BasisPoint Groupthink

Groupthink is the House View of BasisPoint’s in-house columnists.

RBI Cuts Rates, Reading Softness Beneath the 8.2% Shine

Monetary Policy

RBI cut rates despite 8.2% growth, signalling it sees early softening beneath the headline and is using rare disinflation space to steady momentum and cool yields.

December 5, 2025 at 5:17 AM IST

RBI Tweets

Rupee Dilemma: The Case for Strategic Silence

RBI’s reticence, even as the rupee slips past 90, has unsettled markets. But sometimes, saying more only compounds the problem.

BasisPoint Groupthink

December 4, 2025 at 4:30 AM IST

The Quarter When Nominal Growth Became the Real Signal

India’s latest GDP numbers reveal strong real activity but muted income generation. The narrow real–nominal gap reframes the entire growth narrative.

BasisPoint Groupthink

November 29, 2025 at 6:26 AM IST

Finance Ministry

Fiscal Calm Masks Fragile Math Built on Windfalls and Deflators

India may meet its 4.4% deficit goal this year, but only through one-off gains and statistical cushions that leave its fiscal base exposed.

BasisPoint Groupthink

November 13, 2025 at 12:36 PM IST

Finance Ministry

Indian Refiners Lose the Russian Cushion

Washington’s sanctions on Rosneft and Lukoil threaten to upend India’s cost advantage in crude oil imports.

BasisPoint Groupthink

October 24, 2025 at 12:09 PM IST

iStock.com

MPC’s New Voice Speaks the Old Grammar of Caution

Monetary Policy

Indranil Bhattacharyya’s debut echoes the RBI’s old grammar of caution—clear in logic, yet padded with the rhetorical crutches it didn’t need.

BasisPoint Groupthink

October 17, 2025 at 1:19 PM IST

Partly Monetary Policy, Largely Credit Policy

WRAP

RBI holds repo rate at 5.5% but turns back to credit policy playbook, spurring lending while leaving December wide open for rate cuts.

BasisPoint Groupthink

October 1, 2025 at 12:22 PM IST

Poonam Gupta's tweet

Time for RBI to Recount, Reset

Monetary Policy

Beyond the rate call, the October review must recount what has been done, what was achieved, and set the compass for policy in the year ahead.

BasisPoint Groupthink

September 30, 2025 at 10:23 AM IST

iStock.com

Powell’s Quiet Win Against Trump’s Noise

Powell rallied colleagues for a cautious cut, resisting Trump’s pressure. His quiet resilience showed the Fed can still steer its own course.

BasisPoint Groupthink

September 18, 2025 at 2:28 AM IST

White House

Global Leaders Turn Modi’s 75th Birthday Into Diplomatic Spectacle

At 75, Modi’s birthday became a stage for diplomacy and spectacle, with tributes reflecting both his stature and India’s shifting place in the world.

BasisPoint Groupthink

September 17, 2025 at 2:11 PM IST

PIB

Why India’s Stock Markets are Poised for a Major Shift

SEBI reforms unlock mega IPOs and foreign capital with SWAGAT initiative, setting the stage for stable, long-term investments in India

BasisPoint Groupthink

September 13, 2025 at 11:27 AM IST

Jimmy vikas/cc

A New Approach in Trump’s War On Powell

Trump’s latest jab at Powell swaps brute force for reductio ad absurdum, arming his Fed critique with jokes, jargon, and a dash of intellectual flair.

BasisPoint Groupthink

September 10, 2025 at 2:08 AM IST

Cash Cows, Not Tech Leaders

Indian IT fattens shareholders with buybacks, but starves itself of ideas. Cash cows seldom become global tech pioneers.

BasisPoint Groupthink

September 9, 2025 at 6:08 AM IST

iStock.com

Eggheads, Not Cheerleaders

When institutional heads slip into boosterism, they stop being referees and start misleading the very investors they are meant to protect.

BasisPoint Groupthink

September 2, 2025 at 2:21 PM IST

iStock.com

Open Mouths, Open Markets, and RBI’s Signalling Gap

The RBI’s June gamble of frontloaded easing and a sudden neutral stance has backfired, raising borrowing costs. Governor Malhotra now needs both words and deeds.

BasisPoint Groupthink

August 27, 2025 at 6:45 AM IST

RBI

Powell’s Precarious Balance

Powell’s Jackson Hole signal of a rate cut showed a Fed caught between rising unemployment risks and Trump’s tariff-fuelled inflation pressures.

BasisPoint Groupthink

August 22, 2025 at 4:41 PM IST

US Federal Reserve

RBI’s October Call Hinges on Transmission, Tariffs and a Swing Voter

August MPC minutes show caution but not closure. With Ranjan wavering, the RBI keeps cuts alive while waiting on data, tariffs, and transmission.

BasisPoint Groupthink

August 20, 2025 at 2:42 PM IST

Poonam Gupta

Lilavati Case Puts HDFC Bank Chief in Unwanted Spotlight

A courtroom battle over Mumbai’s Lilavati Trust has put HDFC Bank chief Sashidhar Jagdishan’s reputation on trial far beyond the balance sheet.

BasisPoint Groupthink

August 19, 2025 at 8:04 AM IST

WikiCommons

Powell, Under Construction

Trump’s latest shot at Powell swaps rate charts for blueprints, but the aim is the same: bend the Fed to his campaign tune.

BasisPoint Groupthink

August 12, 2025 at 4:39 PM IST

White House

When the RBI Governor’s Words Move More Than Just Markets

Two recent flare-ups show why Sanjay Malhotra must blend facts with empathy because, for an RBI governor, every word can be policy.

BasisPoint Groupthink

August 12, 2025 at 9:36 AM IST

Screengrab from RBI Press Conference

The Bureau

OMO Injections and VRRR Drains Can Run Side by Side

Expect Little From the Deputy USTR’s Visit: GTRI

Fitch Lifts India Growth Forecast, Expects One Last Cut This Week

Why IBC Resolution-to-Liquidation Ratio has Fallen Again?

November GST Collection Lowest Since September 2024

Government Seeks Parliament Approval to Spend Net Additional ₹415 Billion in FY26

India’s Exports to US Fall 28.5% in Past Five Months as Tariffs Batter Key Sectors

Strong GDP Print Knocks Back Market Hopes of RBI Rate Cut

Sundeep Sikka on Building Team at Nippon MF & the Future of Mutual Funds | Market Makers Part - II

Jallikattu: Tamil Nadu’s Ancient Bull-Taming Tradition