India Economics

India Chart Book

20 December, 2018

A mixed year for markets

2018 has been a mixed bag for India’s financial markets. The bond market has seen significant gyrations, only for yields to end the year virtually flat from 12 months ago. Meanwhile, the 7% rise in the Sensex means it has outperformed most other major EM equity markets this year. However, the 9% slump in the rupee against the US dollar makes it one of worst performing EM currencies over the past 12 months. Looking ahead to 2019, we think that local equities will drop and the rupee will weaken furthe

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