The Reserve Bank of India (RBI) and the Indian Ministry of Finance seem to be at loggerhead. The government is concerned with the slowing growth and is trying to implement growth policies and dropping strong hints to RBI to provide some help. In its mid-year economic analysis presented in Parliament on Monday, the finance ministry said it…
Emerging markets have been acting as the engine for the global growth for past many years. Their economies are growing in high single digit or double digit in some cases. However, looking at the performance of their stock markets, you wouldn’t be able to make that determination. Here is their performance since Feb ’08. The chart uses country/region specific…
It’s about time too. Infosys (INFY) is one of the bellwether IT companies of India. It is seeking European acquisitions to lift its value. Infosys, whose $4 billion cash pile is the biggest among India’s computer-services providers, said last month it’s looking for a European deal after its annual sales forecast trailed analysts’ estimates. ……
Van Eck doesn’t really break out the specific debt holdings in its Market Vectors Indian Rupee fund INR (quote), but it’s clear that the portfolio was structured better than India’s currency is faring in the money markets. The other rupee fund, WisdomTree’s ICN (quote), is in an equally impressive position, up 3.83% year to date.…
The RBI’s dramatic step had some effect – the rupee gained against the dollar in early trading – but economists said such stop-gap measures will only work as quick fixes, and without concerted efforts by Delhi toward fiscal consolidation and reform, the rupee is unlikely to recover to a more comfortable Rs50 against the…
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