India

Widespread outages will have short-term and long-term credit repercussions, says Moody's.

Punitive prices will force telcos to merge or exit altogether, says Fitch.

Good news domestic demand is expected to stay robust with a record-low 5.75% policy rate.

Blame it on nasty power outages and depressing export demand said HSBC.

This expectation remains in double digits for the eleventh consecutive quarter.

This is despite attractive benefits from a 50-bps cut this month, said Moody's.

Reserve Bank of India has recommended increasing provision requirements to 5%.

Bank of America Merrill Lynch considers India's inflation as comparable to others in the region but is concerned ongoing monetary tightening is counter-productive.

Almost all sub-segments of retail inflation continue to register in the 8-11% range.

This is because  the 7.3% dip in June inflation was still above the expected 7%.

Declining primary and fuel prices drove the fall in inflation.

The Reserve Bank of India will wait for the government to curtail fiscal deficit before it unleashes up to 50bps in rate cuts in Q412, says BBVA.

The current value of USD10.3b is expected to dip further to around 3% of GDP in FY13.

It will view the moderation in core WPI as pointing to room to lower rates despite the rising headline inflation rate, says DBS.

Effective counter-cyclical policy changes may be too late now.

While this was a positive surprise, says DBS, markets remain depressed viewing the number as too low.