'India's sizeable forex reserves should help stem a possible fall in our currency.'
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
'This government has not created any employment.' 'Forget employment, the government had not done anything in skill development.'
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
Group still far from coordinating monetary/forex policy
.JPG)
The partially convertible rupee closed at 66.24/25 per dollar after hitting a record low of 66.30, and down 2.9 per cent from its close of 64.30/31 on Monday.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
In the last financial year, GDP growth was 7.3 per cent.
But experts say downside limited, pockets of opportunities for investors
Higher growth, reform bets have boosted returns but leave limited room for error.
Anjuli Bhargava explains why so many young Indians are packing their bags to study abroad and the steps that need to be taken to stem this outflow.
Carlos Tevez is getting paid 615,000 a week at Shanghai Shenhua, making him the world's best-paid player. His salary is now more than Cristiano Ronaldo's and Lionel Messi's!
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
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