Market volatility is here to stay

FPIs are unwilling to bear currency risks and are braced for a continued uptrend in rupee yields. That's not a good signal

Easing crude prices bring the prospect of relief. Policy makers can hope that the energy import bill will not be quite as severe as feared. However, there was no relief for consumers as retail petrol and diesel prices were not reduced. 

The GST Council may consider putting aviation turbine fuel (ATF) and natural gas under its purview at the next meeting. This may also be opposed by various states that earn serious revenue from the state excise imposed on these fuels. The states earned Rs 1.6 trillion in tax revenue from petroleum products in 2016-17 and petrol and diesel will continue