Worried that the Egypt crisis may further push up crude oil prices, the Reserve Bank indicated sticking to its "anti-inflationary" efforts through tight monetary policy.
AV Rajwade, Forex & Treasury Management Consultant, in an interview with CNBC-TV18’s Latha Venkatesh spoke about the current currency scenario between the dollar-rupee.
CNBC's Rebecca Meehan caught up with Jim O'Neill of Goldman Sachs Asset Management on got his outlook for emerging markets going ahead and how the Egypt crisis has left a huge dent in investor sentiment.
Violent clashes broke out in Cairo’s Tahrir Square between anti regime protesters and supporters of Mubarak, despite the army's call for protesters to return home. CNBC's Yousef Gamal El-Din told CNBC-TV18 that if the situation continues to get out of hand, Egypt's tourism which adds 11% to the GDP would nosedive, hurting the economy.
Crude is on the boil. Brent crude oil price crossed the USD 100 per barrel mark, amid the market struggling to deal with rising inflation. Egypt’s escalating political turmoil is the main cause of concern at the moment, says Jason Feer of Argus Media, in an interview on CNBC-TV18.
Talking about the impact of the brewing crisis on Indian markets, Shane Oliver head investment strategy and chief economist at AMP Capital Investors said it could have a large impact on all emerging markets.
