He warned of a capital war if the US government bans investment in China or withholds its bond payments to the country.
India is a major beneficiary of improved global liquidity on lower crude prices. Cheaper crude is a big positive for the Indian economy in such trying times.
Lots of investors are talking about 15-20 percent allocation towards international equities. As diversification takes off, the Rs 6000-crore sum will increase manifold over the next three to five years.
Gold may have fallen from the record high but experts say crucial support for the yellow metal is placed at Rs 47,500-47,600 levels per 10 gm.
Indian markets are expected to witness a bounce back given all the negativity is already priced in. However, the 9000 levels on the Nifty50, does seem to be a strong resistance level.
Precious metal prices are likely to remain volatile tracking weak rupee, and expectations of some stimulus measures across the world to support the economic activity will trigger risk-on sentiment.
For Yes Bank’s shareholders, the ideal time for a selloff was when Rana Kapoor sold around levels of Rs. 60/share, now the investor should decide depending on his asset allocation.
Markets irrationally bullish, but not yet euphoric
The Dollar index has appreciated sharply in the past few months due to further escalation in the US-China trade war. Brexit drama is also adding to the turmoil.
The level of 72.90 is a crucial resistance for the USD/INR pair, break of which could push it to a new all-time high.
Traders can go short in USD/INR currency futures at 69.29 and on any bounce till 69.40 for the target of 68.5 and 68.1
The RBI should also reduce the Cash Reserve Ratio (CRR) to ensure enough liquidity
At the Interbank Foreign Exchange (forex) market, the rupee opened at 71.08, but during the day it came under selling pressure. The local unit moved in a range of 70.94 to 71.39 and finally finished at 71.25 per dollar, down by 17 paise against its previous close.
Higher bond yields, which spiked on concerns that the government may over-shoot the fiscal deficit target in an election year, too weighed on the domestic unit, forex traders said.
Traders said sustained selling of the American currency by exporters and banks ahead of the US Fed policy decision propped up the rupee, while sliding oil prices eased current account deficit concerns.
Crude oil prices have erased all the gains for this year. This a major benefit to India as the economy as an aggregate is a net consumer of oil.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters.
Gold price slashed by Rs. 335 per ten grams, silver prices also dipped by Rs. 1310 per Kg. Gold Rs 30,765 per 10 grams and silver at Rs 40,205.
Rising prices, depreciating rupee and geopolitical tensions between the US and China will likely to have negative impact on the gold and diamond jewellery business.
The dollar extended losses overseas after the US Federal Reserve stuck to its target for interest rate hikes this year.
This is its biggest fall since February 1, when it had lost 44 paise.
The rupee opened a tad higher at 64.95 per dollar as against yesterday's closing level of 64.96 per dollar at the interbank forex market.
The rupee opened higher by 4 paise at 64.98 per dollar as against yesterday's closing level of 65.02 per dollar at the Interbank Forex Market (FOREX).
The rupee resumed lower at 65.08 per dollar as against last closing level of 65.04 at the Interbank Forex Market.
I expect the USD-INR pair to trade in a range of 64.45-64.65/dollar, says Bhaskar Panda of HDFC Bank