S Naganath of DSP Black Rock Investment Managers expects the Reserve Bank of India (RBI) to cut rates in its January policy and not before that.
Japan's Nikkei fell a four-week closing low on Friday, led by exporter shares, as a looming U.S. fiscal crisis threatened to tip the world's largest economy into recession and as uncertainty over a Greek bailout rekindled worries about the euro zone.
Euro zone finance ministers will hold a conference call on Wednesday to discuss progress in negotiations of the revised Greek bailout but are not expected to make any decisions yet, two euro zone officials said on Tuesday.
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk."
The rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery.
Bankers are bracing for a second round of losses on Greek debt if an earlier promise to write off 37 billion euros (USD 50 billion) is insufficient to help the struggling country stave off default.
Bruno Verstrate, chief executive officer of Nautilus Invest, in an interview to CNBC-TV18, said that the markets were up yesterday on the news that was based on false rumors.
In an interview on CNBC-TV18, John Woods, managing director & Chief Investment Strategist at Citi Private Bank expresses concern about the near-term direction of the monetary policy in India.
On Friday, the session ended on a very positive note with the Nifty at 5,633, up 92 points, while the Sensex closed shop at 18,722, lower by about 286 points. CNBC-TV18's managing editor Udayan Mukherjee said that the Nifty seems to be negotiating those resistances of 5,630-5,650 levels.
The International Monetary Fund and its European partners are not yet ready to discuss conditions or terms of a second Greek bailout, IMF Managing Director Christine Lagarde said on Monday.
Europe's debt crisis threatened to spill over to Italy, Spain and beyond, challenging eurozone finance ministers to overcome sharpening divisions over options for indebted Greece.
Politicians and bankers are confident a French proposal for a Greek bailout can be adopted without triggering a default or a payout in credit insurance, lifting a key hurdle to a rollover of Greek debt, sources told Reuters.
Politicians and bankers are confident that a French proposal for a Greek bailout can be adopted without triggering a pay-out in credit insurance, lifting a key hurdle to a rollover of Greek debt, sources told Reuters.
Greek ministers and policy makers urged parliament on Saturday to do its duty next week and pass a deeply unpopular set of austerity measures international lenders have demanded as the price for staving off bankruptcy.
World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.
Weakness in global equities along with uncertainty over Greece's debt restructuring saw investors seeking safety in quality European bonds, says Robert Parker, Vice Chairman, Credit Suisse Asset Management.
A German paper said euro zone nations were mulling a plan to enable Greece and Ireland to write off some of their debt burden using the European Financial Stability Facility, set up after the Greek bailout as a safety net for others who hit trouble.