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."
India's gross domestic product growth rate slipped to 7%.
The S&P and Dow dipped the most in a day since September 28.
Nifty continued to register successive new highs as it crossed the 9,200 mark on Friday
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
Former Real Madrid president Ramon Calderon has claimed that star forward Cristiano Ronaldo could make a return to Manchester United because he is disillusioned at the La Liga side.
Just when stocks are seen as invincible, we should worry, warns Akash Prakash.
'It may serve the interests of the rule of law if the Supreme Court were to appoint the UNHCR as amicus curiae in the CAA case,' notes Ambassador M K Bhadrakumar.
China plans to divert about 200 billion cubic metres of water annually from the Brahmaputra at its highest point, namely the Great Bend, where it turns into India. China's Brahmaputra dam will severely impact India, warns former senior RA&W officer and China expert Jayadeva Ranade.
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.
Markets could slide again owing to conditions in Europe and the US.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
RBI likely to cut rate early next year.
Sensex to end this year at 27,500 and reach 29,000 by mid 2016.
The displacements were a result of a combination of increasing hazard intensity, high population exposure and high levels of social and economic vulnerability, a report says.
At its last policy review, the central bank left policy repo rates on hold at 7.25 percent, tying future cuts to inflation outlook.
Investors will keenly watch US Fed meet starting Tuesday
'Investors hate uncertainty and the demonetisation move certainly creates that.'
TheWhat led to Pakistan not taking advantage of India's difficulty is the hold that the US has over the Pakistani ruling elite, observes Colonel Anil A Athale (retd).
RBI chief Raghuram Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments.
India Inc is borrowing from global firms as interest rates sky rocket in India.
As the United States prepares to sell F-16s to Pakistan, the country's former top diplomat has warned the Congress that such fighter jets would end up being used against India and not against terrorists.
In the latter half of the year, there would be some economic recovery and return to normal business conditions.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The government must expand the farm insurance cover and advice banks and financial institutions to settle crop insurance claims in the drought-hit areas without delay.
Rupee will weaken against the dollar in next 12 months, says Reuters poll.
As the Indian equities signed off 2019 on a remarkable note, the m-cap of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
From its all-time peak of 38,989.65 scaled on August 29 this year, the Sensex has fallen by 2,921.32 points, or 7.5 per cent, to 36,068.33.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
The July-September quarter GDP numbers are due on November 30.
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
Dried up liquidity, interest rate hikes and the resultant slump in consumption may slow down economic growth in the near term, according to the JM Morgan Stanley report for November 2005.
India must break out of this strategic triangulation between China and Pakistan. We need to settle our issues with one of the two, notes Shekhar Gupta.
US Fed rate rise raises risk of further drying up of FII flows.
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