The rupee is expected to trade in the 66-68 range against the US dollar in the next 12-18 months, with the Reserve Bank of India likely to manage the exchange rate proactively to stem excessive volatility from time to time, says Deutsche Bank. "Indeed, the RBI has enough FX (forex) reserves in its coffer, $353 billion or about 9-10 months’ of import cover, to intervene decisively in the FX market, if need arises," said the bank in its Asia Economic Monthly report. US interest rate ... Rediff.com, 2 months ago
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Deutsche Bank has set a target of 29,000 for the Sensex, for December 2016, a 12 per cent upside from the current level. “. . .widespread investor optimism on the policy and macro environment -- following the record election verdict and the sharp decline in global commodity prices -- has been replaced by a more conservative realism on earnings recovery emerging as the most determining market catalyst.,” said Deutsche Bank analysts Abhay Laijawala and Abhishek Saraf. The ...Rediff.com, 2 months ago
Slowdown in corporate lending and the high cost of doing business in India are forcing a rethinkLast month, HSBC announced it was shutting its private banking operations in India. It followed the lead of RBS and Standard Chartered, which earlier this year decided to slim down their India business. It is believed that Germany’s largest lender, Deutsche Bank, which is reviewing its position globally, could be the next to trim its retail operations. Drawn by the growing ranks of ...Rediff.com, 1 month ago
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals Cyclical indices such as S&P BSE Bankex, S&P BSE Capital Goods, and S&P BSE Metals have under-performed the S&P BSE Sensex in the past year (see table). Against a seven per cent fall in the Sensex, these indices have fallen anywhere between 7.6 per cent and 32 per cent. Slow economic growth, weak demand environment, drying up of private sector capex and higher ...Rediff.com, 1 month ago
It's been another great year for the ETF industry, with approximately $200 billion of inflows (so far) and a host of compelling products were launched often from new providers. We think these multi-year trends should persist in 2016 as well. Nine ...S&P Capital IQ Power Moves, 1 month ago
The oil & gas stocks surged on the back of recovery in the crude oil prices as it bounced back from the multi-year lows. Markets extended gains for the third straight session led by financials and information technology majors even as investors keenly await outcome of the US Federal Reserve two-day meet which ends later today. The S&P BSE Sensex ended at 25,495, up by 174 points and the Nifty50 settled at 7,750, up by 50 points. The two day FOMC meet of the US Federal Reserve will ...Rediff.com, 1 month ago
While FMPs no longer offer the same short-term advantage, it is still a good product for the medium term. Retail investors and high networth individuals were especially disappointed when Finance Minister Arun Jaitley changed the taxation guidelines of fixed maturity plans (FMPs) in Union Budget 2014-15. From being a product that offered double indexation (inflation index) benefits for a term of only 14 to 15 months (short term), the product suddenly became one in which the investor had to stay ...Rediff.com, 2 months ago
Market players see no change in cash reserve ratio either, expect RBI to wait for Fed moveBankers, economists and market participants expect the Reserve Bank of India to maintain status quo in its fifth bi-monthly policy review for 2015-16, scheduled on December 1.All 12 participants in a BS poll said RBI Governor Raghuram Rajan would be in no mood to tinker with the interest rate or even the cash reserve ratio. He would ideally wait to see the impact of a possible rate hike by the US Federal ...Rediff.com, 2 months ago
Shipsy is the brainchild of Soham Chokshi, a mechanical engineer from IIT Madras and co-founders Dhruv Agrawal and Maharshi Devraj. At a time when some see the fairytale ride for start-up economy in India ebbing, Delhi-based ‘customer-to-customer’ service provider Shipsy, seems to be betting on on-demand hyperlocal logistics, a relatively untapped app-driven market for start-ups. Defining Shipsy’s focus and unique selling point, co-founder Soham Chokshi says: “There ...Rediff.com, 2 months ago
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