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

Markets remained cautious with the U.S.-China trade conflict showing no signs of abating, spurring fears over global growth and currency volatility. Trump downplayed expectations of holding a trade meeting with China in September. In this context, safe-haven assets remained in demand.
China’s stronger-than-expected daily fixing of its currency and an unexpected rise in Chinese exports cushioned rising fears over a worsening trade conflict. Despite signals of some renewed risk appetite, markets remain cautious over the potential for further escalation in the trade war.
Bonds continued to be demanded as cyclical concerns intensified, driven by trade frictions, disappointing Eurozone data and risks of a hard Brexit. The appreciation of safe-haven currencies and rallying gold prices signaled strengthening risk-off mood across financial markets.