Shaky currency: Understanding the rupee’s fall when macros are stable
The fall in the rupee can be directly attributed to the strengthening of the dollar vis-a-vis the other currencies, especially the euro. The strength of the dollar is obtained from three factors. The...
View ArticleRBI’s Rajan puts rupee convertibility back on agenda
Rajan called in April for full convertibility in "a short number of years", having first raised the prospect when he took office in 2013. The post RBI’s Rajan puts rupee convertibility back on agenda...
View ArticleIndia worst performing market among EMs? The end of Modi bubble for foreign...
Suddenly the FIIs, with a cumulative investment in Indian stocks of about $300 billion at market value, are looking at other emerging stock markets for returns and no longer treat India as the most...
View ArticleSensex trims losses but still down 269 pts, as weakness persists in rate...
Banking, auto and realty shares linger in negative territory post RBI's credit policy announcement The post Sensex trims losses but still down 269 pts, as weakness persists in rate sensitive stocks...
View ArticleRBI gives Rs 100 note a makeover, check out the new security features here
As per the apex bank's notification, they have issues Rs100 denomination banknotes in Mahatama Gandhi series-2005 with a new numbering pattern. The post RBI gives Rs 100 note a makeover, check out the...
View ArticleChina devalues Yuan again sparking fears of Asian currency war
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day, sending fresh shockwaves through global markets and fuelling fears of...
View ArticleL&T cuts order book size by half to 5-7% on subdued economic activity, weak...
L&T says Slowing global economies, depressed commodity prices, weakening currencies and capital outflows constraining growth prospects of emerging economies The post L&T cuts order book size by...
View ArticleICICI Bank prunes equity investment in two overseas arms to half
Of the total loan book of Rs 4,09,700 crore at the reporting quarter, these two subsidiaries contributed 23.4 percent, down from 25.7 percent in the year-ago period The post ICICI Bank prunes equity...
View ArticleAs Fed rate hike looms, RBI admits it is intervening in rupee futures
The rupee fell 2.1 percent against the dollar in November, making it the worst-performing emerging Asia currency The post As Fed rate hike looms, RBI admits it is intervening in rupee futures appeared...
View ArticleIndia tops the largest remittance receiver list in 2015, says World Bank
India retained its top spot in 2015, attracting about $69 billion in remittances, down from $70 billion in 2014 The post India tops the largest remittance receiver list in 2015, says World Bank...
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