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INR is again on bullish path.......
with the rein of recesiion since 2007, from US to europe to Asian markets,all showe declining trend lines,bt markets with graet bases made upto regain their old positions,US still striving hard,Indian market is took a good pick up nd others asian markets too in the same race
then whose developed today retrenchments, cost cuttings, bankruptcy,shutters down etc etc all each nation entangled in circles then where is standing economy and markets...
It is of 17th Oct and not of 27 th as stated earier,Pl forgive for wrong typing
with regards
rvk41...
It is of 17th Oct and not of 27 th as stated earier,Pl forgive for wrong typing
with regards
rvk41...
Inflation 1.51 vs 1.21
With regards
rvk41...
Global consumer confidence is rebounding , and has risen for the first time in the US since 2007, amid signs the world economy is
picking up although spending is still restrained, a survey showed on Wednesday.
Confidence is the highest in India, followed by Indonesia and Norway, and was weakest in Japan, Latvia, Portugal and South Korea, although in Korea it has improved markedly, according to a quarterly survey by The Nielsen Company, conducted between September 28 and October 16.
“Consumer confidence is rising faster in the BRIC countries than other markets, driven by increasing job prospects,” Oliver Rust, MD of Nielsen Hong Kong, said.
In the US and Europe, high unemployment continued to discourage spending on big-ticket items although confidence had improved as the worst appeared to be over for those economies, New York-based Nielsen said.
For information,with regards
rvk41...
Reserve Bank of India (RBI) today said that global economy has started showing tentative signs of recovery, signaling the winding down of global recession.
Global recovery is, however, widely perceived to remain slow and gradual, with receding but significant downside risks, it added.
Economic outlook is, therefore, a mixture of upside prospects of recovery and downside risks. Managing the trade-off between supporting growth and reining in inflation expectations poses a complex policy challenge``, apex bank said.
It further added that from the stand point of monetary policy, anchoring inflation expectations in the face of sustained high inflation in essential commodities will be a key challenge.
Deficient monsoon and the associated drought like conditions in several parts of the country, and the more recent floods in some other parts, could also dampen rural demand, it said.
Let us hope the Mkt maintains the Upswing, with regards
rvk41...
Reserve Bank of India (RBI) today said that global economy has started showing tentative signs of recovery, signaling the winding down of global recession.
Global recovery is, however, widely perceived to remain slow and gradual, with receding but significant downside risks, it added.
Economic outlook is, therefore, a mixture of upside prospects of recovery and downside risks. Managing the trade-off between supporting growth and reining in inflation expectations poses a complex policy challenge``, apex bank said.
It further added that from the stand point of monetary policy, anchoring inflation expectations in the face of sustained high inflation in essential commodities will be a key challenge.
Deficient monsoon and the associated drought like conditions in several parts of the country, and the more recent floods in some other parts, could also dampen rural demand, it said.
Let us hope the Mkt maintains the Upswing, with regards
rvk41...
My monthly pension in dollars are unhedged and any wild swing in conversion to rupees does make a heck of a difference. There is no simple hedging method for small fries like us and so we are really at the mercy of the market.
Besides the conversion, my local Bank takes a cut in the spread it defines for itself and it is always in its favor for all monthly remittance transactions typically advertised as free for me. They make the money on the spread.
I think I am going to quit monthly remittance and instead do it once a year or whenever the rates are more favorable to me. Somethig is not right in the current remittance method of pensions to India through Indian Banks. THey are looting....
The Government on September 8, 2009, approved nine FDI proposals amounting to about US$ 15.39 million, including High Mark Credit Information Services, whose FDI proposal is worth US$ 4.74 million.
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OMG, 9 different FDI totalling 15 million dollars. The GOI is wastig time/efforts on peanuts like this.
but why? why? why? why?
Nothing else to do?...
Racing towards 45 sooner than nticipated.......
Dear netdo,lot of matter if rupee strenghtens to 40 for many of our corporates.... more than 50% of our export oriented companies could be under serious financial troubles.... so,if INR strenghtens to 35,many companies may have to close their operations.... thank you for sharing valuable views on mmb.......
