Abhishek Goenka

RBI's NOP Ceiling: RBI has drawn a line in the sand on rupee volatility. With NOP caps, arbitrage unwinding, and possible FCNR moves - the central bank is stepping in decisively. But will it be enough>

RBI's move a stern warning to curb INR speculation: Abhishek Goenka

Business Standard

Rupee dollar

The rupee weakened past the 40 mark and went all the way to 52 in no time, and has been depreciating steadily ever since

The rupee's journey from 40 to 80 per dollar

While the central bank has been relentlessly absorbing inflows to shore up it's reserves, we are seeing a trend where the central bank, once in a while, steps away from bids to shatter market complacency

Abhishek Goenka, IFA Global

Receiving longer tenor, therefore, looks a good proposition considering the steepness of the curve. Near-end is likely to remain anchored on account of abundant Rupee liquidity in the banking system

'See rupee trading in the range of 72.50 to 74.50 in the short term'

The rupee continues to struggle and has depreciated almost 1.5 per cent in December, despite a better-than-expected winter session. The United Progressive Alliance (UPA) government managed to win Parliament&rsquo;s consent for foreign direct investment (FDI) in multi-brand retail, and the banking laws Bill got the approval of both Houses. The huge dollar demand from companies to pay their dollar liabilities was one major reason which added to the rupee weakness.

Rupee likely to stabilise a little at the start of 2013

Indian rupee registered a negative annual profile for the first time since 2008, with a loss of around 16 per cent, as Europe&rsquo;s debt crisis threatened to derail global economic growth in makets, including emerging ones like India, and hurt demand for financial assets in developing nations. On the face of it, India attracted Foreign Direct Investment (FDI) worth $22.52 billion between January and September, 2011, against $15.97 billion in the year-ago period. The rise in FDI inflows should have cheered the investment climate. Instead, the mood is gloomy, especially after the government was forced to put on hold the big bang policy of opening multi-brand retail to foreign investment. The FIIs withdrawal of Rs 2,500 crore last calendar year, too, has been detrimental to the rupee.

Abhishek Goenka

Abhishek Goenka

Abhishek Goenka

RBI's move a stern warning to curb INR speculation: Abhishek Goenka

The rupee's journey from 40 to 80 per dollar

'See rupee trading in the range of 72.50 to 74.50 in the short term'

Rupee likely to stabilise a little at the start of 2013

Rupee: Base set to stay at 49