The general perception amongst experts is that until the global macro-economic environment stabilises, the rupee will continue to be under pressure.
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
India builds up record FX after Fed hints rate hike in future.
Gadkari, who handles key infrastructure-related portfolios, said there is no problem with the road sector at present and money is not an issue anymore.
At present, Indian indices are under-performing as compared to others and a package from the government can help cover the ground.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
The economic survey for 2020-21 has suggested revision in the weightage of food items to gauge the true picture of inflation in the country, and said new sources of price data also need to be incorporated in the wake of increasing retail e-commerce transactions. As per the survey, the current spike in consumer price-based retail inflation of food prices is mainly a supply-side phenomenon. The survey noted that the weights of all items in retail inflation are based on the NSO household consumption expenditure survey of 2011-12, adding the weight of food items in the index might have significantly decreased over the decade since then.
The central bank has been intervening in the foreign exchange market by buying dollars, and this is capping the rupee's gains.
For the financial sector to serve the real sector, yesterday's beliefs offer no road map for tomorrow's policy options, says Yaga Venugopal Reddy.
Going by the real effective exchange rate, the rupee is overvalued
India's foreign exchange reserves declined by $685.1 million to $274.81 billion in the week ended August 30 due to a dip in the foreign currency assets, the Reserve Bank said.
The rupee's strength against its competitor could come to haunt exporters.
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Real GDP grew by a respectable 7.8 per cent in the first half of FY'09, which was lower than its expectations but, it was nevertheless in line with its view that the economy was growing at a healthy pace and that fears of a slowdown were misplaced, CMIE said. The agricultural sector grew by 2.7 per cent during the quarter ended September 2008, lower than CMIE's expectations.
India's foreign exchange reserves are at an all-time high.
The rupee appreciated by 0.27 per cent in June against the dollar.
Friday's US data showed addition of 173,000 jobs in August.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
DFS writes to departments that haven't responded to RBI's request for information.
According to dealers, the spot rupee would have reached higher but for the continuous Reserve Bank of India intervention in the foreign exchange market.
'If one believes that the Indian stock market will go up 70 per cent every year for the next 10 years, I wish you good luck!'
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
RBI is expected to cut policy rates by 50 basis points by 2016.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
Market dealers, however, maintained that it was not a unidirectional rally since a demand for dollars emanated from oil companies that are buying at every low.
The fall comes a day after it hit its highest gain in eight years.
India's foreign exchange reserves rose by $2.03 billion at $142.6 4 billion, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The local currency recovered some ground after the Reserve Bank of India (RBI) was said to have stepped in through state-run banks, helping the rupee to end at 64.30, a fall of 110 paise or 1.74 per cent.
The currency fell 3.4 per cent this week, and is below the levels at which it was trading on July 15 when the Reserve Bank of India unveiled its cash tightening steps to defend the currency.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
The rupee is being driven into a vicious circle.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
A rapid fall in crude oil prices has meant the RBI is a year ahead of its inflation-targeting schedule
The rupee gained 28 paise on Thursday to close at 62.50.
He added that the risks can increase if the Chinese slowdown gathers more speed.
The promoters, instead, raised it to 63.15 per cent, while reporting they'd brought it down to 28.6 per cent.
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.
RBI's timely dollar-selling intervention helped the rupee rally smartly against the US currency on Monday after it met with severe early pressure and touched the 46-dollar levels.
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