Have global investors been missing the emerging market right next door?
Federal Open Market Committee (FOMC) meet is to be held later on Tuesday. Lakshmikant Reddy, ICICI Prudential believes that whatever the Federal Open Market Committee (FOMC) will do, that would not change his long-term fundamental opinion on the Indian equities.
Fuelled by strong growth prospects and easy liquidity conditions, private sector investors are expected to pump in a whopping USD 1.11 trillion into emerging markets including India in 2013, says a report.
The government needs to raise petrol prices urgently to address the twin problems of fiscal deficit and current account deficit, C Rangarajan, Chairman of Prime Minister‘s Economic Advisory Council told CNBC-TV18 in an exclusive interview today.
Asserting that he has no worries as of now on capital flows, Finance Minister Pranab Mukherjee has said the Government would have to take steps if they go beyond a point.
Speaking to CNBC-TV18, Vibhav Kapoor of IL&FS says that the market is currently pricing in many negatives, and therefore, the downside is limited. He expects the Nifty to find support at 4700-4800 levels.
Reserve Bank of India (RBI) Governor D. Subbarao said on Friday it was important to bring down inflation to sustain growth and that it was too early to signal a change in monetary stance, suggesting the central bank may not be done with monetary tightening.
India and the US today agreed to enhance cooperation to deal with global challenges like high commodity prices and volatility in capital flows, besides strengthening bilateral trade and investment.
India and the US will discuss issues like capital flows to developing nations, and financial sector reforms at the three-day meeting in Washington beginning Monday.
Jeremy Lawson, Deputy Director-Macro Analysis at IIF talks to CNBC-TV18's Menaka Doshi about the flows to the emerging markets and how he sees it panning out in the coming months.