Abhishek Goenka

Rupee likely to depreciate towards 76.50 against the dollar in FY22: IFA Global

We see a limited downside in US real rates from current levels and therefore we see limited room for USD weakness overall. We expect the dollar to strengthen gradually, said Abhishek Goenka of IFA Global.

Why is the RBI buying dollars aggressively?

Foreign exchange reserves have risen by $50 billion since the beginning of the year, despite a net ~ $14 billion outflow from domestic equity and debt markets in the same period.

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

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

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'

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

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

"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

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

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

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

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

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

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

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.