We look at returns of various asset classes such as equity, debt, gold, crude oil and the Indian rupee in our latest monthly market summary.
We use data for these charts from Investing.com
Developed markets continued to rally in February. Emerging markets, including India fell by about one per cent in the month. Long term returns have been healthy in the US and in India.
Indian bond yields remained range bound around 7.5 in the month.
Gold moved higher initially, but moved back toward 1300 dollars per barrel toward the end of the month. If the commodity moves strongly away from 1200-1400 dollars per barrel, it would give a better indication of the long term trend.
Oil continued to rally, closing near the 66 dollars per barrel mark. This is still much lower than the value of 86 seen in October of last year which is a positive development for the Indian economy because of our large dependance on oil imports. It is important to keep an eye on this figure as it can have a destabilising effect on our macros.
The Rupee was range bound during the month with a slight depreciation against the Japanese Yen.
Rishad is the founder of Kairos Capital. He started his career with Standard Chartered Wealth Management and has extensive experience in markets, particularly in terms of mutual funds and stocks.