CPI inflation, rupee to determine timing of rate cut: Sonal Varma

India's industrial production , as represented by the Index of Industrial Production (IIP) grew at 2% in April 2013, which was below the market expectations of 2.7%. India's Consumer Price Index (CPI) or retail inflation eased to 9.31% (combined) in May 2013 ...

Sonal Varma and Aman Mohunta two economists from Japanese research firm Nomura are of opinion that the RBI may be prompted to cut rates due to three-pronged reasons: lower rate of wholesale price index (WPI) based inflation, weak growth and narrow trade ...

India's headline inflation dropped to 4.89% in April 2013 as compared to 5.96% for the previous month. It is below market expectations of 5.4%. February inflation stands revised upwards at 7.28% against earlier estimate of 6.84%. Commenting on the ...

WPI inflation eased to a lower-than-expected 4.89% y-o-y in April from 5.96% in March, due to an across-the-board moderation in inflation. Core inflation moderated to 2.8% y-o-y from 3.5% on weak demand and lower input costs. While WPI inflation is clearly ...

One of the puzzling trends in recent weeks has been a stable to weak USD/INR, despite large foreign institutional investor (FII) fund inflows. Portfolio inflows have been robust, with USD 5.6 billion invested in FII debt and equity combined in the last 14 ...

India's headline inflation dropped below 6% in March for first time in 40-months. WPI inflation eased to 5.96% in March 2013 as compared to 6.84% for the previous month. It was below market expectations of 6.4%. January inflation revised up at 7.31% ...

Nomura's Sonal Varma and Aman Mohunta view the recent spike in demand for gold in India as a temporary anomaly, given the positive correlation between the gold price and demand since 2009. Strong physical buying saw gold ending up 1.5% in trade on ...

In an interview with ET Now, Sonal Varma, India Economist, , shares her views on the PMEAC report. Excerpts: ET Now: Does the CAD number, 4.7% versus 5.1%, surprise you? A lot of people anticipated the number to be much lower. Sonal Varma: It is on ...

The worsening of India's current account deficit to a record-high 6.7% of GDP in Q4 2012 was largely due to a rising merchandise trade deficit, but slower growth of the invisibles balance is also partly to blame. Sonal Varma , economist, Nomura Financial ...