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Indian economics Essay

Effectively, the CB gave into higher yields as a hatcheck of fiasco would have hit the current mandate of FAX policy. Clearly, the CB in India has chosen to compromise on its role as the Debt Manager (DMS) to the government (with inherent bias for lower interest rates) for the time being in an apparent bid to defend the INNER. CB has been able to convince the government that INNER defense is the rarity at this time leading to acceptance of less-favorable pricing by the former at the bond auctions today. Global Markets Research The Event: NOVO-08 RIB dilutes DMS role; INNER priority Shish Kumar shish. [email protected] Com +91 22 3032 8536 Learn Securities (India) Private Limited Learn Securities (India) Private Limited Disclosures & Confidentiality for non U. S. Investors The Note is based on our estimates and is being provided to you (herein referred to as the “Recipient”) only for information purposes. The sole purpose of this Note is to revive preliminary information on the business activities of the company and the projected financial statements in order to assist the recipient in understanding / evaluating the Proposal.

Nothing in this document should be construed as an advice to buy or

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Upon request, the Recipient will promptly return all material received from the company and/or the Advisors without retaining any copies thereof. The Information given in this document is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This Information is subject to change without any prior notice. Learn or any of its affiliates reserves the right to cake modifications and alterations to this statement as may be required from time to time. However, Learn is under no obligation to update or keep the information current.

Neither Learn nor any of its affiliates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. This Note should not be deemed an indication of the state of affairs of the company nor shall it constitute an indication hat there has been no change in the business or state of affairs of the company since the date of publication of this Note.

The disclosures of interest statements incorporated in this document are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. Learn Securities (India) Private Limited generally prohibits its analysts, persons reporting to analysts and their family members from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover.

The analyst for this port certifies that all of the views expressed in this report accurately reflect his or securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Any clarifications / queries on the proposal as well as any future communication regarding the proposal should be addressed to Learn Securities (India) Private Limited / the company. Disclaimer for non U. S.

Investors The information contained in this note is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Disclaimer for U. S.

Investors This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.

Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision.

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