Aditya Birla Capital

Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

Treasury Connect June 2019 - Aditya Birla Sun Life Mutual Fund

Treasury Connect - June 2019

Jun 11, 2019
7 mins | Views 2904

Economic Update

The Indian economy expanded at a slower pace of 5.80% in the fourth quarter of fiscal 2019 compared to 6.6% growth registered in the previous quarter.

The Organisation for Economic Co-operation and Development (OECD) has forecast India's economic growth to regain strength and hover around 7.5% in 2020, supported by higher rural consumption and subdued inflation.

Debt Market Update

Systemic liquidity remained tight during the period, government bond prices ended sharply up. The interbank call money rate settled at 5.90% on May 31, 2019 as against 5.95% on May 15, 2019.

The Lok Sabha election results that brought back the ruling coalition at the Centre, a plunge in US Treasury yields and cooling crude oil prices, spurred more bond buying.

Forex Update

The rupee ended higher against the US dollar as sentiment was aided by the recently concluded Lok Sabha election results.

Foreign banks’ dollar sales, falling crude prices, and intermittent gains registered by domestic equities supported the local unit.

Regulatory Update

The RBI’s central board decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen supervision and regulation of commercial banks, urban cooperative banks, and non-banking financial companies.

Securities and Exchange Board of India (SEBI) came out with a discussion paper highlighting a proposal to allow start-ups listed on the Innovators Growth Platform to trade under the regular category of the main board.

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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