of higher rates and a strong won, struggles to stay in growth mode at 51.7. Both central banks are expected to raise rates further this month. Comment! [Global & FX]
Friday, April 15, 2011, 7:23 AM Pressure for higher policy rates in India is ratcheted up after wholesale inflation comes in hotter than expected, rising to 9.0% Y/Y in March from 8.3% the previous month. After a series of 25 basis point moves, traders speculate the RBI may go 50 in May. India -1.6%. Comment! [Global & FX]
Wednesday, March 30, 2011, 12:12 PM Despite powerful economic growth, vast wealth disparities and recent corruption scandals leave India with a sense something is amiss. A message from the U.S. ... get used to it. Indian shares are in the midst of a powerful rally since falling early this year. Some India ETFs. 1 Comment [Global & FX]
Thursday, March 17, 2011, 7:34 AM India hikes interest rates for the 8th time in the last year, raising its benchmark 25 basis points to 6.75%. In an ominous statement the RBI says, "The underlying inflationary pressures have accentuated, even as risks to growth are emerging." India -1.1%. 1 Comment [Global & FX]
Tuesday, March 1, 2011, 7:15 AM Indian shares stage a reversal, with the Sensex +3.5%, cutting YTD losses to about 12%. Nothing major in the news - the PMI shows solid growth and investors continue to digest Monday's budget announcement. Premarket: EPI +2.1%. TTM +5.4% in Mumbai. Comment! [Global & FX]
Thursday, February 24, 2011, 7:46 AM Indian shares have lost 14% YTD after last night's 3% slide, the largest fall since 2009. A report shows farm product prices rising 11.5% Y/Y, and spiking oil won't ease inflation concerns. Premarket: IFN -1.8%. [TTM]] -4.0%. In Mumbai, IBN -5.4%. Comment! [Global & FX]
Wednesday, February 9, 2011, 7:30 AM Stock markets across Asia continue to feel the effects of not just China's rate hike, but tighter monetary policy and appreciating currencies across the region. China, Hong Kong, South Korea, Taiwan, and India all fall nearly 1% or more. Asia ex Japan ETF: AAXJ. Comment! [Global & FX]
Tuesday, February 8, 2011, 7:27 AM India continues to deal with the "triple whammy" of higher inflation, rising interest rates, and lower growth. After falling another 1.45% last night the Sensex is down 13.4% YTD. ICIC Bank (IBN) -2.98% in Mumbai. Premarket: EPI -1.0%. Comment! [Global & FX]
Friday, February 4, 2011, 7:22 AM Markets price in another rate hike as Indian PM Singh warns, "inflation poses a serious threat to (growth and) needs to be tackled with great urgency." Inflation in India is running at 8.4%, including 17% for food. India -2.4%. Premarket: EPI -1.8%. PIN -1.1%. Comment! [Global & FX]
Tuesday, January 25, 2011, 11:11 AM Slowing growth, high inflation, and a wave of corruption scandals turn fund managers bearish on India, according to a Morgan Stanley survey. Stocks falling 6% since the start of the year and nearly 10% since November probably didn't help attitudes. 1 Comment [Global & FX]
Tuesday, January 25, 2011, 7:16 AM Increasing its inflation forecast from 5.5% to 7%, the RBI raises its key lending rate 25 basis points to 6.5%. "Inflation is the dominant concern ... the reversal in (its) direction is striking," says RBI chief Subbarao. India -0.95%. Premarket: [IBN] -2.4%. Comment! [Global & FX]
Tuesday, January 18, 2011, 8:49 AM With Shanghai down 19% in a year, Goldman Sachs throws in the towel, saying "we have tactically reduced our weight." Worried about imbalances in India as well, GS is recommending rotating out of the BRICs and into Western markets, where monetary policy remains in a sweet spot. 1 Comment [Global & FX]
Friday, January 14, 2011, 8:36 AM Stocks and bonds continue to fall and the rupee weakens in India as inflation accelerates to 8.43%. An increase in lending rates could come at the central bank's next meeting on January 25. India -1.7%. Comment! [Global & FX]
Thursday, January 13, 2011, 1:03 PM Indian stocks fall another 1.8%, leaving the index 8.6% below its November high. The issue: 6 rate hikes in 2010 look to be slowing the economy, but not braking inflation. More aggressive rate hikes could be in store in 2011, just as the economy enters "the weakest point in the cycle." Comment! [Global & FX]

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