A large number of Indian companies have been reaching out for overseas destinations, either through mergers and acquisitions or direct investments in order to access high-growth markets, technology and knowledge, attain economies of size and scale of operations, to tap global natural resource banks and leverage international brand names for their own brand building.
Among the notable acquisitions are:
• Suzlon Energy Ltd has completed the acquisition of Portugal-based Martifer Group`s stake in its German subsidiary, REpower Systems
• Britannia Industries Ltd has signed an agreement with Fonterra Brands (Mauritius Holding)
• S. Kumars Nationwide, along with its operating partner Emerisque, UK, has acquired Chicago-headquartered Hartmarx Corporation for US$ 119 million.
• GMR International, a wholly-owned subsidiary of Bangalore-based GMR Infrastructure, signed an agreement with the Netherlands-based power producer InterGen NV
• Apollo Tyres has acquired Dutch tyre maker, Vredestein Banden, gaining a foothold in the lucrative European tyre market and raising its annual turnover by a quarter.
• IT solutions provider, Softpro Systems, has acquired 100 per cent equity stake in South Africa-based Cura Risk Management software.
• Eveready Industries India is buying out France`s rechargeable battery maker Uniross from CG Holding .
...
Improving global sentiment and a growing conducive environment in India are increasingly facilitating foreign investors’ role in the country currently. Several other factors being attributed to the revival in foreign direct investments (FDI) in the country include liberal investment policies and reforms, innovative and technologically advanced products being manufactured in India and low cost and effective solutions.
India has been ranked at the third place in global foreign direct investments this year, following the economic meltdown, and will continue to remain among the top five attractive destinations for international investors during the next two years, according to United Nations Conference on Trade and Development (UNCTAD) in a new report on world investment prospects titled, ‘World Investment Prospects Survey 2009-2011’.
Foreign direct investment (FDI) inflow to India was US$ 3.5 billion in July, 56 per cent higher than US$ 2.25 billion in the same month a year ago.
The Government on September 8, 2009, approved nine FDI proposals amounting to about US$ 15.39 million, including High Mark Credit Information Services, whose FDI proposal is worth US$ 4.74 million.
The Indian retail market, which is the fifth largest retail destination globally, has been ranked the most attractive emerging market for investment in the retail sector by A T Kearney`s annual Global Retail Development Index (GRDI), in 2009. A recent Ernst & Young study predicts Mumbai and Bangalore to be the next global centres of investment along with Shanghai.
The Prime Minister, Dr Manmohan Singh, while inaugurating the crude flow from the Rajasthan oil fields of Cairn India-ONGC in Barmer, said, "Cairn`s efforts show that there is a good climate for bringing foreign investment into India and I invite entrepreneurs to invest in India."
• The Cairn-ONGC consortium
• German luxury car manufacturer, Audi, is eyeing higher sales this year than its earlier target
• Italian carmaker, Fiat, will source more than US$ 1 billion worth components for its global businesses in 2010 from India.
• Accor Hospitality has said it will invest US$ 130 million to come up with 50 hotels in India by 2012.
• HealthHiway, an initiative by the Apollo Hospitals Group providing software solutions for the healthcare sector
• The German carmaker, Volkswagen, has decided to invest US$ 453.66 million more towards expansion at its Chakan plant.
• South Korean steel giant, Posco, plans to set up a galvanising plant at an investment of US$ 907.32 million in Raigad district of Maharashtra.
• PepsiCo is doubling its investment in its Indian beverage business for calendar 2009 to over US$ 220 million to increase the capacity of the business.
• Mexican cinema chain, Cinépolis, will invest around US$ 163.1 million in south India for setting up multiplexes across the four states. The company has lined up US$ 346.57 million for its proposed expansion plan in the country.
The Road Ahead
With the government planning more liberalisation measures across a broad range of sectors and continued investor interest, the inflow of FDI into India is likely to further accelerate.
...
Marketman,
I would love to see you expand your periodic statement on the currency of the Word`s 2nd fastet growing economy.
Merlely coming out every 2-3 weeks to say dollar is going down against the rupee is hardly useful to any one. Are you aware of something special about Indian rupee to make it more valuable in days ahead?
Less chest thumping and more hard facts will help so much. You never explained why it went from 39 to 53 in the 1st place. Why would it matter if it comes down to 45? Thanks....
