Sharing his reading and outlook on the Indian currency, Ananth Narayan of Standard Chartered Bank said, global risk-on sentiment and strong portfolio inflows are leading to this buoyancy in the rupee.
The Indian rupee opened at 53.01 per dollar versus 53.19 on Friday.
The rupee is likely to open stronger on the back of favourable global cues and strong foreign inflows, says Agam Gupta, Standard Chartered Bank.
Samiran Chakrabarty of Standard Chartered Bank feels the central bank may go for a 25 bps rate cut tomorrow. According to him, the declining inflationary trend may provide room for easing rates.
The Indian rupee opened at 53.81 per dollar versus 53.68 on Thursday.
The dollar is likely to strengthen against the rupee today, support is seen at 54/USD, says Agam Gupta, Standard Chartered Bank.
In an interview to CNBC-TV18, Ananth Narayan, managing director, global markets, Standard Chartered Bank gives his views on the rupee. Narayan says he expects the rupee to continue in the 53-56/USD range.
The Indian rupee opened at 53.72 per dollar versus 53.71 on Friday.
The rupee is likely to remain strong in today's session. Recent reforms contribute to the firmness and the prevailing positive sentiment in domestic equity markets, says Agam Gupta, Standard Chartered Bank.
Samiran Chakrabarty, head of Research, Standard Chartered Bank cautioned that there could be cascading effect on commodities transported through railway route. However, the direct impact of 50 paise per litre hike will be nominal.
The euro hit an 11-month high against the dollar on Monday on fading prospects of an interest rate cut in Europe, while world equity markets ticked lower following gains that took them to more than one-year highs.
The Indian rupee opened at 54.75 per dollar versus 54.76 on Friday.
Inflation will be the key driver for the rupee today, it is expected to come in at 7.3%, says Agam Gupta, Standard Chartered Bank.
Economists Samiran Chakrabarty of Standard Chartered Bank and Shubhada Rao of YES Bank discuss on CNBC-TV18, in the backdrop of a rise in the current account deficit to 5.2 percent, that the RBI may cut rates gradually to support growth and stem the impact of the rising fiscal and current account deficit.
Anant Narayan of Standard Chartered Bank however, is bullish on the Indian currency for the short term. However, the trade deficit still remains a cause of concern, he opined.
The July-September GDP performance has slowed down to 5.3 percent from 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Samiran Chakrabarty, Standard Chartered Bank, spoke to CNBC-TV18 about the RBI act post GDP numbers and why he is hesitant to expect 7 percent growth in FY14.
Leaders of Euro zone countries and IMF have agreed to unlock 43.7 billion euros to the heavily-indebted Greek economy. Sarah Hewin, Standard Chartered Bank says it is a good deal.
It's a moment we all have been waiting for, the National Final of Tata Crucible The Business Quiz 2012. The season‘s biggest finale is here. With smarter, faster and sharper reflexes, Tata Crucible reached its zenith.
Six teams, extremely worthy of their places, are in Tata Crucible Corporate Quiz 2012's Mumbai final. A big battle for who will make it to the national stage from here.
State Bank of India (SBI) shares on Monday rose nearly 2% to close the day's trading at Rs 2,190 in NSE after the bank had revised its reported slippage numbers in the second quarter (July-September) results. This led to a reduction of Rs 1,400 crore in gross slippages.
Steve Brice of Standard Chartered Bank expects to see a 5-10 percent short-term pullback in markets. He says the Sensex can touch 22,000 levels in the next 12 months.
In its quarterly monetary policy review, the RBI has left the repo rate unchanged and hacked CRR by 25bps. Post the announcement, yields jumped and markets tanked. A host of banking honchos react to the RBI stance and express their fear and desires in this discussion.
After the rupee recovered marginally today, Agam Gupta, managing director of FXRC (Foreign Exchange Rates & Credit Trading), South Asia, Standard Chartered Bank believes the rupee may see 54 level. "The euphoria of the economic reforms is fading now."
Indian Hotels Company Ltd (IHCL) has made an unsolicited USD 1.42 billion bid for US luxury hotels group Orient-Express Hotels , which turned down an offer in 2007 to form a strategic alliance.
Samiran Chakrabarty of Standard Chartered Bank is positively surprised with the August IIP figure and believes the momentum shift in the consumer goods sector is important and expects it to continue further. The better monsoon from July has also played a role in changing sentiment, he feels.