New Lows For INR

It will happen, but nothing much to worry about…     Macquarie recently released a report indicating that the INR could dip to a low of Rs.71/$. For those who have seen the panic of August 2013, this may almost sound like an encore. But there are some subtle differences. In fact, even at Rs.71/$,…

Over To The MPC

RBI monetary policy will get increasingly institutionalized…     The idea of Monetary Policy Committee (MPC) propounded by Dr. Raghuram Rajan is set to become a reality. The MPC approach is a more democratic and institutionalized process to take important decisions pertaining to setting the benchmark rates in the economy. Here is how the MPC…

Cheer For FPIs

Foreign investors have something to smile about…   In the last couple of weeks there were a couple of clarifications coming from the government which could bring cheer to FPIs. The clarifications on GAAR and P-Notes came in at a time when the global markets were roiled by the post BREXIT uncertainty. What are these…