Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
'Today, there is no easy money to be made after the run-up in equities.'
The move came as the country badly needs capital inflows as the rupee comes under pressure
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
The dollar was firm against some global currencies which also weighed on the rupee.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
India is emerging Asia's canary in the 'hot money' mine.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
'India's sizeable foreign exchange reserves should serve as a buffer.'
India's sad export figure put pressure on the rupee
The rupee resumed lower at 54.37 per dollar as against the last closing level of 54.07 at the Interbank Foreign Exchange Market.
India is likely to attract increasing notice from global investors.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
A rising rupee is a tailwind for dollar investors.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
Forex dealers said besides the dollar's gains against the euro overseas, increased demand from importers for the US currency and a lower opening in the domestic equity market also put pressure on the rupee.
China's GDP jumped a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when Covid-19 stalled the world's second-largest economy, according to statistics released on Friday.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Banks cannot shirk their responsibility in cases of frauds.
India's officialdom must turn to the diaspora to fund the economy's addiction to foreign money.
One reason Japan is betting highly on Indian pharma is that these companies have strong cash flows, low leverage and high debt capacity for medium to large sized acquisitions.
Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
India imported 967 tonnes of gold in 2014-15.
China is also the largest owner of the US Treasury securities.
From March 3, investors in India will be able to trade in select US stocks through the NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange (NSE). Investors can invest in NSE IFSC receipts on US stocks, which will be in the form of unsponsored depository receipts (DRs). For a start, this will include DRs of 50 US stocks such as Apple, Alphabet, Amazon, Tesla, Microsoft, Morgan Stanley, Nike, P&G, Coca-Cola, and Exxon Mobil. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalised Remittance Scheme (LRS) limits prescribed by the Reserve Bank of India (RBI), which currently stand at $250,000 per year.
We are entering a period of turbulence, but you can profit off that volatility.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
A global association for regulated funds that is leading efforts to shorten the settlement cycle for US equities has reached out to the Securities and Exchange Board of India (Sebi) with a plea to extend the T+1 implementation timeline by 18 months. The short transition period of four months does not provide foreign portfolio investors (FPIs), their services providers, and broker dealers sufficient time to make the necessary operational and compliance changes to accommodate a shorter settlement cycle, ICI Global said in its letter addressed to Sebi chairman Ajay Tyagi written a few days back. ICI Global carries out the international work of the Investment Company Institute (ICI), a global association for regulated funds, whose members manage assets of more than $42 trillion.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
The rupee had gained 24 paise to close at nearly one-week high of 60.95 against the dollar yesterday following selling of the US currency by exporters and some banks, amid sustained heavy capital inflows.
Put plans on hold after HK caps expansion, Singapore orders stricter asset norms.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
The nearly one trillion dollar EU-IMF package to bail-out Greece from its sovereign debt crisis may impact China, as it would limit options for Beijing to diversify its overseas financial portfolio and may even affect its exports.
