The Nifty-Sensex have recorded successive 52-week lows through the last week.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
Month end dollar demand from oil importers has forced rupee to trade weak.
Citing rising prices, slowdown in growth and depreciation of rupee among the problems facing the economy, the opposition members said in the Lok Sabha that they feared the repeat of the 1991 crisis when the country had to mortgage gold as it failed to meet short-term debt obligations.
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.
Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
China's domestic debt is a major concern.
The world economy's growth engine is slowing, but not collapsing.
The govt would also be coming out with more measures to deal with inflation.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
