According to Subbarao, the pressure on the currency was inevitable.
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
IMF attributes the slower growth rate to supply-side bottlenecks.
The finance ministry and RBI must get less conservative and improve co-ordination.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
There cannot be value in every stock, whether large cap or otherwise. Thus buying a stock cheap does not always translate into value buying
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
The derivatives expiry on Thursday is also expected to add to the volatility.
The RBI Governor brought down retail inflation to 3.8% in July.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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