Inflation is expected to remain low in the near term, in part because of the further declines in energy prices.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Experts said within a month, the currency wouldn't strengthen from current levels.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
The US Federal Reserve's decision to continue bond-buying has lifted investor sentiment for gold and silver.
Across most of the developing world, outflows have gathered pace.
Rupee's misunderstood fall is far from over despite some near-term respite.
Federal Reserve's move has thrown financial markets into a spin.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Current account deficit could ease to around 3 per cent in the current fiscal year from prior estimates of about 4 per cent due to sharp drop in global commodity prices.
It's likely that prices may have much further to fall as investors rush to liquidate.
Most Asian currencies are on a slide on worries about the withdrawal of US stimulus.
India's current account deficit narrowed sharply to just $300 million
Jindal Steel top loser among the Sensex stocks, slips 10% in the intra-day deals.
There is a general meeting of minds among observers on the difficulty of positive factors breaking through.
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
India's economy is forecast to grow at 4.8 per cent in 2013, down 1.3 per cent from its earlier projection, the UN's World Economic Situation and Prospects 2014 report said.
Markets will watch the policy meeting on June 18 and 19 for clues to a rollback of stimulus measures. Fed officials are divided over their ultra-easy monetary policy and some warn it could stoke future inflation and financial instability.
He also feels that the govt should hike diesel and petrol rates.
One culprit behind the poor recent performance of emerging markets is growing bond market volatility and the knock-on effect that that may be having on so-called carry trades, under which investors borrow money cheaply in one currency and then invest it for what they hope will be higher returns elsewhere.
Asian stock, bond and currency markets took another big hit after a fresh spike in US interest rates re-ignited concerns about capital flows from the region and forced investors to pare back their Asian portfolios.
The 30-share Sensex ended down 340 points at 17,906 after hitting an intra-day low of 17,807 and the 50-share Nifty ended down 99 points at 5,303 after touching an intra-day low of 5,268. Nifty touched the lowest level since September 11, 2012.
Metal shares like Sterlite Inds, Hindalco and Tata Steel dropped between 3-5%.
With rupee plunging to life-time low of 57.54 verus dollar, the Finance Ministry on Monday said there is an unwarranted panic in the market and hoped it will settle down in a some time.
The broader markets ended higher with mid-caps and small-caps gaining nearly 0.1% on the BSE.
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
The broader markets ended firm with mid-caps and small-caps gaining over 1 per cent on the BSE.
Global equity and bond markets, especially in Japan, were spooked on Thursday post the US Federal Reserve's comments on the third round of bond buying programme, commonly known as quantitative easing (QE3).
The Bombay Stock Exchange benchmark Sensex has lost 478.60 points, or -2.80 per cent, to slip to 16,586.55 in afternoon trade on Thursday amid panic selling in markets worldwide following the US Federal Reserve's warning that the outlook for the world's largest economy is grim.
'India is possibly the most fiscally constrained market in the region.'
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
Govt sees little Fed hike impact on 'fortressed' Indian markets.
The broader markets traded higher with mid-caps and small-caps gaining 0.2-0.3 per cent on the BSE.
Markets slipped into negative terrain in late noon deals weighed down by profit taking in bank shares.
Spot gold rose $8.32 an ounce to $1,474.56 by 0624 GMT, well below a lifetime high around $1,920 an ounce hit in September 2011.
Finance plays a key role in bringing the ambitious growth plans of dynamic businesses to life.
The broader markets traded lower with mid-caps and small-caps shedding 0.3-0.5 per cent on the BSE.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Silver also dropped by Rs 800 to Rs 40,600 per kg on reduced offtake by industrial units and coin makers.
Gold in Singapore, which normally sets the price trend on the domestic front, fell by 1.4 per cent to $1,278.94 an ounce and silver by 2.8 per cent to $19.55 an ounce.
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