Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
Trump's move followed a rare show of bipartisanship on Thursday when legislators voted to fund large swaths of the government and avoid a repeat of the recent five-week government shutdown.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Markets could slide again owing to conditions in Europe and the US.
Since 2014, India has left its moorings as a pluralist, modern, secular State because that is how the BJP wants it to be, notes Aakar Patel.
The US economy has been growing comfortably for several quarters.
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
Arvind Mayaram, economic affairs secretary at the finance ministry, also said that a fall in bulk diesel demand this fiscal year will save the government about $1 billion.
Once it gets the nod of the President and becomes an Act, the law would require Indian carriers to pay compensation amount that is equivalent to the rates paid by their global counterparts.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
Pakistan has moved one step closer to receiving massive American economic and military largesse -- reminiscent of the billions of dollars it received during the Reagan and George W Bush Administrations when military dictators Mohammad Zia-ul Haq and Pervez Musharraf respectively were in charge -- to the tune of $1.5 billion annually over five years, when the Senate-Lugar aid bill steamrolled through the powerful Senate Foreign Relations Committee by a vote of 16-0.
If politicians are not even aware of the deep economic trouble a country is in, the crisis can only escalate.
'No one cares about fiscal deficit now. Or for that matter, inflation.' 'The focus is on growth and growth alone.' 'RBI needs to break the risk aversion of banks and infuse adrenaline in their veins', says Tamal Bandyopadhyay.
Russia asks World Athletics to postpone decision on possible expulsion.
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
Pompeo said that for 40 years, successive US administrations just looked the other way and allowed China to trample on America.
The rupee weakened to 62.58 against the US dollar in the early trade on Thursday.
Linking the expenditure on media watch with the failed terror case against Haneef that grabbed headlines, Metcalfe told the hearing, "I would note that there was quite a significant level of expenditure across the months of August, September, October and November. Haneef's case was considered by the minister in July and he remained a significant issue for a period thereafter."
The Bush administration had originally requested 300 million dollars in military aid to Islamabad, but lawmakers cut 50 million dollars until the time secretary of state Condoleezza Rice can certify that Pakistan is restoring democratic rights, including an independent judiciary.
The world's richest people have become poorer.
Indian businessmen and philanthropy have never walked hand in hand. But change is in the air...
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Forex dealers said sustained selling of the American currency by exporters and bullish local equity markets buoyed the rupee sentiment.
Black money can take the form of a high-end property in Southeast Asia, a cruise ship floating on the Mediterranean or blue-chip shares held via an offshore fund manager.
RBI might not cut rate on June 2 but will surely cut soon.
Pakistan may earn $365 million annually under an agreement with the United States, following the reopening of the North Atlantic Treaty Organisation's supply routes for American troops in Afghanistan.
Indo-Canadian senator and lawyer Mobina Jaffer is under pressure to resign following charges that she allegedly over-billed her client.
The United States House of Representatives has approved a billion dollar defence bill, which, among other things, freezes the $700 million in aid to Pakistan until the country offers greater assurances to Washington to contain the spread of Improvised Explosive Devices.
The Modi government caved in under American pressure without even token resistance. Two countries similarly placed as India with high dependence on Iranian oil -- China and Turkey -- have shown the grit to stand up to Washington, says Ambassador M K Bhadrakumar.
The large current account deficit and the growing vulnerability on the external front have largely contributed towards the secular decline and the current volatility of the rupee.
The State Bank of India on Thursday successfully raised $1.25 billion from an overseas dollar-denominated bond sale, making it the single largest issue from the domestic banking in recent years.
'Is this the only way for India to become a $5 trillion economy?' 'When you have unused foreign exchange here, why borrow more dollars?'
CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
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The depreciation of the rupee, it said, reflects the wider CAD as well as lower net capital inflows.
A blanket ban may be imposed soon on NRIs, PIOs and foreigners having children through surrogacy in India with the Union health ministry and the National Commission for Women proposing it as part of a new legislation.
A strong currency helps in fighting some of the import-led inflation.
In a departure from big gains in the past two years, investors saw around Rs 20 lakh crore of their wealth eroded as Indian equities tanked in 2011 because of inflation, high interest rates and the uncertain global growth environment accentuated by the euro zone debt crisis.
