Don't bet on a rupee devaluation
Steven Philip Warner | August 2016 Issue | The Dollar Business There is no overnight waking up to a shock like the one that London witnessed when UK bowed out of EU. Stock traders on Paternoster Square, bankers on Threadneedle Street, high-end shoppers at the Royal Exchange, pub-hoppers from Wapping to Hampstead and beyond – all of them are still finding it difficult to pause conversations on the tomorrow for London, England and Europe. And for the pound. So what started as a promise-triggered campaign by UK’s erstwhile PM to stay in a flawed Union, ended with Russia smiling quietly, US scratching its head for having lost its closest ally in a critical bloc and much of South Asia – including India ...
External Commercial Borrowings (ECB) Policy - Revised Framework.
Dated 30th November, 2015 | Copy of | Circular No.32| To, All Authorised Dealer Category-I Banks Attention of Authorised Dealer Category-I (AD Cat I) banks is invited to A.P. (DIR Series) Circular No.5 dated August 1, 2005 containing the basic framework under which eligible resident entities can raise External Commercial Borrowings (ECB). Subsequent to issuance of this circular, the ECB framework has been incrementally calibrated taking into account the emerging financing needs of the Indian entities and the macroeconomic developments, by bringing more resident entities as eligible borrowers, recognizing more entities as lenders, expanding end-uses, etc., besides periodically reviewing the All-in-Cost (AIC) for such borrowings. Special carve outs were also made to take care of sector specific needs. 2. As sufficient time has ...
Domestic reforms key to Indias economic stability: Finance Minister
The Dollar Business Bureau With the vast depth and size of its market, India's ability to absorb international shocks is far stronger and this was reflected in the relative stability shown by the Indian Rupee. This was stated by the Union Finance Minster Arun Jaitley, on Saturday in response to the US Federal Reserve’s move towards increase of rates this year, say the reports. “International factors obviously have an impact and considering the vast depth, size of the Indian market, our ability to absorb those shocks is far stronger,” said Jaitley, according to the reports. Referring to the similar cases in the past, the Union Finance Minister said the domestic markets helped the Indian economy in remaining relatively stable, in ...
