Ajay Marwaha

See yields above 9% if fisc deficit not contained: Experts

Finance Minister P Chidambaram will be walking a tightrope when he presents an interim budget for the coming fiscal year, doling out more funds to woo voters and tax cuts to support industry while projecting a lower fiscal deficit before elections.

Strain on rupee to continue; see support at 63.5/$: HDFC Bk

Speaking to CNBC-TV18‘s Sonia Shenoy and Latha Venkatesh, Ajay Marwaha, head trading treasury, HDFC Bank, says the reason for the pressure on emerging market currencies, including the rupee, is the rate hikes seen in Turkey and South Africa.

Q1 CAD better-than-expected; see more Q2 trouble: Experts

CAD stood at USD 21.8 billion in Q1 against the projected USD 22 billion. Going forward, this number is expected to significantly decrease in the second quarter.

See 10-year yields hovering around 8.60-8.90%: HDFC Bank

At the current level of 8.85 percent, massive amount of negativity has already been factored into bond yields, says Ajay Marwaha, head trading treasury at HDFC Bank.

Rupee calm on RBI move, Fed talks key to stability: HDFC Bk

Ajay Marwaha expects the US non-farm payroll data to be strong. According to him, whatever evidences the market has seen so far out of the US data, they will have some impact across all emerging markets including the rupee.

Rupee, EM monies united in fall; see more damage: HDFC Bank

According to Ajay Marwaha, the rapid fall in the rupee today is due to the problems in emerging markets. Most of the EM currencies particularly the real and the lira, both are suffering and the rupee has been doing likewise.