'What is forgotten but is actually as important for a society's long run success is morality.' 'Morals and trust are the nuts and bolts of an economy.' 'Without those you can get short run success, but not long-run development.'
The rupee resumed higher at 61.13 per dollar as against yesterday's closing level of 61.40 at the Interbank Foreign Exchange and strengthened further to 60.90 per dollar before ending at 61.05 per dollar, a gain of 35 paise or 0.57 per cent.
Firm equity market failed to restrict the rupee's fall against the dollar
The rupee had gained 6 paise to close at 60.07 against the dollar in Thursday's trade on fresh selling of the American currency by banks and exporters in view of strong capital inflows.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
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A weak rupee makes imports costlier, including oil and other commodities.
The rupee depreciated further by 7 paise to 65.12.
The US dollar's weakness against some currencies overseas capped the losses.
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The rupee bounced back from a one-month low to post its first gain in the New Year, rising 10 paise to close at 62.16 against the dollar after the RBI was said to have sold the US currency.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The India government needs to work on policies that can enhance global trade.
HDFC and Infosys contribute the most to today's rally.
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The 30 Sensex companies alone, which are among the biggest companies in the country, now account for nearly 50% or about Rs 47 lakh crore of total investor wealth.
Extending losses for the second straight day, the rupee declined by 11 paise to close at more than 3-week low of 66.93 against the US dollar.
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
It is important to note that slowdown in activity is really confined to a selected few regions within China.
The improvement in the current account deficit is expected to provide a major reprieve to the government and the Reserve Bank of India which have been battling to prop up the rupee.
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
Online and mobile based personal finance applications have gained importance over the past few years.
The rupee fell to more than one-month low of 65.75 against the US dollar on Thursday.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
Volatile currency market sentiment across Asia following a fresh round of China's yuan depreciation further added to gloom.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
The high new GDP numbers are puzzling.
The global economy may just be entering a new phase.
The rupee had last ended at 67.22 per dollar on March 16, 2016.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
The rupee has lost 37 paise or 0.55 per cent in two days.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
A rate cut could stimulate demand and help revive industrial activity, without much risk of sparking off inflation again.
'The world is going to be more insular.' 'What India needs to do is develop the domestic market for domestic consumption.' 'The emphasis has to be on Bharat as against India.'
In worldwide trade, the US dollar retreated from its recent multi-year highs to trade subdued against major rival currencies
Technical rallies and short covering may arise only if the markets break this 500 point band
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