'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Even investors with sums as low as Rs 1,000 per month can start their investment journey.
India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
At present, it is trading at around $1,004 an ounce in the international market, about $150 cheaper than gold
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
The exchange has always seen huge volumes in gold trading. But due to a fall in prices, volumes took a hit.
The rupee ended at 59.18 compared with previous close of 59.33 to the dollar.
The rupee resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54 at the interbank foreign exchange market.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
Finance Minister P Chidambaram on said that financing current account deficit (CAD) year after year is a challenge and the only way to deal with the problem is by increasing exports.
Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.
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The Reserve Bank of India late on Wednesday unveiled rules to restrict how much its citizens and companies can invest abroad and announced additional curbs on gold imports.
"According to the global financial services major, though CAD at 3.2 per cent of GDP is significantly lower than the 4.8 per cent it registered in fiscal year 2012-13 ", it still remains higher than the 2.4 per cent of GDP that we estimate as the optimal current account deficit".
They induced HNIs to trade on spot market commodity exchange with promise of high returns.
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
The government has taken a number of steps to stem the depreciation of rupee including moderation in demand of non-essential imports and enhancing supply of capital flows, Finance Minister P Chidambaram said.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
After hitting a record low of 68.85 to the dollar last week, a Reuters poll suggests the rupee will stabilise at 66 to the dollar by the end of September, while technical charts also point to a period of relative calm.
Be a disciplined investor for attractive returns, says fund managers.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Leading bourse Bombay Stock Exchange on Tuesday favoured more stock markets in the country saying it will help in channelising the household savings into productive capital.
India's economy grew at 7.6 per cent in 2015-16.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
Lower IT exports will raise India's dependence on capital flows to fund imports.
Sebi will be taking a number of measures to develop a derivatives market of commodities.
It is high time to manoeuvre the rupee more effectively and predictably, even as it has to be recognised that such tweaking of the rupee needs to be accompanied by reforms to the real sector and factor markets.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
The inflow of cheap capital has also kept the rupee at a high level, making exports uncompetitive and broadening the current account deficit despite falling oil prices.
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Analysts see FY16 CAD at 0.5-0.6% of GDP.
To say capital gains from stocks are effortless shows little understanding of the treacherous investing terrain, says Debashis Basu.
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