abhishek goenka
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  • RBI may continue to step in from time to time to keep rupee volatility in check May 23, 2020 01:47 PM IST

    RBI may continue to step in from time to time to keep rupee volatility in check

    We may see the range shift higher from 75.20-75.90 to 75.90-76.90 in the medium-term. In the absence of a steep USD up move globally, the central bank may continue to step in from time to time to keep volatility in check.

  • Momentum may take Rupee towards Rs 76/$ levels: Abhishek Goenka Mar 21, 2020 10:18 AM IST

    Momentum may take Rupee towards Rs 76/$ levels: Abhishek Goenka

    Technical factors suggest the current bullish momentum to continue targeting 76 plus levels. Currency depreciation pressure and falling crude oil price should bode well for rate cuts

  • How coronavirus could impact Indian economy, financial markets Feb 24, 2020 11:33 AM IST

    How coronavirus could impact Indian economy, financial markets

    We expect the broad 70.70-72.50 range to hold. We expect the RBI to smoothen volatility intraday. A panic move is likely only on a break as well as a close above Rs 72.50 per USD.

  • Budget 2020: 'Overambitious estimates of disinvestment & GST collections will spook markets' Jan 28, 2020 11:39 AM IST

    Budget 2020: 'Overambitious estimates of disinvestment & GST collections will spook markets'

    Rolling out new schemes without laying down how these would be funded and without elaborating on how they would be executed will not go down well with markets.

  • Top 5 reasons why rupee hit a record low of 69.13/USD on Friday Jul 21, 2018 01:59 PM IST

    Top 5 reasons why rupee hit a record low of 69.13/USD on Friday

    The rupee touched a new all-time low of 69.13 against the dollar on Friday. The depreciation in the rupee has been on account of several factors.

  • Indo-Singapore DTAA amendment won't affect FPI inflows: PwC Dec 30, 2016 06:46 PM IST

    Indo-Singapore DTAA amendment won't affect FPI inflows: PwC

    "This is a positive move as it creates a level playing field among all jurisdictions and would help prevent arbitrage that was rampant in India," says Dinesh Kanabar, Chief Executive Officer of Dhruva Advisors.

  • Recent CBDT clarifications go against ease of doing biz: PwC Dec 27, 2016 09:09 AM IST

    Recent CBDT clarifications go against ease of doing biz: PwC

    Speaking to CNBC-TV18 Abhishek Goenka, Partner at PWC, said that long-term caital gains tax is a legitimate concern for FPIs.

  • Rupee falls by another 37 paise to 62.60/$ on weak stocks Sep 23, 2013 07:12 PM IST

    Rupee falls by another 37 paise to 62.60/$ on weak stocks

    The rupee opened at 62.55 a dollar from the previous close of 62.23 at the interbank foreign exchange market. It moved in a range of 62.34 and 62.73 before ending at 62.60, a fall of 37 paise or 0.59 per cent.

  • Outlook on rupee by Abhishek Goenka May 29, 2013 04:36 PM IST

    Outlook on rupee by Abhishek Goenka

    The Indian rupee has plunged by around 2 percent in just a week. Ironically during the same period the markets saw inflows of up to USD 2.4bn dollars. In the absence of any major news from the domestic markets, the international forces will likely drive the path of the rupee, says Abhishek Goenka, Founder & CEO of India Forex Advisors.

  • Re snaps 2-day losing string, up 6 paise against dollar Apr 05, 2013 06:53 PM IST

    Re snaps 2-day losing string, up 6 paise against dollar

    In a listless trade, the rupee today recovered by six paise to close at 54.81 against the USD on the Interbank Foreign Exchange (Forex) market following fresh dollar selling by exporters amid capital outflows.

  • RBI Credit Policy: Inflation, Current Account Deficit remains top priority Mar 19, 2013 01:50 PM IST

    RBI Credit Policy: Inflation, Current Account Deficit remains top priority

    The RBI has acted according to the expectation of the market. But still we saw Rupee and Sensex turning around on the back of hawkish comments made by the RBI.

  • Rupee ends stable at 54.48 in line with local stocks Dec 10, 2012 06:20 PM IST

    Rupee ends stable at 54.48 in line with local stocks

    The rupee closed marginally down at 54.48 against the US currency amid flat stock markets and recovery in dollar against major world currencies.

  • Re ends flats at 54.01, recoups early losses on $ inflows Sep 18, 2012 07:42 PM IST

    Re ends flats at 54.01, recoups early losses on $ inflows

    The rupee today recouped initial losses on fag-end dollar selling and nearly USD 190 million of capital inflows to close flat at 54.01 in choppy trade. At the Interbank Foreign Exchange (Forex) market, the rupee resumed lower at 54.18 a dollar from previous close of 54.01.

  • Petrol price hike fails to lift rupee; diesel eyed May 24, 2012 11:56 AM IST

    Petrol price hike fails to lift rupee; diesel eyed

    The rupee fell to a fresh record low on Thursday as a sharp increase in petrol prices failed to lift investor sentiment even as it fueled expectations New Delhi might soon take the more politically fraught step of raising diesel prices.

  • 'Royal'ty Win for Revenue! Oct 17, 2011 09:43 PM IST

    'Royal'ty Win for Revenue!

    It may be taxing times for some IT companies, after the Karnataka High Court gave Revenue an opportunity to recover major dues from IT companies, reports CNBC-TV18's Payaswini Upadhyay.

  • Re wipes out early gains, ends 5 paise down against dollar Jul 06, 2011 07:04 PM IST

    Re wipes out early gains, ends 5 paise down against dollar

    After hitting a two month high against the US currency in early trade, the rupee today ended at 44.48/49 down by five paise from its last close, following weakness in local equities amid a firm dollar overseas.

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