FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Merz Pushes Faster Reforms to Revive German Economy 
Japan Inflation Rises, Boosting BOJ Rate Hike Bets 
Oil Prices Ease as US-Iran Tensions Keep Brent on Track for Weekly Gain 
US Treasury Buybacks Ease Global Bond Yield Surge 
India PMI Rises as Services Offset Manufacturing Slowdown 
US Dollar Heads for Worst Week Since July as Fiscal Concerns Mount 
Australia Unemployment Rate Hits 4.5% as Jobs Fall in July 
US Debt Tops $40 Trillion as Global Borrowing Costs Surge 
Asian Currencies Steady as Dollar Weakens After Treasury Bond Buybacks 
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It's official. Indian economy is growing at faster pace than China. Indian economy grew at faster pace of 7.4% in third quarter of 2015, broadly defying emerging market slowdown. In second quarter economy grew by 7%.
Whereas drop in commodity prices has slumped growth in Russia, Indonesia, Malaysia, India reaped benefit from those declines. Inflation has cooled, thanks to lower energy prices, enabling Reserve Bank India (RBI) to reduce rates sharply by 125 basis points. India is major commodity importer.
However, India's growth is not that impressive, considering the lower energy prices. Government has pushed reforms to make investments in the country easy and to do business. However, export sector hasn't improved much, in spite of falling value of Indian Rupee. India benefitted from lower oil price, however still importing lots of oils , which make the country vulnerable to oil price shock.
While Indian G-sec has performed well as RBI reduced rates, however stock market hasn't been much of a performer this year, down close to 5%., while Ruppe is down close to 6% against Dollar.
