THE RUPEE WILL KEEP FALLING – Given the Current Account Deficit situation and the inability of exports to pick up despite the sharp underperformance of the INR against most competing currencies a theory is gaining ground these days that the INR is overvalued and it should fall more to make imports unattractive and exports more […]
Read MoreThe MF Industry in India has gone through three distinct cycles. The first cycle started in the early 1990’s with the entry of PSU Bank floated MF’s into the industry that was just UTI at that stage. The initial phase of growth was very short where investors were largely unaware of what MF’s were and […]
Read MoreThe MF Industry in India has gone through three distinct cycles. The first cycle started in the early 1990’s with the entry of PSU Bank floated MF’s into the industry that was just UTI at that stage. The initial phase of growth was very short where investors were largely unaware of what MF’s were and […]
Read MoreOne of the biggest factors that have led to the spiral in commodity prices over the last 10 years has been the vociferous appetite of China for commodities as it set on a path to build infrastructure and cities. Chinese consumption of various important commodities like Steel, Copper, Aluminium, Crude Oil, Rubber, Cotton etc has […]
Read MoreWhile central bankers worldwide have continued to balance their policies to focus on reviving growth while keeping a lookout on inflationary expectations the policy environment in India has been totally opposite. I have argued for a long time with different logics that although the RBI started off its tightening policy at the right time and […]
Read MoreWhy are some Emerging Markets underperforming – in the current year till date we have seen developed markets do better than EM’s in general. The reasons have been signs of recovery in the economies of these countries, extremely low interest rates and the huge under ownership of equity that has built up over the last […]
Read MoreGiven the reputation of the Finance Minister there were hopes of big bang announcements in the Union Budget this time. However the budget turned out to be devoid of any major earth shattering announcements both on the negative and positive side. I believe that the two major positives that I saw in the budget were […]
Read MoreThe Finance Ministry, I am sure must be in an extremely busy state preparing the final Budget documents. It would also be getting hit by a huge number of recommendations from various Lobby groups. I am sure that each industry would be clamoring for incentives for investments, lower taxes, higher import protection etc. On my […]
Read MoreAfter rallying over the last quarter of the year 2012 on the back of improving global risk appetite and the restart of the stalled economic reform initiatives of the government we have seen that the Indian markets have started to stagnate and underperform global markets over the last few weeks. Although the benchmark indices are […]
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