The gold and crude oil prices, which have risen to records this year, may ease a little if the US central bank Federal Reserve cut rates at its meeting on Tuesday, an analyst said.The Fed is scheduled to meet today to consider revision of interest rates. The US banking sector regulator has already cut the rate at which it lends to banks by 0.25 per cent to 3.25 per cent at an emergency weekend meeting on Monday.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
The Sensex closed with gains of 202.33 points or 1.87% at 11,014.97 above the 11000 level.
Government is also will also enter into an agreement with Japan for a $50 billion swap.
These investors have pumped in about Rs 6,900 crore (Rs 69 billion) in the seven trading sessions after the Federal Open Market Commission meet.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Central bank raises red flag, warns of potential risk
Firm equity market failed to restrict the rupee's fall against the dollar
The nomination would put Yellen on course to be the first woman to lead the institution.
While gold fell by Rs 400 to Rs 28,000 per 10 grams, silver plunged by Rs 1,500 to Rs 43,100 per kg on poor offtake.
He said cheap valuations, improving sentiment and the ongoing reform momentum coupled with increased transparency due to the internet are driving investors to the Dalal Street.
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 move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
For now, the rupee is likely to remain dependant on global factors. The dollar held on to broad gains on Thursday after Fed chairman Bernanke said the central bank still expected to start scaling back its bond purchase programme later this year, but left open the option of altering that plan.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
'If you keep inflation low, everything else like messing up after after demonetisation will be forgiven,' says T C A Srinivasa-Raghavan.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
She will replace Ben Bernanke as the Chair of the Federal Reserve.
Christine Lagarde warned of a repeat of high market volatility.
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
According to Subbarao, the pressure on the currency was inevitable.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
India says it gives equal treatment to foreign companies on tax matters, not special consideration.
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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.
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
Summers dogged by controversies over past views
Global buyers are putting pressure on exporters to offer discounts between 10 per cent and 15 per cent.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The minister further said the rupee will regain the ground it lost against other currencies in the past few days.
India's numbers have shown a reasonable amount of improvement.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
Market recovery on the cards in 2014 as investors are likely to chase higher yields
The next round of bad news could come from Europe, where banks in a number of economies such as Italy, Portugal and Greece are sitting on mountains of bad loans.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Also keenly watching inflation numbers, with wholesale inflation data expected today
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