However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
She will replace Ben Bernanke as the Chair of the Federal Reserve.
Germany is now sitting on a mountain of savings.
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
He said cheap valuations, improving sentiment and the ongoing reform momentum coupled with increased transparency due to the internet are driving investors to the Dalal Street.
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The rupee is set to breach the Rs 60-a-dollar mark again this week as the Street expects foreign institutional investors to continue pulling out of domestic markets. According to the street, this would result in government bond yields rising.
Christine Lagarde warned of a repeat of high market volatility.
Global buyers are putting pressure on exporters to offer discounts between 10 per cent and 15 per cent.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The minister further said the rupee will regain the ground it lost against other currencies in the past few days.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
In the backdrop of the US economy slowly improving, the US Federal Reserve chairman Ben S Bernanke has said that stricter regulatory measures would be the 'best' response to tackle housing bubble.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
According to Subbarao, the pressure on the currency was inevitable.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
Market recovery on the cards in 2014 as investors are likely to chase higher yields
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
The precious metal spurted to regain Rs 27,000 level after June 24 as it rose in global markets following Federal Reserve Chairman Ben S Bernanke backed sustained stimulus for the for some time.
India's numbers have shown a reasonable amount of improvement.
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
'If you keep inflation low, everything else like messing up after after demonetisation will be forgiven,' says T C A Srinivasa-Raghavan.
Also keenly watching inflation numbers, with wholesale inflation data expected today
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
The NSE Nifty also closed at 16- month high at 4,958, up 66 points. US markets rose to calender year high on Tuesday after strong manufacturing and retail sales boosted commodity prices and shares of material companies.
The nomination would put Yellen on course to be the first woman to lead the institution.
The next round of bad news could come from Europe, where banks in a number of economies such as Italy, Portugal and Greece are sitting on mountains of bad loans.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Summers dogged by controversies over past views
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
The Federal Reserve must now ensure that higher inflation doesn't derail the US recovery.
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
While gold fell by Rs 400 to Rs 28,000 per 10 grams, silver plunged by Rs 1,500 to Rs 43,100 per kg on poor offtake.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
Central bank raises red flag, warns of potential risk
They believe that long-term story is intact.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
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