Just about a month back, the RBI had issued detailed instruction wherein Indian traders could pay for their exports and imports in Indian rupees. The view is that once the Rupee trade is introduced, then India does not need to denominate its trade wi

For a long time, Yes Bank has been making presentations to various PE funds regarding sale of a stake in the bank to a large private equity player. Finally, that may be approaching fruition. Just a couple of weeks after Yes Bank finalized the sale of

Before we get into this story in greater detail, let us first understand the difference between a hedged position and an unhedged position. A hedged position is a protected position and today it is possible to hedge your risk with the use of futures

The European Central Bank (ECB) had already signalled ahead of its meeting that a 25 bps rate hike was on the cards. But, in its meeting on 21st July, the ECB went a step further and hiked the rates by 50 bps, taking the markets by surprise. In

The previous week was data heavy with most of the key data points like the CPI inflation, WPI inflation, US inflation and trade data being announced. However, the current week will be the interim period between the data announcement and the actual FO

How do you judge the probability if the Fed will hike the rates by 75 bps or 100 bps. One way is to look at the CME Fedwatch. It is a measure of the probability of the extent of rate hike and the possible quantum of rate hike based on the rates impli

To add to the woes of the world economy, China's economic growth for the second quarter ended June 2022 slumped to just 0.4%. Clearly, the widespread COVID lockdowns have taken a massive toll on the economic activity in China. Now, China is not only

It is said that there are few funds in the world where the fund managers rarely say not to a meeting with the fund. Temasek of Singapore is one of them. The investment arm of the Singapore government, it is a formidable investment player in equities

It also looks like a very long time since we saw Brent Crude hovering around $95/bbl, but that is exactly what happened on 14th of July. Oil prices fell sharply, even briefly below the $95/bbl mark, for the first time since Russia invaded Ukraine ear

On Thursday, several oil company shares like RIL and ONGC saw a sudden rally. That can be largely attributed to the expectation that government was considering a reduction in the windfall taxes. It may be recollected that on 01st July, the government

While the trade deficit just looks at the gap between exports and imports of goods, the current account deficit goes a step further. It also considers the trade in services as well as the revenue inflows and outflows during the period. Normally, the

As of now, there is no official confirmation from the government. But there are now strong expectations building up that the controversial export tax on steel may be finally done with. While it is not clear how the government approach would be, the m