IMPORTANT INDIAN ECONOMIC DATA WILL COME TODAY IN THE EVENING BETWEEN 6: PM TO 7:00 PM
1. INDIAN FOREX RESERVE :- International reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF.Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.
PREVIOUS @ 283.57B
2. INDIAN BANK LOAN GROWTH :- Bank Loan Growth measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence.
PREVIOUS @ 16.40%
3. INDIAN GDP QUARTERLY (YOY) :- Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
PREVIOUS @ 4.4%
FORECAST @ 4.6%
We are expecting GDP data will come more than forecast and this last GDP data in Congress Government.
1. INDIAN FOREX RESERVE :- International reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF.Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.
PREVIOUS @ 283.57B
2. INDIAN BANK LOAN GROWTH :- Bank Loan Growth measures the change in the total value of outstanding bank loans issued to consumers and businesses. Borrowing and spending are closely correlated with consumer confidence.
PREVIOUS @ 16.40%
3. INDIAN GDP QUARTERLY (YOY) :- Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
PREVIOUS @ 4.4%
FORECAST @ 4.6%
We are expecting GDP data will come more than forecast and this last GDP data in Congress Government.
http://www.moneycontrol.com/news/economy/q2-gdp-seen-at-47-agri-growth-at-31-industry-2-poll_999135.html
ReplyDeleteIndian FX Reserves, USD came @ 286.26B, Indian Bank Loan Growth came @ 15.50%, Indian GDP Quarterly came @ 4.8%.
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