RBI Governor cautioned against more volatility.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Led by the weak trend in the broader market, the market capitalisation of BSE-listed companies plunged Rs 1,65,437.91 crore to Rs 1,38,54,439.41 crore.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'
'As we grew up in service and became seniors ourselves, our commanders advised us to graduate to whiskey since rum did not suit the stature and 'shaan' of a senior officer.' Nitin Sathe recalls his encounters with whiskey on World Whiskey Day.
The Rupee is expected to weaken further against the dollar.
The 30-share Sensex ended down 563 points at 25,202.
Demonetisation impact, earnings growth, central bank policies will get attention.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Many analysts over the past week have said the RBI has legroom to cut rates to the tune of 65 bps by June and some like Barclays and BofA have also spoken about the likelihood of an inter-meeting cut.
All policy planners want low interest rate, says Jaitley
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
The view among the regulator and the government is that the currency is overvalued
Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal
RBI Governor has been under pressure from Finance Ministry.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Investor wealth slumped by Rs 1.55 lakh crore on Thursday today, dragged down by massive selling in the stock markets where nearly seven out of ten shares closed lower.
The markets stayed on edge last week due to the endless saga of Greece's problems.
Adopting a wait- and-watch approach ahead of US Fed meeting
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
The BSE Sensex was among the world's best performers in 2014, rising almost 30 per cent after Prime Minister Narendra Modi took office on promises of reforms to boost growth
'If the Union Budget can provide incentives for animal spirits to come as well as induce demand stimulus and consumption, the Budget would have done a wonderful job.'
'Removing Biplab Deb and replacing him with Manik Saha is a fruitless exercise that the BJP national leadership has indulged in.' 'It is foolish to think that people will forget what these two have done to the state and its people in the last four years.'
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
The Indian economy's election-year syndrome cannot be ignored, says A K Bhattacharya.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
With a global selloff over concerns of the US Federal Reserve's bond-buying tapering impacting the currencies of several emerging markets, the rupee has been the worst performer since Thursday.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
Mark Mobius, executive chairman of Templeton Emerging Markets Group still believes in the emerging markets growth story.
December is packed with key economic and political events, both at the domestic and the global level, which will decide how foreign institutional investors (FIIs) fine tune their investment strategies
