RBI awaits fiscal stance, inflation to cool off to decide on rates.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
In the Sensex pack, Vedanta took the biggest hit (5.55 per cent), followed by Tata Motors, SBI, Yes Bank, Bharti Airtel and Infosys, which lost up to 4.50 per cent.
The Fed's interpretation of the increase in gas prices is the economist's basic mantra of supply and demand.
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
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
Global events will continue to be in the limelight, besides domestic policy.
Gold has risen sharply due to rising risk aversion
Gold was among the least bruised by Monday's selloff, dropping half a percent versus a 6 percent slide in Brent crude and a 2 percent decline in copper.
The decline bolstered bets that the Federal Reserve will hike interest rates in mid-2015
US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
This brings the Fed a step closer to raising interest rates this year
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The rupee gained 8 paise to close at over two-week high of 61.23 against the US dollar in the previous session.
Mark Mobius doesn't see any crisis brewing in emerging markets.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
'Rising Covid cases and localised lockdowns are being closely monitored.'
A video of Head Constable Iqbal Singh feeding the boy has gone viral on social media and has won plaudits for the security forces operating in Kashmir.
At present, the repo rate acts as the policy rate when liquidity is in deficit mode while reverse repo becomes the operating rate when there liquidity is surplus.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
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 sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
The rupee has dropped by 60 paise or 0.89 per cent in the last three trading days.
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.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
The RBI's next policy review is set for Sept. 29.
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
'India is possibly the most fiscally constrained market in the region.'
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
The bankruptcy filing of Lehman Brothers on September 15, 2008 brings back the most vivid memories of the crisis.
The rupee had revisited the near 2-month low of 60.55 per dollar earlier in the session.
The Indian rupee on Thursday appreciated by 12 paise to end at 66.71.
Make saving some of what you earn a monthly priority.
Reserve Bank of India Governor Bimal Jalan said on Friday that there was no proposal to lower the short-term benchmark repo rate now.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
