The plot goes pretty much as expected but the Hai Junoon team seem to have sat with a check list of issues that affect today's teenagers, and ticked the ones used in the show, observes Deepa Gahlot.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
Oct-Dec current account deficit narrows
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
The rupee fell to an all-time low of 61.21 per dollar, forcing the Reserve Bank of India to intervene to stabilise the currency.
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The rupee has avoided the heavy losses suffered by some emerging Asian currencies such as the Philippine peso this year because of its efforts to narrow the current account deficit, and strong foreign investor inflows.
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RBI chief Raghuram Rajan said on Thursday he was 'very uncomfortable' with the inflation reading, a comment that probably seals the case for him to deliver his third rate increase next Wednesday, despite a weak economy.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
India showed revival signs in the March quarter.
Government has forecast annual economic growth to rise to 7.4%.
Indian Economy poised for growth, say experts.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
Will RBI chief have the final say, in the form of a veto
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
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