The RBI's warnings signal its concern that unhedged firms could be a vulnerable link should global markets buckle.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
The rupee has depreciated 2.35 per cent in the past three months and one per cent in the past month, despite strong capital flows and falling oil prices.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
April policy could be all about RBI communication.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
'When the rupee was at 65 a dollar, we wanted to go to Thailand for a holiday.' 'Now at 72, we may find Goa much more attractive.' 'That's how correction happens.' 'If you don't let that correction happen, then it's a pressure cooker that bursts one day.'
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Firm equity market failed to restrict the rupee's fall against the dollar
The RBI's macroeconomic report released after the close of markets said upside risks to food inflation remain and that it expects the retail and wholesale price inflation to remain above comfort levels.
According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.
The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms.
'The market won't wait for earnings to recover.'
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
It was a year of big gains for equity investors.
The headline inflation eased to a five-month low in December on lower vegetable prices, providing some relief to the ruling coalition before a national election and increasing the odds that interest rates will stay on hold this month.
The rupee continued to rule firm against the dollar for the second consecutive day.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
For the week, the battered rupee gained 26 paise against the greenback
The rupee had dropped by 18 paise to end at 66.40
Gilt funds make sense only if you want to take a tactical view on interest rates and are looking for a short-term duration.
Lower IT exports will raise India's dependence on capital flows to fund imports.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Rajan's first few measures include swap window facility for banks to lure in NRI funds.
With Greeks' rejection of rescue package from creditors spooking markets, the government on Monday asserted that India is well insulated from the crisis but rupee may be affected due to the outward flight of investment.
India's economy is in much better shape to weather tighter U.S. monetary policy.
The RBI recently met with a handful of foreign banks and asked them to stop acting as market-makers for rupee NDFs, according to three bankers involved in the discussions.
The rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback on Monday following demand for the US currency from importers.
Significant investors in government bonds FIIs have been net sellers since May 22.
The rupee is trading weak against the dollar in afternoon trade.
Rajan said that even though inflation has breached the 6 per cent mark as against the RBI target of getting it down to 5 per cent by March 2017, the price rise scenario will ebb in future
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
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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.
Reddy has worked to reform the economy.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
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