The Reserve Bank of India will be sensitive to dollar-rupee movement and correction on account of November 8 US presidential elections, Ananth Narayan, Head-Financial Markets, Standard Chartered Bank, told CNBC-TV18. There is a lot of reason to be cautious on the rupee, he added.
Motherson Sumi's Chairman Vivek Chaand Sehgal says the company both buys raw materials and sells the finished goods in euro and may not be affected by a weaker euro. He adds that Motherson Sumi may instead benefit when cars are exported out of Europe.
Italian Prime Minister Matteo Renzi resigned after suffering a heavy defeat in a referendum over his plan to reform the constitution. The defeat has raised questions about market stability, but analysts at UBS and JP Morgan feel that the markets will take the jitters in their stride.
Italian Referendum on the upcoming weekend would not have an impact on global markets as Brexit or US elections had is the word coming in from Ian Hui, Global Market Strategist, JP Morgan Asset Management.