Even if the Fed trims rates this week, analysts say India’s widening trade deficit and weak foreign inflows may prevent any meaningful recovery in the rupee
Acharya’s comments come at a time when markets await clarity on whether new RBI Governor Sanjay Malhotra would continue with his predecessor’s approach of intervening firmly in the currency market.
The decision will move strengthen the rupee, as passive inflows are expected to be around $10-15 billion, independent market analyst Ambareesh Baliga has said
What India is currently facing is not the normal kind of inflation that comes and goes in response to transient supply and demand factors, but a more insidious kind injected by excessive populism unrelated to normal political spending alone.
Listing some of the external factors that have impacted rupee and Indian economy, Singh said US monetary stance and problems created by tensions in Syria and its "inevitable consequences on oil prices" have played their role.
Suresh Sadagopan of Ladder7 Financial Advisories elaborates six points on how one can go about in the current market scenario.
Rupee has fallen drastically over the last few months. What happens when rupee falls more and more? Rupee fall has caused rise in expenditure for some while it has created investment opportunity for others. Read this space to know what one should do and benefit from such grave situation.
The BK Birla-controlled Century Textiles said it expects a 10 percent rise in exports this fiscal, aided by the falling rupee.
The rupee is plumbing new depths and currently is the fourth-most depreciated currency in the world and the most depreciated in the Asian continent. A weaker rupee is a matter of concern for everyone. Read this space to know about the factors causing rupee to decline.
One can make the most of the depreciating rupee by investing in securities that invests in global market. Read this space to know various international investment options available in the market and what are the terms attached to it.
John Woods of Citi Private Bank told CNBC-TV18 that the market will continue to witness selling activity for a while but it will not be considerable. But the downside would be limited, he added.
SP Tulsian of sptulsian.com is positive on all sugar stocks, due to the removing all limits benefits from the government on exports and a falling rupee.
High inflation, falling rupee and a slowing industry is proving to be a triple whammy for the Indian economy. And under this three pronged attack, where does growth head? Archana Shukla gets you Indian Inc's rather grim verdict.
In an interview to CNBC-TV18, talking about the nose-dive in the Indian currency, experts Anant Narayan of Standard Chartered Bank and Sajjid Chinoy of JPMorgan suggest that despite the volatility being global, in the short term, it is only the central bank that can intervene and arrest the free fall.