Research
Notes on markets, cycles, and the thinking behind INVasset's quant-driven approach.
USD/INR near 91.95 reflects sentiment and event risk, not weak fundamentals. With a softer dollar, strong FX reserves, controlled inflation, and RBI smoothing volatility, the move appears temporary—driven mainly by India–US trade uncertainty.
Continue readingJapan’s 30-year yield nearing 4% signals a deeper crack in global bond markets. Rising Japanese yields can pull capital home, pressure U.S. Treasuries, lift global borrowing costs, and push investors toward gold and silver as monetary insurance.
Continue readingGIFT City is reshaping how global investors access India by combining IFSC regulation, dollar-denominated investing, capital flexibility, and tax efficiency. Its offshore AIF framework offers NRIs and institutions a globally aligned, structurally sound gateway to India’s growth.
Continue readingIndian silver is trading at an extreme premium to global prices, with MCX far above COMEX. Rising ETF premiums alongside futures divergence point to tightening physical availability and growing stress in price discovery across India’s silver market.
Continue readingThe gold–silver ratio near 50, last seen in 2012, signals a structural reset. Unwinding paper shorts, tight physical supply, and sustained premiums across Asia and the Middle East point to silver being repriced as a scarce monetary and industrial metal.
Continue readingCopper has tracked every major phase of global industrialisation—from railways to electrification to China’s rise. Today’s cycle, driven by EVs, AI, grids, and energy transition, is colliding with rigid supply, turning copper into a key macro signal.
Continue readingBudget 2026 is expected to focus on fiscal discipline, execution-led capex, competitiveness reforms, and policy continuity. Rather than big headlines, its impact will hinge on credibility, efficiency, and clarity—factors that quietly support market confidence and long-term growth.
Continue readingFor centuries, silver functioned as everyday money across civilizations. From the rupee and pound sterling to Chinese banking terms and the dollar’s origin, global languages still reflect silver’s historical role as the backbone of trade and currency.
Continue readingIndia’s market underperformance reflects sentiment and FII flow caution rather than weak fundamentals. Supportive global macros, strong domestic growth, and steady local flows keep the setup constructive, with a sharper breakout likely once trade clarity restores foreign participation.
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