Category: South Asia

Pakistan Lures Bargain Hunters

Pakistan Lures Bargain Hunters

Currency-depreciation rumors are playing out in Pakistan, with the rupee tumbling over 3.0% in mid-week trading. The realignment is provoked, at least fundamentally, by a deteriorating external account. But it is exacerbated by faltering confidence in the government. Prime Minister Sharif is under investigation for money-laundering  More ►

Investors Focus on Wrong Summit

Investors Focus on Wrong Summit

The Trump-Xi talks in Florida may have captured international news flow, but the more interesting set of meetings is taking place this week in India between Australian Prime Minister Turnbull and Indian Prime Minister Modi. While the Trump-Xi summit was intended to mitigate trade friction; the leaders of Australia and India  More ►

Foreign Investors Abandon India

Foreign Investors Abandon India

The Modi government has taken the extraordinary step of cancelling 85% of the Indian currency base. Cash holders have until year-end to exchange larger denomination banknotes for new, smaller ones. The move is an attempt to short-circuit a sizeable black economy. Our concern is the abrupt, albeit temporary, halt in economic  More ►

India Recalibrates Gold Market

India Recalibrates Gold Market

Diwali starts this weekend. The Hindu celebration is the most auspicious time of the year to buy gold. Most pundits expect to see robust purchase data forthcoming from the world’s largest retail market for the metal. That demand should lead to a more buoyant gold price over the near-term, especially when paired with US  More ►

India Resets Monetary Policy

India Resets Monetary Policy

The Reserve Bank of India has notched down its policy rate by 25 basis points. The economic argument favoring the cut centers on more constructive inflation data. But the newly formed rate-setting committee was also looking for an opportunity to assert policy oversight. The move will help to reverse sour sentiment toward India among global  More ►

Bitcoin Confronts Firewood

Bitcoin Confronts Firewood

The Nepalese rupee is the official currency in Kathmandu and Pokhara, but in some rural areas, firewood is a preferred form of exchange. What would you do if the nearest bank is a hike across the mountains? Firewood may be more practical than it sounds, similar to gold elsewhere. One reason is that it is  More ►

Rain Is Born

Rain Is Born

The southwest monsoon has officially arrived in India. Nothing defines domestic output quite like the rainy season. There is an entire industry focused on predicting the quality of the monsoon. Due to sparse irrigation, the dominant agricultural sector relies on the weather cycle for a productive, if not robust, harvest.  More ►