Jamal Mecklai

Currency Expert Jamal Mecklai of Mecklai Financials expects Indian rupee to see some relief rally from people unwinding nervous positions. But the uncertainty could push Gold beyond USD 1,300 per ounce, he says.

RBI preventing rupee from strengthening: Jamal Mecklai

The rupee hit a multi-month low today, sliding to 62.25 against the dollar as Asian currencies tumble across the board on a region-wide fall in stock markets.

Time to buy dollar; see rupee weak, sub 60/$: Mecklai

Jamal Mecklai warned that since FIIs are pumping money into short-term debt, so in the span of another three months chances are that these funds may flow out.

Only prayers can help the rupee recover: Jamal Mecklai

In an interview to CNBC-TV18 Jamal Mecklai, CEO, Mecklai Financial Services said that this is not the right value for the rupee. He believes that it has gone this way because the sentiments have been negative.

Gold bears, watch out; there may be life in the metal yet

The continuing crash in gold prices has brought out the bears in full force. Prices are ruling around USD 1,200 per ounce, and in the domestic markets, Friday saw the metal lose Rs 1,150 per 10 gm in Delhi – hitting a 23-month low of Rs 25,650.

Global factors will continue to impact rupee: Jamal Mecklai

Jamal Mecklai, CEO, Mecklai Financial Services says that the government and Reserve Bank of India (RBI) should have come out with a slew of measures to curtail the fall in the rupee.

Dollar to strengthen; rupee may struggle to hit 53: Mecklai

The dollar will see further appreciation in the subsequent months and the volatility seen in the rupee is here to stay, warns Jamal Mecklai.

Measures to be more significant for better impact: Experts

Siddhartha Sanyal, chief India economist, Barclays and Jamal Mecklai CEO, Mecklai Financial Services discuss on CNBC-TV18 that for better impact, measures by the government and the RBI had to be significant and considerable.

RBI must give 'I understand' signal to market: Mecklai

The slipping rupee has slightly gained strength and experts believe that it is a welcome move to see the rupee reacting.

53-55 unsustainable level for Re: Mecklai Financial

Jamal Mecklai, CEO, Mecklai Financial Services, says that the rupee is heading downward and the rupee cannot sustain. Jamal says, 53-54-55 is not sustainable level for the rupee. He further says that forward premiums are not rising; on the other hand they are coming down.

Rupee at 3-month high: Jamal Mecklai says next stop, 47/$

Surprised by rupee's appreciation Mecklai told CNBC-TV18, "At the start of the year, FIIs need to position themselves, so they have brought money in, but now we are into February and money is still coming in. So, in terms of forecasting it is going clearly in one direction."

See continued volatility in rupee: Mecklai Fin Services

The rupee has witnessed rapid rise in 2012. Jamal Mecklai, chief executive officer of Mecklai Financial Services sees continued volatility in the Indian currency. “I think 2012 is going to be a pretty good year. That doesn’t necessarily mean that rupee is going to strengthen,” he adds.

Market should make it easy for cos to hedge risk: Mecklai

According to Jamal Mecklai, CEO of Mecklai Financial Services, the purpose of the market should be to make it easy for companies to hedge their risk.

Outlook for rupee is bleak: Mecklai Financial Services

The rupee fell to a record low on Tuesday. Jamal Mecklai of Mecklai Financial Services says, the outlook for the rupee is bleak.

RBI should intervene to boost rupee: Mecklai Fin Services

The rupee fell past 51 per dollar on Friday for the first time in nearly 32 months. Jamal Mecklai, chief executive officer of Mecklai Financial Services says, the rupee has fallen far more than the euro over the last month to month-and-a-half. According to him, RBI should intervene to boost rupee.

Rupee may see 50, if dollar remains strong: Mecklai

According to Jamal Mecklai, CEO, Mecklai Financial Services, it is difficult to predict to short-term movement of rupee given the volatility in global equity markets and macroeconomic conditions in the Eurozone.

Why does Jamal Mecklai see Re north of 45 by May 2011?

Jamal Mecklai, CEO, Mecklai Financial Services, in an interview on CNBC-TV18 says that interest rates are not the only key factor for the currency to move. "Currency, however, could weaken in the medium-term," he adds. He also spoke about how he expects the rupee to perform going forward.

Columns by Jamal Mecklai

Column by Jamal Mecklai - Back in the heydays of 2005-2008, investment advisers everywhere were pushing alternate asset classes, including real estate, private equity, hedge funds, and, fashionably, modern and contemporary art.

Expect rupee to touch 46/$ soon: Jamal Mecklai

In an interview with CNBC-TV18's Latha Venkatesh, Jamal Mecklai, CEO of Mecklai Financial Services, spoke about his reading of the currency market and his outlook.