Novice09
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Indian Rupee dives a new record low against dollar
- Thread starter BHarwana
- Start date
BHarwana
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Indian Rupee again today slowly going down the drain. Currently trading at 72.82 and going down.
Indian Rupee about to make a new record of falling.
@Novice09 all markets are down this is very bad and very sad for Indian economy.
It is a sell of again. The markets are bloody red and dead. Again losses today.
Indian Rupee about to make a new record of falling.
@Novice09 all markets are down this is very bad and very sad for Indian economy.
It is a sell of again. The markets are bloody red and dead. Again losses today.
Novice09
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Very bad and very sad
Indian economic crisis going deep day by day.
Rupee up by 60 paise... as usual, your focus is on negative news...
Nilgiri
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LOL reading some of the illiterate comments in this thread. Have a good cry:
https://www.thehindubusinessline.co...orm-in-india-imf-official/article24979922.ece
Lowering inflation is a major structural reform in India: IMF official
KOLKATA, SEPTEMBER 18
One major structural reform the Indian economy has witnessed over the last few years is lower inflation. For an economy where “higher than optimum level” inflation rates were a norm, current numbers tend to be closer to the Reserve Bank of India’s estimates, according to Andreas Bauer, Senior Representative – India, Nepal & Bhutan, International Monetary Fund (IMF).
The change is as important a reform as the roll-out of the Goods and Services Tax or bringing in the Insolvency and Bankruptcy Code (IBC) framework, he said. Data released by the Central Statistics Office showed that retail inflation hit a 10-month low in August at 3.69 per cent, compared to 4.17 per cent in July. The RBI’s medium-term target for consumer price index is 4 per cent within a band of +/- 2 per cent.
“The move towards flexible inflation target with a defined framework for implementation is a big step forward. And you can already see a convergence towards the target that the RBI has set. I think it is a big structural reform,” he told BusinessLine. Bauer was in Kolkata to attend the India Economic Forum 2018 organised by the Merchants’ Chamber of Commerce and Industry.
Pointing out that fundamentals of the Indian economy were strong, Bauer said the current account deficit (CAD) was widening partly because of oil imports. However, the deficit is “still at a moderate level”.
India’s CAD stood at 2.4 per cent of GDP in the April-June quarter.
“In terms of magnitude, it (CAD) is much better than what it was five years ago. So I think it is time for prudent policies. In general, we do feel that the fundamentals of the Indian economy are strong. This level of current account (deficit) is more or less what we expect for a country like India,” he said.
The real effective exchange rate (REER) — the weighted average of a currency against a basket of other currencies adjusted for inflation — is broadly within the fundamentals and fluctuations are “in line”.
According to Bauer, there is scope for further reduction in banks’ statutory liquidity ratio (SLR).
A reduction in SLR would improve margins for banks and allow them access to intermediate funds at low cost, he said
https://www.thehindubusinessline.co...orm-in-india-imf-official/article24979922.ece
Lowering inflation is a major structural reform in India: IMF official
KOLKATA, SEPTEMBER 18
One major structural reform the Indian economy has witnessed over the last few years is lower inflation. For an economy where “higher than optimum level” inflation rates were a norm, current numbers tend to be closer to the Reserve Bank of India’s estimates, according to Andreas Bauer, Senior Representative – India, Nepal & Bhutan, International Monetary Fund (IMF).
The change is as important a reform as the roll-out of the Goods and Services Tax or bringing in the Insolvency and Bankruptcy Code (IBC) framework, he said. Data released by the Central Statistics Office showed that retail inflation hit a 10-month low in August at 3.69 per cent, compared to 4.17 per cent in July. The RBI’s medium-term target for consumer price index is 4 per cent within a band of +/- 2 per cent.
“The move towards flexible inflation target with a defined framework for implementation is a big step forward. And you can already see a convergence towards the target that the RBI has set. I think it is a big structural reform,” he told BusinessLine. Bauer was in Kolkata to attend the India Economic Forum 2018 organised by the Merchants’ Chamber of Commerce and Industry.
Pointing out that fundamentals of the Indian economy were strong, Bauer said the current account deficit (CAD) was widening partly because of oil imports. However, the deficit is “still at a moderate level”.
India’s CAD stood at 2.4 per cent of GDP in the April-June quarter.
“In terms of magnitude, it (CAD) is much better than what it was five years ago. So I think it is time for prudent policies. In general, we do feel that the fundamentals of the Indian economy are strong. This level of current account (deficit) is more or less what we expect for a country like India,” he said.
The real effective exchange rate (REER) — the weighted average of a currency against a basket of other currencies adjusted for inflation — is broadly within the fundamentals and fluctuations are “in line”.
According to Bauer, there is scope for further reduction in banks’ statutory liquidity ratio (SLR).
A reduction in SLR would improve margins for banks and allow them access to intermediate funds at low cost, he said
Nilgiri
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More bad news guys!:
New Sectors Are Contributing To Indian Economy
https://www.bloombergquint.com/glob...-economy-jp-morgans-nicolas-aguzin#gs.TyYy8V0
Morgan Stanley to invest more in India, says CEO James Gorman
https://economictimes.indiatimes.co...ays-ceo-james-gorman/articleshow/65894156.cms
Fitch ups India's growth forecast to 7.8% for FY19
https://economictimes.indiatimes.co...cast-to-7-8-for-fy19/articleshow/65901669.cms
@ranjeet @Robinhood Pandey @Vergennes @Hindustani78 @anant_s
But of course we should trust anonymous "experts" here in this thread instead of James Gorman when he says things like:
He refused to read the recent fall of the rupee as a reflection of poor economic management calling it an “unfortunate consequence” of external factors. “The rupee trades on account of what the dollar is doing and not on account of what the rupee is doing right now."
New Sectors Are Contributing To Indian Economy
https://www.bloombergquint.com/glob...-economy-jp-morgans-nicolas-aguzin#gs.TyYy8V0
Morgan Stanley to invest more in India, says CEO James Gorman
https://economictimes.indiatimes.co...ays-ceo-james-gorman/articleshow/65894156.cms
Fitch ups India's growth forecast to 7.8% for FY19
https://economictimes.indiatimes.co...cast-to-7-8-for-fy19/articleshow/65901669.cms
@ranjeet @Robinhood Pandey @Vergennes @Hindustani78 @anant_s
But of course we should trust anonymous "experts" here in this thread instead of James Gorman when he says things like:
He refused to read the recent fall of the rupee as a reflection of poor economic management calling it an “unfortunate consequence” of external factors. “The rupee trades on account of what the dollar is doing and not on account of what the rupee is doing right now."
Robinhood Pandey
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Did Morgan Stanley CEO James Whatever take an advise from @BHarwana before planning to invest in India?
if not . . their doom is near !!!
PakSword
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BHarwana
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My pleasure
I was waiting for your posts.. thank you man!
This is very bad and very sad
Rupee going Down again toady
A month ago Moody's statements were opposition of what I was saying but today they agree that Indian Govt cannot stop the depreciation of Rupee and they are help less in this regards. They cannot stop it.
Sensex now down 200 points and slipping even further below this is very sad and bad situation.
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