It’s The Economy | RBI’s decision to prematurely close its special FCNR(B) deposit mobilisation window on August 31 instead of September 30 has led to a bunch of interpretations:1. Did the RBI have a target in mind which was hit? 2. Does RBI want to keep its swap-cost in check? 3 Does RBI not want Rupee to appreciate much? Also RBI data shows trade deficit has worsened, but capital flows have improved. Catch Latha Venkatesh in conversation with Mitul Kotecha, Head of FX & EM Macro Strategy Asia, Barclays and Dhiraj Nim, Economist, FX Strategist at ANZ Research on how to understand RBI’s moves, impact of rising trade deficit and future course of rupee
#itstheeconomy #rbi #fcnrdeposits #foreigndeposits #indianeconomy #indiagrowth #rupeerally #foreigninvestment #fiiflows #rupeeweakness #rupeedepreciation #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
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Rupee 100 jaba
Expect 100 in 6 months
Why rupee isn't appreciating despite the FCNR flows?
Stop blabbering. Rupee have not moved an inch. Worst decision ever for sure. RBI should act like a central bank. Remember that there is group who can be smarter than central bank to sabotage your plans in India.