Analysts mostly prefer domestic plays beside select films with foreign exposure.
'Through the course of the year, we expect the economic weakness generated by demonetisation will give way to normalisation of growth conditions.'
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
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
.jpg)
The rupee is set to breach the Rs 60-a-dollar mark again this week as the Street expects foreign institutional investors to continue pulling out of domestic markets. According to the street, this would result in government bond yields rising.
'...and defensive until the global macro headwinds turn more benign.'
The domestic currency has already dropped 44 paise, or 0.67 per cent, in the previous two sessions.
There are some advantages of a falling rupee.
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.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
The euro skidded to a 6-week low of 133.700 yen in the early session.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
Foreign investors keeping off; inflows into bonds also likely to improve if RBI resumes rate cuts.
Congestion on Mumbai roads has become chronic.
As regards India, market valuations already reflect most positives.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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.
A customer wanting to buy a car would have to wait a long time for delivery.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances