There's no gainsaying that Narendra Modi is taking the world by storm. More importantly, domestic sentiment, cautiously optimistic till now, is getting ready for a party - witness, for instance, the enthusiastic reaction of the stock market to the ...
Clearly, God reads my columns. After four weeks of on-my-knees pleas, the volatility in currency markets has finally come to life, courtesy the chuppa rustam dollar, which, at long last, appears to be stepping out.As far back as July 2012, I have ...
Regulators are much more proactive. If there is any whisper of excessive position-taking, there are questions
Towards the end of May, I had written an article ("Stay close to the exits") about my increasing nervousness about the lack of any nervousness in global markets. Volatilities of all currencies (and, importantly, gold) were plumbing to all-time lows ...
Till a small (relative to my age) number of years ago, I was a pure current account guy. I didn't own a house, a car, or indeed credit cards - Pravina was appalled when we were dating that I'd pay for dinner or whatever from a thappi of notes from ...
Back in the day when all the men were strong, all the women were good-looking and all the children were above average (with thanks to The Prairie Home Companion, a United States radio show from back in the day), dollar strength (or weakness) really ...
I remember, one winter's day many decades ago when I was living in New York, I was once in an elevator going to work when two guys rushed in stomping the snow from their boots. One turned to the other and said, "Weather forecasting is the business ...
Like love, sentiment is an intangible and can't really be measured. Its impact, however, is profound; when aroused, sentiment can completely overturn your life, or, more prosaically, financial markets."Elegant words, even if I say so myself, and as ...
Mr Modi needs to inspire heroism (not merely "heropanti") in all Indians
The sharply higher foreign exchange volatility towards the end of 2013 led to substantially increased volatility of earnings
I remember back when I was in school, my closest friend was from what-appeared-to-be a seriously wealthy family. While they lived very well, his father was a prudent and frugal man. One Diwali, all of us were clamouring for more money for fireworks ...
A hung Parliament in the elections could certainly turn the tide against the rupee
Indian equity markets appear to be banking on political stability after the elections
Companies need to build in an increased risk of default as an additional cost of doing business in China
Back in the 1960s, John Lennon and Paul McCartney sang:Dear Prudence, won't you come outto play?Dear Prudence, greet the brand new dayThe sun is up, the sky is blueIt's beautiful and so are youDear Prudence, won't you come out to play? And since it ...