With rainfall and monsoons becoming highly unpredictable partly due to climate change and partly due to usual changes in weather patterns, it is such innovations by IMD which will help in planning better, reports Sanjeeb Mukherjee.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
The rupee weakened against the dollar in late trades on Thursday tracking weakness in the equity markets.
Markets will watch the policy meeting on June 18 and 19 for clues to a rollback of stimulus measures. Fed officials are divided over their ultra-easy monetary policy and some warn it could stoke future inflation and financial instability.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
Indian markets too saw a deep fall as a result of the Federal Reserve's shift in policy and the Nifty and Sensex ended down more then 2.5 per cent in the negative, whereas the Europe is trading in red too.
A fall presents an opportunity to buy rate-sensitive stocks.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
RBI Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.
Achieving inflation target of 4 per cent, recovery after remonetisation and hardening profile of oil prices are some of the risks which the RBI is watching closely, says Gaurav Kapur.
'Without doubt, General Bajwa has deliberately snubbed India.' 'But why did he do that?' 'The Male leadership is simply fed up with Indian interference,' says Ambassador M K Bhadrakumar.
'I could have joined the BJP in 2014, the doors were open.' 'I stayed on with the TMC, a party I was involved with since its very inception.' 'But today enough is enough.'
Finance Minister Arun Jaitley said the government will continue to pursue policies to support growth amid global slowdown.
The view among the regulator and the government is that the currency is overvalued
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley.
This is the fourth straight weekly plunge for both the indices.
The IMF has encouraged both the UK and the EU to work collaboratively towards a smooth transition.
The US Federal Reserve on Wednesday night hiked interest rates by 0.25%.
A rate cut will bring positive sentiment around the Budget.
According to the revised forecast by HSBC, the rupee is likely to be around Rs 51 per USD (as against Rs 57 per USD earlier) by the first quarter ended March 31.
With dollar demand rising, it dropped further to 55.49, before ending slightly better at 55.43 -- a loss of 22 paise or 0.39 per cent over Wednesday.
The broader NSE Nifty reclaimed the key 10,100-mark and touched a high of 10,155.65, before finally settling at 10,124.35
Senior Bharatiya Janata Party leader Rajnath Singh on Thursday claimed that his party was the front-runner in the elections in five states, including Goa.
The market is clinging to support above the 8,000 mark and hitting resistance above 8,150.
This will encourage exports and discourage non-essential imports such as precious metals
RBI Governor Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The BSE Sensex was among the world's best performers in 2014, rising almost 30 per cent after Prime Minister Narendra Modi took office on promises of reforms to boost growth
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
The 50-share Nifty bounced 83.35 points, or 0.86 per cent, to 9,794.15 at close.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
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