The US Dollar may extend its losses as the Federal Reserve is forced to cut rates. A change at the helm of the Bank of Japan puts the Japanese Yen in the pole position for 2023. Geopolitics will remain significant, especially for the Euro and… Read More »Where are the Currencies Headed
So what does it mean by ” The Rupee has not devalued by the Dollar has strengthened”. It simply means the devaluation is not because of issues in the Indian Policies ( unlike Britain) but the strength of the dollar which has happened due to… Read More »RUPEE DEVALUED OR DOLLAR STRENGTHENED
Following are the key highlights of the central bank’s September 2022 Monetary Policy Statement unveiled by Governor Shaktikanta Das. POLICY ACTION:• MPC vote unanimously to increase the repo rate by 50 basis points to 5.90%• MPC vote unanimously to remain focused on the withdrawal of… Read More »RBI MONETARY POLICY SEPTEMBER 2022
The Rupee opened stronger on Thursday because the greenback fell to a one-week low globally after the US Federal Reserve raised its benchmark interest rate by 50 basis points but dismissed the idea that even larger hikes could lie ahead. The US Federal Open Market… Read More »US and India hike Interest Rates
The Rupee opened markedly weaker and has hit its all-time low as crude oil prices rose to the highest level since 2008 in early trade, due to the risk of US and European bans on imports of Russian oil and delays in the potential return… Read More »Rupee Under Immense Strain on Crude Prices
BUDGET HIGHLIGHTS DEFICIT/EXPENDITURE Proposes fiscal deficit of 4.5% of GDP by 2025/26 Projects fiscal deficit of 6.4% of GDP in 2022/23 Revised fiscal deficit for 2021/22 at 6.9% of GDP Total expenditure in 2022/23 seen at 39.45 trillion rupees States will be allowed 4% fiscal… Read More »BUDGET HIGHLIGHTS – Eforex India | 1st February 2022
The RBI recently by its circular re-introduced the use of Derivatives as a financial instrument for hedging currency and interest rate risks after it was banned in 2013. Derivatives and structured products were in use, or rather liberally used till before that before the sub-prime… Read More »Re-introduction of Derivatives in India
The Monetary Policy Committee voted unanimously to keep Reserve Bank of India’s key lending rate – the repo – unchanged at 4% while voting 5 to 1 majority to continue with the ‘accommodative’ stance as long as necessary to revive growth till the impact of… Read More »RBI Monetary Policy Update – November 2021
EUR/USD is trading flat in the 1.1590 region, having remained supported above 1.1560, ahead of Monday’s US trading session’s start amid broadly contained FX market conditions. The pair largely ignored a slightly better than expected survey of investor confidence for November (the Eurozone Sentix survey);… Read More »EURO holds stable ahead of Fed Talks
RBI Moneytary Policy Update – October 2021