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Jun 6 • 4 tweets • 3 min read
#Apple #BNPL #Goldman #Walmart

Apple launches its own 'buy now, pay later' service in Apple Pay. This is a big deal especially since how much Inroads Apple has into the US

appleinsider.com/articles/22/06…
This was highlighted by @mikulaja back in Dec 2020
In fact @mikulaja latest Fintech letter which discusses many new developments in FINTECH especially with @Walmart getting aggressive in Fintech as well as the Layoffs in Fintech. VERY GOOD READ

fintechbusinessweekly.substack.com/p/at-least-11-…
If this is Any indication, @reliancejio is doing the smart thing of building a Handset and owning the ECOSYSTEM.

@airtelindia should figure out a way to get into this.

@Paytm is finished in my opinion

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More from @TheFactFindr

The Fact Finder Profile picture
Jun 7
#THREAD on #WHAT is #RBI likely to do tomorrow at the #MPC and #Why and how it would #IMPACT Markets? #RETWEET

(1) A rate Hikes I’d probably 30-40bps
(2) More #Importantly, a 25-50bp CRR Hike as well

What are the Drivers of this Decision?
RBI biggest Driver of Policy in my view is FOREX.

India is suffering Daily Forex Outflows Due to
(1) high Commodity Prices (Oil & Coal etc)
(2) FPI outflows
(3) Rising Remittances while FDI has slowed down

Recall that Jndia is still NOT added to the JPM EM debt Index (NA)
Two ways to arrest the INR depreciation is to raise Rates (REPO) or reduce Liquidity (CRR)

But we know India has a Demand Issue.

More #IMPORTANTLY, higher Rates will HURT the Govts Borrowing Cost and Eventually Raise System Deposit Rates
Read 18 tweets
The Fact Finder Profile picture
May 25
#NIFTY #FIISelling #THREAD

UNPOPULAR View : How Much More can FPIs Sell in India ?

(1) Latest FII holding in India is now at 17.9% which is almost a decade low.

(2) They appear to have sold in excess of Rs 2 Trillion in this 2022 alone…

BUT…
(3) absolute value of FII holdings is $611bn, which is still at almost all time high (just off from recent peak of $650bn)…

(4) the absolute value in 2019 end was $430bn….

(5) Essentially, FIIs have Barely Sold 5-7% of their Holding in India

And the Rationale to SELL
(7) India has done very well. The MSCI India is up +25% in 2021 and only 10% YTD 2022 whereas MSCI China was down -25% in 2021 and -22% in YTD 2022

(8) EM sand APAC is largely a CHINA Story. This point is just so under appreciated
Read 15 tweets

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