Buying gold on this day every year, is akin to a systematic investment plan in gold.
"What I have in mind (is that we) will eventually require a new international agreement along the lines of Bretton Woods, and some reinterpretation of the mandates of internationally influential central banks," he said in a commentary posted on the website of Project Syndicate
In a speech at the University of Maryland, Lagarde said that advanced economies should take steps to support growth through accommodative monetary policy and infrastructure spending
Talking to CNBC-TV18‘s Archana Shukla, TV Narendran, MD & CEO of Tata Steel says that he is positive on steel demand, but not on prices.
However, poverty continues to be a concern despite the strong rise in wealth. This is obvious from the fact that 95 percent of the adult population has wealth below USD 10,000, Credit Suisse says.
Hikma said it will pay about USD 1.18 billion in cash and issue 40 million new Hikma shares, or about 16.71 percent of its issued share capital, for Boehringer's Roxane Laboratories Inc and Boehringer Ingelheim Roxane Inc on closing of the deal.
The trade data, especially the export data, was not too strong and for the time being both Reserve Bank of India and Government of India are not worried by an appreciating rupee.
Buying gold is a ritual for many on the auspicious occasion of Akashay Tritiya. However buying it in the right form with right set of expectations can make it a good part of your portfolio.
Indian IT services firms like TCS, Infosys and HCL Technologies are already feeling the heat of cross-currency fluctuations.
Sanju Verma, CEO, Violet Arc Global believes no governor can tackle both inflation and exchange rate at the same time and Raghuram Rajan is trying to do just that. "If governor doesn‘t want the rupee to appreciate any further then he will have to allow inflation to rise or vice-versa."
Mobius, who oversees around USD 47.3 billion in countries from China to Argentina, said that, compared with developed economies, emerging markets still have higher economic growth, growing foreign reserves and lower total debt relative to gross domestic product.
The company lost around Rs 517 crore as forex, out of which Rs 194 crore is on the settle account and Rs 309 crore is outstanding payment that is if the exchange rate comes down
RBI delivered beyond expectations but markets in bearish mode on lack of optimism, says Moses Harding, IndusInd Bank.
The rupee is likely to trade at the 53 level to a dollar by March with a likelihood of the Reserve Bank buying dollar if rupee touches 52 level, a report of Bank of America Merrill Lynch said.
The government said there was cost overrun of Rs 52,150.68 crore in infrastructure projects at the end of March that were monitored by it.
Ashok Gautam of Axis Bank tells CNBC-TV18 that the rupee's move was triggered by rating action taken yesterday by Moody‘s.
As interest rate movement significantly influencs our savings, investments and loans, it is imperative to know what causes the fluctuation of the same. This article helps you understand the basics of interest rates and what factors in the economy can cause it to rise or fall.
The risk of balance of payments (BoP) stress remains high, says Chetan Ahya, Morgan Stanley.
Imran Zaheer Ahmad, FX Strategy & Research Head, RBS Global Banking & Markets expects the rupee to strengthen against the dollar to around 44 levels in the coming weeks. “I think there will be further gains in the INR in the weeks ahead, at least, until the next LTRO at the end of February,” he said.
Private sector lender, Axis Bank today said sales and usage volumes for its travel currency card used for international travel have crossed USD 2 billion.
A shift in focus from eurozone worries to a bettering US economy helped Wall Street end higher by 2%. Jobless claims in the US dropped to a three and a half year low last week that lent to the cheer.
Ajay Srivastava, chief executive officer of Dimensions Consulting says that the rupee falling over seven units in just about two months could have serious repercussions for the market and economy in general, going ahead.
The euro held above a two-month low versus the dollar on Tuesday but was seen vulnerable to further selling as the threat of euro zone sovereign downgrades hung over the currency and kept investors wary.
Swati Khandelwal Jain of CNBC-TV18 caught up with Mayank Pareekh, managing executive officer- marketing and sales, Maruti Suzuki to get his view on the way forward for the industry. He confirms that auto companies are looking to hike cost in January.
Soumyo Dutta, managing director and head-FXLM trading and risk treasury, Citibank spoke to CNBC-TV18 about his outlook of the bond market and the currency market.