Reserve Bank of India retained its policy interest rate at 6.5% yesterday, making it an outlier among Asian central banks facing similar challenges. There is
Category: Economy
Scalding oil, sliding rupee | The Indian Express
Except for the US, most economies of the world are in crisis mode. Policy makers will be judged by how they respond to essentially, for
Focus on inflation — on RBI interest rate – The Hindu
The Reserve Bank of India pulled a surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%. The decision to stand
Sensex crash: Why Sensex crashed 800 points: Rupee, oil and three other factors
The domestic market crashed big time on Thursday as equity benchmark indices fell more than 2 per cent. The BSE benchmark Sensex registered its biggest point-wise decline
Market: Use all your weapons to stem rupee slide: Jamal Mecklai, Mecklai Financial Services – The Economic Times
It is not just this government’s fault, nobody has really focussed single-mindedly on building exports. Jamal Mecklai, CEO, Mecklai Financial Services, makes a straight pitch
Petrol–Now start praying for stable crude–Economic Times
The government has done what it eventually had to do in an election year: cut duties on petrol and diesel and ask state-owned oil marketing
Petrol Prices–Clipping the wrong end–Economic Times
By Thomas Spencer The Centre has given in to pre-poll pressure and cut petrol and diesel prices by Rs 2.50. This will be welcomed by many
borrowing india: Tax collections in India raise doubts on lower borrowing plan – The Economic Times
by Subhadip Sircar Nothing seems to be helping India’s sovereign bond market. The optimism spurred by the government’s decision to cut its borrowing plan proved fleeting
CII suggests 12 ways to control current account deficit, rupee fall – The Economic Times
CII has suggested incentives for foreign currency non-repatriable (FCNR) accounts, NRI bonds and a special dollar window for oil companies The Confederation of Indian Industry
Why Raghuram Rajan is wrong on credit guarantee trust for MSMEs bringing next set of NPAs – The Financial Express
Mohammad Mustafa Last month, as part of replies submitted to the estimates committee of the Lok Sabha, former RBI Governor Raghuram Rajan had warned about growing contingent liability at
RBI monetary policy review: Why a classic interest-rate defence for rupee will backfire – The Financial Express
Given how the rupee has been steadily depreciating—6% since the last policy—most expect RBI to raise repo rates later this week. A classic interest-rate defence is supposed
Oil marketing companies can borrow working capital from overseas now – The Financial Express
The domestic currency touched a low of 72.41 against the greenback intra-day before recovering it to close the session at 73.34. The Reserve Bank of
What ails the Indian economy? How India can address its biggest economic problem – The Financial Express
India has made considerable progress in removing unnecessary and inefficient controls on international and domestic trade and investment. In my last column, I argued that
No easy outs | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) faces two contrasting challenges as it meets for the bi-monthly policy review. The prevailing domestic
The Venezuela option – The Hindu BusinessLine
India’s oil-for-rice trade model with Iran can be revived and broadbased Faced with firm crude prices and a falling rupee, the Centre needs to act
India’s Q4 gold imports to jump as investors seek safer bets than stocks – The Hindu BusinessLine
India’s gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee at the same time
Prabhu calls for meeting to discuss trade deficit, rupee volatility – The Hindu BusinessLine
Worried over the rupee depreciation against the US dollar and the growing trade deficit, Commerce and Industry Minister Suresh Prabhu has convened a meeting of
‘Rupee depreciation need not be fought at all times’ – The Hindu BusinessLine
“Generally positive but some headwinds” were the words that Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, used to sum up his impression
Trump says India wants trade deal with America primarily to keep him happy – The Economic Times
Describing the south Asian country as the “tariff king,” the president told reporters at the White House that India “called us to start negotiations immediately.”
Commerce Minstry focusing on 9 sectors to boost exports; eyes 16% growth this fiscal – The Economic Times
Since 2011-12, India’s exports have been hovering at around USD 300 billion. During 2017-18, the shipments grew by about 10 per cent to USD 303
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