Sumedh Deorukhkar
Sumedh Deorukhkar
Senior Economist

Sumedh Deorukhkar joined BBVA Research in 2011. In his prior capacity as Senior Economist Asia, based in Hong Kong, he published extensively on emerging Asia with a focus on India and Indonesia. He regularly shares economic views across electronic media and his work is quoted in leading business newspapers and magazines. He was the key note speaker at the Asian Banker Conference 2015 held in Jakarta, Indonesia. His paper on India’s Overseas Direct Investments was selected for presentation at the 4thCopenhagen Business School Conference on ‘Emerging Multinationals: Outward Investment from Emerging Economies’ in 2014.  

In previous years, Sumedh worked for 4 years with ICICI Bank, India’s largest private sector bank, as an economist in its Treasury department, where he published extensively on the US and Indian financial markets.

Sumedh holds an MSc degree in Economics from Indira Gandhi Institute of Development Research, an advanced research institute established by the Reserve Bank of India. He also holds a specialized degree in Financial Risk Management from the Global Association of Risk Professionals (GARP), USA.

Latest publications

Global policy response failed to reassure investors, unnerved by the alarmingly rapid outbreak of Covid-19 beyond China and its impact on global growth and financial stability. Volatility soared and the USD and EMs FX depreciated.
There was a very sharp risk-off mood across global financial markets this week, as COVID-19 spread rapidly beyond China. The 10Y U.S. Treasury yield hit a new record low, 1.17%, while risk premia widened in the European periphery and EMs; major central banks tempered expectations of rate cuts.
COVID-19 spillover concerns rattled financial markets as cases jumped, particularly in Beijing, Japan and South Korea while leading multinational corporations issued coronavirus warnings for Q1. Implied volatility in equity markets surged (VIX at 17; +3).