Bop

The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year and $5.5 billion in the next, against a surplus of $47.5 billion last year.

Why investors shouldn't get carried away by the recent market recovery

A close watch is warranted on the foreign flows, both portfolio and capital account. In the first nine months of the calendar year 2022, RBI has drained over $100 billion from the forex reserves.

Rupee hits 80 mark versus dollar for first time as oil boils

At 9.10 am, rupee was trading at 80.01 a dollar, down 0.03% from its previous close. It opened at 79.99 and touched a fresh record low of 80.02.

India posts current account deficit of $9.6 billion in July-September 2021

The current account returns to deficit territory after being in surplus in April-June 2021.

Oct-Dec CAD drops to 1.3%, BoP surplus at $4.1bn

The BoP surplus in the October-December quarter stood at USD 4.1 billion against USD 13.2 billion year-on-year, according to RBI.

Oil Ministry reinstates Shashi Shankar as ONGC Director

The Ministry had on February 23 suspended Shankar following allegations of irregularities in a tender for buying 21 Blowout Preventers (BOP). However, a chargesheet against him could not be filed within the stipulated 90 days.

Current account deficit narrows to USD 8.2 bn in Q3

India‘s current account deficit (CAD) narrowed to USD 8.2 billion or 1.6 percent of GDP in Q3 of 2014-15 from USD 10.1 billion or 2 percent of GDP in Q2.

Rupee rise may not hit exports if global demand rises: Pros

With oil falling from USD 100 a barrel to USD 50 a barrel, Sajjid Chinoy, chief economist at JPMorgan India is expecting a current account surplus for the first time in eight years in the current January-March quarter.

Expect 20% upside in L&T over 12 months: Religare

Misal Singh says if the election results are perceived to be favourable, L&T could see earnings upgrade of 10-15 percent in 2016, which in turn implies that the stock should at least be up by about 20 percent from a one year perspective.

CAD improves, but rupee seen in 61-65/USD band: Analysts

The key to low CAD is a strong growth in exports, and while there has been improvement on this front of late, the health of the global economy will be key to sustaining it.

Can't turn blind eye to falling monthly exports: JP Morgan

Seasonally adjusted month-on-month (M-o-M) momentum of exports has slipped 8 percent and if this trend continues, it may not upset the applecart in terms of CAD, but it will hamper growth, say Sajjid Chinoy, Chief India Economist, JPMorgan.

Cautious on India's BoP, rupee: Tirthankar Patnaik

We remain cautious on India's BoP and the rupee, particularly after the RBI shut the dollar window for OMCs, says Tirthankar Patnaik, Religare.

June services exports at $12.35 bn; down 3.5% from May

India's services exports in June this year stood at USD 12.35 billion, down 3.5 per cent from the preceding month, Reserve Bank data showed today.

Mecklai graph of the day: The balancing act

RBI has been the centre of attention for its intervention and probable actions to curb ongoing depreciation in rupee. In a bid to do so, the foreign exchange reserves have dipped sharply by USD 2.82 billion to USD 287.85 billion due to a fall in currency assets for the week ended June 21, says Mecklai.

Rupee may plunge to 61.50/USD in three months: CS

The rupee, which has depreciated by nearly 10 per cent in the last few months, is likely to weaken further and may touch 61.50/USD in next three months and 62/USD in the next 12 months, Credit Suisse said.

Facts you need to know about RBI's current account data

India's current account deficit (CAD) moderated sharply to 3.6 percent of GDP in Q4 of 2012-13 from a historically high level of 6.7 percent in Q3 of 2012-13 as trade deficit narrowed.

6.5% current account deficit won't rattle street: StanChart

Samiran Chakrabarty of Standard Chartered Bank shared his reading and outlook on current account deficit number for Q3.

CAD will improve from Q4; oil & gas attractive: Kotak

At this point of time, oil and gas sector has gained from improved policy framework. Within IT, Prasad finds the valuations of TCS may not be good but that of Infosys and Wipro are not too bad.

Budget 2013 can't revive investment: Kotak Equities

Sanjeev Prasad, ED & Co Head, Kotak Institutional Equities told CNBC-TV18 that the steps in Budget were necessary, but not sufficient.

Foreign capital flows help to contain CAD: RBI

The overseas capital inflows are helping to contain the expanding current account deficit (CAD). India's CAD-GDP ratio reached a historical high at 5.4% on the back of decelerated growth in net export of services and higher outflows under primary income. The net inflows through FIIs are acting as detox agents for the CAD menace.

Risk of BoP stress remains high: Chetan Ahya

The risk of balance of payments (BoP) stress remains high, says Chetan Ahya, Morgan Stanley.

Rupee looks set for hard landing with target at 56-57:Moses

Rupee looks set for hard landing with target at 56-57, says Moses Harding, Head - ALCO and Economic & Market Research, IndusInd Bank.

2011-12 current account gap seen at 4% of GDP: Trade secy

India's current account deficit is expected to touch 4% of GDP in the 2011-12 fiscal year that ended in March, the worst in at least eight years because of a widening trade gap, Trade Secretary Rahul Khullar said on Thursday.

Fiscal Deficit: Economic prospects for FY13: CARE Ratings

CARE Ratings has come out with its report on economic prospects for FY12 and FY13. According to the rating agency, fiscal consolidation will restrict the ability of the government to spend in large manner as the focus shifts towards tightening. Therefore increase in growth by around 1% point appears to be farily optimistic.

Nirmal Bang says right time to go long on rupee at 51

Nirmal Bang has come out with its report on currency. According to the research firm the level of 51 is a good level to go long in USDINR pair for a target of 54.00-55.00 by the end of FY12.