As sanctions cut off major Russian banks from much of the West’s payment systems, finding ways to pay for the crude India imports from Russia has become a challenge. India has emerged as a major buyer...
The capital markets are calmer today, and the fear that was evident at the end of last week remains mostly scar tissue. Led by gains in Japan, China, Australia, New Zealand, and India, the MSCI...
The US dollar is consolidating yesterday’s gains against most of the major currencies, though the dollar bloc is under performing. Bond yields are moving higher, and equities are lower. With a light data and events...
The Indian Rupee (INR) is surprisingly strong proving many analysts wrong. In a world where emerging market currencies experience decline, the INR has been appreciating steadily. From a low of Rs.68.77/USD in Feb 2016, the...
Enough has been written about the recent crash of the Indian Rupee. This article does not intend to rehash any ‘predictions’ by the ‘experts’. Economic forecasting has often been compared to astrology, and justifiably so....
Federal Reserve chairman Ben S Bernanke has hinted that the economy may still require stimulus to bolster growth, that may lead to a rally in weak foreign currencies, especially in the emerging markets. Bank of...
Emerging Markets – Quick Commentary The risk of running high current account deficits (CAD) has hit hard several emerging markets in the Asia-Pacific. With FIIs withdrawing to invest in US bonds and supply of dollars dipping, national...