The bond market expects at least 25 basis points cut in the June 6 policy.
The Rupee is expected to weaken further against the dollar.
South African President Cyril Ramaphosa has conceded for the first time that divisions within the ruling African National Congress prevented appropriate action against the influential Gupta family from India for their alleged involvement in massive state capture.
The rupee will largely remain stable but with a mild depreciating bias in the next one year
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
For people at the bottom of the pyramid, which I would rather address as mass market or emerging class; the primary challenge in accessing banking services are not just affordability but applicability and accessibility of services.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Indian captain Virat Kohli and his South African counterpart Faf du Plessis made the donation of 100,000 Rand to the Gift of the Givers Foundation at the third T20 International cricket match at the Newlands Stadium on Sunday.
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The rupee resumed lower at 61.15 per dollar as against the last closing level of 60.77 per dollar yesterday at the Interbank Foreign Exchange (Forex) Market and dropped further to 61.44 per dollar before quoting at 61.40 per dollar at 1045 hours.
The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.
The RBI had in the past expressed its concerns about allowing foreign investors in short-term paper, because it attracted hot money.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
NBFCs are mainly dependent on funding their operation from their own cash flows.
Sunil Nayyar moved to India as head of sales for Sony.
'Lingering border disputes and fierce geostrategic competition in South Asia between China and India are likely to temper any cooperation Beijing might hope to achieve with New Delhi in the SCO,' says P K Vasudeva.
Further outperformance hinges on pickup in industrial activity, buying by local investors.
The immediate concern for the rupee is the sharp spike in oil prices
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
'Offensive operations to capture objectives across the LoC to eliminate terrorist launch pads and deny the use of the most dangerous routes of infiltration, are likely to be limited to brigade-level attacks.' 'These limited operations are unlikely to escalate to war across the international boundary,' says Brigadier Gurmeet Kanwal (retd).
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
Uber is battling serious backlash from the establishment in several countries.
'Absolute non-violence is not only sinful, but immoral.' 'This doctrine of non-violence benumbed the revolutionary fervor, softened the limbs and hearts of the Hindus, and stiffened the bones of enemies.' A revealing excerpt from Vikram Sampath's Savarkar (Part 2): A Contested Legacy, 1924-1966.
The Chinese air force is now a 400,000-person force that flies some 2,000 combat aircraft -- more than thrice the size of the Indian Air Force.
Reserve Bank Governor Raghuram Rajan is widely expected to hold the key rates citing high inflation at the fourth bi-monthly monetary policy announcement on Tuesday, even though the pro-growth lobby has been wishing for a rate cut.
'If journalism is the first draft of history, then photojournalism is the first draft of its evidence,' Raghu Rai, arguably India's finest living photojournalist, tells Pavan Lall.
'Whatever else may or may not happen, China and its people are likely to pay a very heavy price for the lack of transparency of its Communist regime,' predicts Colonel Anil A Athale (retd).
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
United States Secretary of State John Kerry, heading a high-powered delegation of his cabinet colleagues and top military commanders, today left for India as part of his 10-day seven nation Asia trip.
'We rarely choose to fight when the threat is still a nascent threat. When we do fight, we fight when the invaders reach Panipat and are preparing to knock on the gates of Delhi.'
It is time the new government, unencumbered with the burden of past, initiates a wide ranging review and open debate on the security issues to rectify our short term and long term shortcomings. It has taken some wise steps but has to go beyond this to identify the structural weakness and create systems, says Colonel (retd) Anil Athale.
'He has led India to wins in the World T20, the World Cup and the Champions Trophy. Which other captain in the world can boast of such a record?' 'And if it is about form, then Virat Kohli isn't in the best of form. Neither is Shikhar Dhawan. So what do you do? Drop them all?'
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
Faf du Plessis pointed out that they were missing out on their best players due to the Kolpak deal.
'My father thinks I'm not ambitious and too slow. He wants me to work in Hindi films with big superstars.' Meet Baahubali director, SS Rajamouli.
This was good enough for Fernandes to hire Chandilya to lead his India business.
Board of Control for Cricket in India secretary Sanjay Patel and Cricket South Africa CEO Haroon Lorgat will meet during the upcoming ICC Chief Executives' Committee meeting, in Dubai, on September 16-17.
RBI is unlikely to stem the slide against the dollar as the greenback is rising rapidly against all currencies in the world.
'The unveiling of the Cybertruck seems to me the turning point in the design and manufacture of automobiles in much the same way as American skyscrapers were the turning point of architectural design in the world,' says Aakar Patel.
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