In an interview to CNBC-TV18, Gheit says crude oil prices cannot be trading much above their replacement cost. They have been inflated for quite some time, because the risk premium due to fear of potential supply disruption has increased.
Even though equities are a long-duration asset, households in India tend to evaluate them on one-year performance, says a Morgan Stanley report, based on the findings of a survey.
The Reserve Bank on Wednesday asked banks to put in place a mechanism to rigorously evaluate the risks arising out of unhedged foreign currency exposure of corporates and price them in the credit risk premium. It also advised banks to furnish compliance and action taken reports on the subject before end-December 2012.