Sensex surges over 700 points to hit 20,000 as rupee rebounds

[Jade]

Rupee fell with the hint of Federal Reserve's reversal of quantitative easing. They have not done so yet... Hold your breadth guys.. i am still looking at Rupee trading past 70's in near future.



Nothing has changed on the ground.

Once rupee hits 70, Indians will push bangladeshis into sea

 

[Truth Finder]

rupee ended today @ 63.84 vs 68.94( one week ago)

Once rupee hits 70, Indians will push bangladeshis into sea

Bangladeshis enjoy dual-citizenship.

 

[kurup]

Good news ....

Hope the sensex surges more and Rupee regains it's value .

 

[danish_vij]

nice,im a kahsur Punjabi to be precise.

....22 main jalandhro han..kade ethe gehdi marni howe te jaroor daseo

 

[Srinivas]

Ameen! Ho Raha Bharat Niram

Rupee should not rebound the rupee value should be close to 1 dollar = 70 rs but inflation should be low.

This ploy of GOI is working well

"Ho raha hai Bharat Nirman"

 

[Chanakya's_Chant]

#The worst is over for the Indian economy

It is a unanimous view that the worst is over and things are looking better. Reforms are back on track. The Prime Minister has made a fervent appeal to the opposition for support and cooperation on all Bills. This will help the Indian economy, and whoever comes to power in the next government will definitely take them forward. The government has started taking decisions and the signals are positive both from the government and RBI. I feel a little elated that the worst is over, the gloom and doom is over.

Reforms which include the clearing of some important bills like the Pension Fund Regulatory and Development Authority (PFRDA) Bill, the Land Acquisition Bill, raising the FDI cap in several sectors and government approving Rs. 1.83 trillion infrastructure projects will definitely boost confidence among the foreign investors to invest more in India.

Well I must say even the worst governments can make some of the wisest decisions at the time prior to their departure....
#Appointing Raghuram Govind Rajan as the new RBI Governor and the recent economic reforms are one of those decisions....

 

[Soumitra]

#The worst is over for the Indian economy

One swallow does not a summer make. Let it sustain for some time to see the effect.

Well I must say even the worst governments can make some of the wisest decisions at the time prior to their departure....
#Appointing Raghuram Govind Rajan as the new RBI Governor and the recent economic reforms are one of those decisions....

I agree with you completely

 

[Splurgenxs]

hanji , ramamandi /jalandro lage ne gede mere kade kade...thonu jarur yad karunga

 

[Chanakya's_Chant]

One swallow does not a summer make. Let it sustain for some time to see the effect.

Well dear I was not talking about this news particularly; There are many more reasons to believe the same, Our economy is currently in a shambles. Several years of misrule and missed opportunities have resulted in slowing growth, a plummeting rupee, increasing indebtedness, and rising inflation and joblessness. It has pushed us Indians into a panic. But, hang on before you buy that one-way ticket. A silver lining is emerging on this very dark cloud. #Be ready to welcome the Monsoons, I guess the most awaited one for MMS, Speaking specifically of cumulonimbus clouds, we have had a very good monsoon season. According to the Indian Meteorological Department (IMD), India has had cumulative seasonal rainfall of 804mm versus a normal of 742mm, resulting in 8% excess rainfall.

I am pretty clear that the red line will not be breached because these costs are all not going to come in this financial year. The fiscal deficit is the no. 1 objective of the Prime Minister and the finance minister. They have made a commitment and they will stick to it. It is not going to balloon because the food security Bill has been passed.

On the revenue side, we have an ambitious target—18% growth in direct tax collection and 20% growth in indirect tax collection. The growth in collection of income tax, which is bulk of the direct tax, was 14-15% in the first quarter. I am reasonably convinced that we will meet the target of income tax collection.

The government is trying various ways to bridge the gap. One of them is raising FCNR-B (foreign currency non-resident-bank) deposits. Borrowing overseas, FII debt, equity and external commercial borrowing (ECB) are some of the ways through which we can contain the current account deficit.

The government has permitted six companies to raise $8 billion. IIFCL (India Infrastructure Finance Co. Ltd) is going to access the market for a dollar billion and half loan. The three oil companies will raise another $4 billion. With their strong balance sheets and backing of the government, there will be no difficulty.

Then, money will come through the foreign direct investment (FDI) route. The Mylan (Inc.) deal will get us $1.6 billion (Mylan is buying a unit of Strides Arcolab) and Jet will get more than half a billion dollars (Ethiad Airways is buying 24% stake in Jet Airways (India) Ltd). The government has liberalized FDI norms and we will get more money.

I see fresh air and little bit of light at the end of the tunnel. The government has started taking decisions and the signals are positive both from the government and RBI. We feel a little elated that the worst is over, the gloom and doom is over.

 

[confound thinker]

Good News....

 

[Brahmos_2]

Good.. Lets hope for the best...

BTW, where are those astrologers who predicted the collapse of Indian economy..?

 

[Cyberian]

Is this good or bad for the Indian economy?

Gold imports fall 95% in Aug, ease CAD woes

 

[Splurgenxs]

Is this good or bad for the Indian economy?

Gold imports fall 95% in Aug, ease CAD woes

Good news in most aspects bad in some.So overall good

 

[illusion8]

Is this good or bad for the Indian economy?

Gold imports fall 95% in Aug, ease CAD woes

Bad, we are doomed.

 

[Cyberian]

Can India maintain a gold import of only 2.5 tonnes each month for the next 12 months? Consider the following gold imports by India for past 4 months:

July: 47.5 tonnes
June: 31.5 tonnes
May: 162 tonnes
April: 142.50 tonnes

Gold imports fall 95% in Aug, ease CAD woes