BNP Paribas fortnightly Macro Economic Dashboard
Summary of main Points
Bank Non food credit growth rate remains strong.
(Believe will further accelerate for couple of months before it will slow. Quiet a few borrowers will get shut out of capital markets and will be forced to go back to banks, at least temporarily)
CP issuance growth slowing down…..though still very strong yoy growth.
10 years yields breach 8% and staying there. Rupee depreciation and current account deficit will need an RBI response, is an assumption.
Inflation number continues to be soft though rupee depreciation is expected to creep in with a lag.