The surge is a stark turnaround from 2013 when the country's current account gap hit a record high due to outflows on expectations the US Fed would rein in its stimulus programme
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
Reserve Bank Governor Raghuram Rajan today criticised multilateral institutions like the IMF and the World Bank saying "they are not immune to cognitive capture".
Nearly half of the 20 indexes polled globally are now expected to end the year lower than where they started
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
Traders are waiting for the earnings season to kick off.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
Protectionism and a rollback of regulation. Defusion of tensions with Russia and a lowering of geo-political risks. Looser fiscal policy and tighter monetary policy. At least Donald Trump can't be faulted for not trying something different where existing policies have disappointed, says T T Ram Mohan.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Indian benchmark indices may witness bouts of volatility this week as traders roll over positions in the derivative segment on expiry of near-month contracts, say experts.
Nearly six months after he nominated Dr Islam A 'Isi' Siddiqui to be the chief agricultural negotiator at the office of the US Trade Representative, US President Barack Obama -- fed up with what the White House called 'obstructionist' policies by Senate Republicans in not confirming Siddiqui and several others -- appointed Siddiqui and 14 others as soon as the Senate adjourned for the Easter vacation-recess.
RBI has, since January, cut its policy rate four times.
Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
'Markets are likely to remain choppy for the next 6 months.'
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
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The basis of Ind-Ra's expectation of INR appreciation is based on economic developments in the last one to two months of this fiscal and the likely developments in the remaining months.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
With the stimulus measures primarily comprising cut in indirect taxes, the Survey said there is likely to be a shortfall in tax collections under these heads.
If global stagflation takes hold, it will force China to accelerate its reforms to float its currency and create a single, independent and market-based financial system. When that happens, the dollar will collapse.
In the case of Indian equities specifically, all eyes will now be on the next RBI monetary policy scheduled for September 29.
In a letter addressed to Indian Olympic Association President Narinder Batra, IOC's Director (Olympic Solidarity and NOC Relations) James Macleod expressed the world body's satisfaction with the written guarantee from the Indian government on the issue.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
The Pakistan government on Saturday reappointed another four judges sacked by former president Pervez Musharraf, taking to 12 the number of justices restored since Wednesday amid allegations that it was pursuing a policy of 'selective' reinstatement. The four judges of the Lahore high court, who were among 60 deposed during last year's emergency, were administered oath by provincial Chief Justice Syed Zahid Hussain Bukhari at a simple ceremony in the eastern city.
Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 per cent, followed by Reliance Industries (2.44 per cent), Maruti (1.84 per cent), SBI (1.76 per cent) and Bajaj Finance (1.23 per cent).
Goldman says the downgrade reflects the more difficult external funding conditions for Asia as markets increasingly anticipate Fed tapering and eventual exit from unconventional monetary policies.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
Bengal, where the electoral discourse has mostly steered clear of divisive agenda, has been drawn into the vortex with the TMC and the BJP accusing each other of fanning communal sentiments ahead of elections.
'Mamata's numbers will reduce this time compared to 2016.'
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
The Bank Nifty is high beta anyhow and it could move the broader market.
India must be aware that there is no question of the US fighting the Chinese on land. We have to fight our own battles, points out Virendra Kapoor.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.
Chinese stocks plummeted 9 per cent on Monday
According to the global financial services major, the Consumer Price Index based inflation is peaking off and is expected to be around 7.5-8 per cent in September.
The US economy has been growing comfortably for several quarters.
In a forthright "last public lecture" before he retires next week, RBI Governor D Subbarao was on Thursday sharply critical of the government, blaming its "loose fiscal stance" for the current economic woes, and warned that the root cause of rupee depreciation is "domestic structural factors."
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