Finance Minister Arun Jaitley counter Rahul Gandhi's attack over issues related to the JNU, intolerance, inflation and foreign policy.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
The fall in reserves was due to a sharp fall in foreign currency assets.
Finance Minister must be hoping that Indians get over gold-addiction.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
The Sensex had bounced back with gains of 94 points or 0.3%
After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
The Reserve Bank of India on Monday moved on Monday to tighten gold imports again in an attempt to rein-in a record high current account deficit by taming demand for the yellow metal.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
'I am hoping that now with the strategic status of our relationship, the Indian voice will get heard in Saudi Arabia,' says Ambassador B S Prakash.
Increased demand from oil importers for the American currency and a weak opening in the domestic stock market also put pressure on the rupee.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
Possible slowdown of FII money into debt and equity markets could add pressure on currency.
The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Be it roads, railways, ports, civil aviation, energy or electricity, the Narendra Modi govt has invigorated all these sectors since it took over, says Arvind Panagariya.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Many things are going unnoticed by India watchers.
The kidnapping of 40 Indian workers from Mosul town of strife-torn Iraq should be a lesson to those who rely on fraudulent agents to find them jobs in the Gulf countries, says Vicky Nanjappa
A government that confuses PowerPoints for policy is delaying structural change too much.
The People's Bank of China cut its daily reference rate for the currency by a record 1.9 per cent, the biggest loss since January 1994.
It is time to take a few macroeconomic risks to kick start the growth.
This was the near-unanimous replies of 10 market participants.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
The index had risen over 585 points in the previous three sessions.
Getting the balance between fiscal restraint and growth-contracting policy remains a problem.
It is useful to note that Indian markets have not gone into a tailspin as the Greece crisis has developed, says Devangshu Datta.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
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