She also took a swipe at the Bharatiya Janata Party over its defeat in the just-concluded Himachal Pradesh assembly elections, saying the ruling party's president could not hold on to his home state. "Who is the Pappu now?" she asked.
India's external firewalls were solid in the form of a healthy reserve position.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
'This is a good time to restructure your portfolio because the sectors and stocks that performed in the last bull market may not perform as much now.'
India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market.
Continuing its downward trend for the fifth consecutive week, the foreign exchange reserves plunged $2.754 billion to $311.427 billion in the week to October 3, led by a major fall in non-US currency assets, according to data released by the RBI.
The Prime Ministry's Economic Advisory Council Chairman also said fiscal deficit is a concern too and suggested raising domestic oil prices to restrict it to the budget target of 4.8 per cent of the gross domestic product in this fiscal.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
'It was because of the huge selloff in the Indian equities that the rupee fell so sharply against the dollar on Friday.'
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
While information technology companies will benefit, firms with high foreign borrowings or heavy dependence on imports will be hurt.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
A fall in the dollar against major currencies and higher capital flows have pushed up the rupee against the greenback. "To the extent that RBI, with a view to reduce undue volatility, intervened in the foreign exchange market, such appreciation was moderated," he told Lok Sabha.
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
A positive close in Indian stocks and fresh dollar selling by exporters at higher levels also helped the rupee to remain somewhat stable near its overnight close, forex dealers said.
'A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.'
'Hope they don't tinker around with capital gains tax in any way.'
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
Some experts, however, see a silver lining in the fall and said the volatility has come down sharply and that bodes well for the Indian currency
It makes sense to wait for govt schemes such as gold bonds.
Markets now expect the Fed to normalise rates gradually.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
The gains were capped due to month-end dollar demand from importers, mainly oil firms
The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.
This is its lowest level since August 30
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Traders say the outlook for the rupee has improved on the back of a sharp narrowing in the current account deficit after government and central bank emergency measures such as curbing gold imports.
S&P is the only of the three major credit agencies with a 'negative' outlook on India.
The rupee ended lower by six paise at 65.73 against the US dollar on Monday.
'Rate cut should reiterate RBI's commitment in providing confidence to consumers and small business.'
The central bank will auction Rs 220,00 crore (Rs 220 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
The dollar index was down by 0.02 per cent against a basket of six major currencies.
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.
Rupee rises by 16 paise against dollar on fresh selling.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
The rupee closed at Rs 66.21 in its last trading session.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Traders said the Reserve Bank's efforts to curb the falling rupee have failed to arrest the decline.
Gilt funds make sense only if you want to take a tactical view on interest rates and are looking for a short-term duration.
