'It could tempt investors to pick stocks that are not fundamentally sound.'
RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.
Currently, non-residents visiting India are not allowed to take out any Indian currency while leaving the country.
India's foreign exchange reserves are at an all-time high.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said.
The US, in coordination with allies and partners, continued to forcefully respond to Russia's "unjustified, unprovoked and premeditated" invasion of Ukraine by imposing sanctions on Putin and Lavrov.
If there is a morality tale here, it is that debt and death spare no king.
Weakness of dollar in the global markets and foreign capital outflows also affected the rupee sentiment.
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.
With inflation remaining at elevated levels, central banks around the world, including the Reserve Bank of India (RBI), will kill excess demand in economy over the next six to eight months, sources in the know said. They also indicated that there could be a rate hike in June, when the inflation forecast for the current financial year would be raised. The RBI, the sources said, might announce more steps such as raising the limit on held-to-maturity (HTM) bonds to support government borrowings but might not come out with any further quantitative easing GSAP (Government Securities Acquisition Programme) measures.
'Today, there is no easy money to be made after the run-up in equities.'
The dollar was firm against some global currencies which also weighed on the rupee.
India is emerging Asia's canary in the 'hot money' mine.
'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.
India's sad export figure put pressure 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's sizeable foreign exchange reserves should serve as a buffer.'
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.
A rising rupee is a tailwind for dollar investors.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
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.
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.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
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.
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.
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.
India imported 967 tonnes of gold in 2014-15.
China is also the largest owner of the US Treasury securities.
We are entering a period of turbulence, but you can profit off that volatility.
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.
