Aditya Birla Capital

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

Treasury Connect I August 2019 - Aditya Birla Sun Life Mutual Fund

Treasury Connect - August 2019 - I

Aug 27, 2019
5 mins | Views 5642

Economic Update

India's industrial production growth decelerated to 2% in June 2019, mainly on account of poor show by mining and manufacturing sectors.

India’s retail inflation based on Consumer price index (CPI) eased marginally in July to 3.15% from 3.18% in June; Wholesale Price Index (WPI) inflation slipped to 1.08% in July 2019 compared with 2.02% in June and 5.27% in July 2018.

Debt Market Update

Systemic liquidity remained in surplus – the central bank held frequent reverse repo auctions to provide banks with opportunities to park idle funds.

Government bond prices ended sharply lower on prevailing uncertainty over the Centre’s overseas sovereign bond issue plans.

Forex Update

The rupee weakened against the US dollar following the US Federal Reserve’s (Fed) monetary policy decision. The US central bank slashed interest rates as widely expected.

Some rupee losses were recouped tracking local equities which gained on hopes that the Centre may roll back the tax surcharge on FPIs announced in the Union Budget.

Regulatory Update

The Reserve Bank of India (RBI) banned non-banking finance companies from imposing prepayment penalties on individual borrowers.

The RBI plans to make the national electronic funds transfer (NEFT) available 24x7 from December 2019. It also plans to create a Central Payment Fraud Registry to monitor digital payment frauds on a real-time basis.

All data mentioned above is as on 15th August, 2019

The above report is sourced from CRISIL Research, a division of CRISIL Limited (CRISIL) and Aditya Birla Sun Life Mutual Fund /Aditya Birla Sun Life AMC Limited does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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