'Three external members of the first MPC are respected researchers with excellent academic background, but there is no harm in considering academicians with diverse backgrounds such as finance and labour along with economists for this body,' recommends Tamal Bandyopadhyay.
Investing in the US market provides Indian investors a hedge against the rupee's long-term tendency to depreciate against the dollar.
The 30-share Sensex closed 80 points lower at 21,753 levels while the 50-unit NSE Nifty index was down 38 points at 6486 levels. Benchmarks plunged to their lowest levels since March 06, 2014.
US Federal Reserve Chairper Janet Yellen hinted at raising interest rates sooner than expected, in her first press conference after assuming the top job at US central bank.
Mark Mobius, executive chairman of Templeton Emerging Markets Group still believes in the emerging markets growth story.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
The 30-share Sensex ended 56 points lower at at 20660 levels and the 50-share Nifty scrapped 14 points at 6155 levels.
Market participants said expectations of a rise in interest rates by the RBI and US Fed's comments on its stimulus programme are likely to keep the market nervous in the week ahead.
Fresh demand for the American unit from importers put pressure on the rupee.
China would contribute $41bn towards the pool. Brazil, India and Russia would contribute $18bn each; South Africa $5bn.
Thus far in FY21, BSE, NSE have rallied 70 per cent and 71 per cent, respectively.
While Goldman Sachs says India will see a transition, HSBC feels structural imbalances will lead to cloudy outlook for markets.
Indian economic growth hit a low of five per cent in the financial year ended March 31,2013 and further slowed in the first quarter of FY14.
December is packed with key economic and political events, both at the domestic and the global level, which will decide how foreign institutional investors (FIIs) fine tune their investment strategies
The tiny Central American nation of El Salvador has embarked on an interesting experiment by recognising bitcoin as legal tender. This is proving painful for many of its citizens but it's a useful "pilot" project for larger economies that are contemplating the peculiarities of this new asset class. El Salvador has a population of 6.5 million and GDP of about $27 billion.
Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
Top gainers in the Sensex pack included Vedanta, Coal India, ICICI Bank, PowerGrid, HCL Tech and Bajaj Finance, rising up to 2.65 per cent.
Delay in the tapering of the $85 billion-a-month bond buyback programme by the US Fed (tapering will start from January 1) gave the country time to replenish the forex reserves and rein in the high current account gap.
The 30-share Sensex ended flat at 21,833 and 50-share Nifty gained 7 points at 6,524.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
The partially convertible rupee closed at 61.77/78 per dollar compared to its close of 63.38/39 on Wednesday.
The poll predicts a better performance than this year's 9 per cent increase but far more modest than the 25 per cent surge in 2012 when foreign investors bought a massive $24.4 billion worth of Indian stocks.
The new Guv needs to focus on structural inflation problems.
The prime minister made a reference to orderly exit from unconventional monetary policies in the backdrop of splits between emerging markets and the US.
Winding down quantitative easing will be messy for the West and a big problem for India.
Interview with Asia-Pacific economist, Morgan Stanley
The Sensex ends up 16 points to end at 20,514.
There was sustained selling of the American currency by exporters ahead of a decision of US Federal Reserve on tapering its monetary stimulus.
It has been a choppy Samvat 2069 for the global markets.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Politics ahead of general elections, Fed tapering threats and inflation to keep markets on the toes.
After trading hours, the government said the June-quarter current account deficit widened to $21.8 billion from $18.1 billion in the previous quarter.
The government is worried the trade gap could worsen again and the currency could weaken as the US Federal Reserve looks set to start tapering its economic stimulus soon.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
It wants to wait for more evidence of solid economic growth before making any changes.
The central bank also asserted that the country is ready for the tapering of the US Federal Reserve's bond purchases.
The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE.
Investors need to ask some basic questions before betting in the markets on the Gujarat model's national success.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
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