On Rush Hour, with Sumita Kareer, we are joined by Manish Singh of Crossbridge Capital. We discuss the inflation in China and how it has slowed down according to multiple indices. The data shows that the consumer price index of the country has also remained unchanged on a year on year basis. This is a steepest decline since 2015.

“So the Fed will clearly be looking in terms of first, they will be relieved that inflation is not a problem. It has not been a problem for some time but at least in the headline number, they will be relieved,” says Manish Singh, CIO, Crossbridge Capital.

“FX reserves that India has per RBI latest numbers, 560 billion euros or thereabouts. So, if India continues to buy energy in its own currency, then the FX reserves that we have currently in India are sufficient to fund 10 years of deficit. Now that is a massive game changer,” says Manish Singh, Crossbridge Capital.

On Rush Hour, with Sumita Kareer, we discuss what we can expect from the markets in the time to come. We are joined by Manish Singh of Crossbridge Capital who talks about what we and the market can expect. India’s market cap for the stock market is $3.31 trillion, while economies like Hong Kong and France have $5.14 trillion and $3.24 trillion respectively.

Investors will be keenly watching the U.S. Federal Reserve, where the FOMC will convene to meet on December 13-14. While the street is expecting the central banks to slow the pace at which it raises interest rates, it has in the past signaled that it is not yet close to hitting the pause button to tighten monetary policy given persistent inflationary pressures.