 
|
|
|
Key Events for the Month of April 2022:
• Nifty (-2.1%) moved down, as the markets got worried by hawkish Fed
• Brent Crude closed below $110 per barrel in April, as the geopolitical conflict continued for another month
• The IMF in its latest World Economic Outlook report, has slashed its forecast for India's FY23 GDP growth to 8.2% from 9%,
saying that higher commodity prices will weigh on private consumption and investment
• In a surprise move, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to increase
the repo rate by 40 basis points (bps) in an off-cycle meeting, citing inflation concern
• The wholesale inflation across the country rose to 14.55% in March 2022, 12th consecutive double digit number. The country’s
retail inflation, Consumer Price Index (CPI), rose to 6.95% in the month of March
• Indian exports touch $670bn in FY22 as services hit record $250bn
• GST mop-up hits record high of Rs 1.68 trn in April on robust biz activity
• India is likely to get normal southwest monsoon rains this year, Skymet stated, while forecasting the rainfall during the
upcoming season at 98% of the benchmark 50-year average, with an error margin of +/-5%
• FIIs continued being net sellers in the month of April 2022 and were net sellers to the tune of -$2.2bn even as DII buying
continued +$4.0bn. MFs had put in +2.9bn till 29th April 2022.
