An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

Rupee slumps to record low; bonds, stocks hit

The rupee slumped to a record low on Thursday, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on foreign capital inflows to fund its current account deficit.  Full Article 

Government bond trading bands removed for day - FIMMDA CEO 10:42am IST

MUMBAI - Indian government and state bonds will have no trading bands for Thursday, chief executive officer C.E.S. Azariah told Reuters, after trading in some debt had been halted earlier in the day due to circuit breakers.

A view shows the Federal Reserve building in Washington August 22, 2012. REUTERS/Larry Downing/Files

Fear of Fed: Where to hide in Asia?

The end of the cheap-cash era may not be good news for Asian equities, but it need not lead to an across-the-board stampede. Not all markets are equally vulnerable, writes Andy Mukherjee.  Full Article 

Cast member James Gandolfini poses at the premiere of Zero Dark Thirty;at the Dolby theatre in Hollywood, California December 10, 2012. REUTERS/Mario Anzuoni/Files
Entertainment & Lifestyle

'Sopranos' star James Gandolfini dies in Italy

James Gandolfini, the burly actor best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the acclaimed HBO cable television series "The Sopranos," has died while vacationing in Rome, Italy, the network said on Wednesday.  Full Article 

The new Xbox One controller (R), next to the previous controller during a press event unveiling Microsoft's new Xbox One in Redmond, Washington May 21, 2013. REUTERS/Nick Adams/Files

Microsoft reverses position on Xbox One

Microsoft says that users of its forthcoming Xbox One game console will be able to play games offline without an Internet connection, and will be able to lend or sell used disc-based games.  Full Article 

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News, Views and Expert Opinion with Aditya Kalra

    Syria Crisis

    A member of the Ghurabaa al-sham brigade sits on a sofa as he holds a weapon at Aleppo's district of al Sakhour June 15, 2013. REUTERS/Muzaffar Salman

    Islamists seize control as moderates dither

    As the Syrian civil war got under way, a former electrician who calls himself Sheikh Omar built up a brigade of rebel fighters. In two years of struggle against President Assad, they came to number 2,000 men, he said, here in the northern city of Aleppo. Then, virtually overnight, they collapsed.  Full Article 

    Deepak Yohannan

    Indian insurers can now go international

    Global insurers have been participating in the Indian insurance market for nearly 12 years. We may soon see the trend reversing. The country's insurance regulator (IRDA) has laid down rules for Indian companies to start overseas operations. If the Tatas could buy out JLR and Corus, who knows what opportunities lie ahead for LIC, New India and others.  Full Article 

    R Rajagopal

    Hard currency status a wishful dream for rupee

    Despite India’s substantial economic progress over the decades to emerge today among the ten largest economies in the world in nominal GDP terms and the top three in PPP terms, the rupee has not kept pace with this progress and has witnessed periods of high volatility. Until India traverses the distance from a trade-deficit economy to a neutral or trade-surplus nation, the rupee will always remain unhinged.  Column 

    Breakingviews

    Andy Mukherjee

    India in depth: Diaspora's yield hunt gone wrong

    India's banking system may lose the only friend it has had the past couple of years: the diaspora. For every $1 of time deposits that Indian banks have raised from residents in the past year, 13 cents has come from the estimated 25 million people of Indian origin who live in other countries. On all but a fraction that amount, the currency risk lies with the depositor.  Full Article 

    Peter Thal Larsen

    Singapore’s creative bank penalty may be a one-off

    Singapore has come up with a creative way of penalising rate-rigging banks. Regulators are forcing lenders implicated in manipulating the city-state’s borrowing and currency rates to set aside up to S$12 billion ($9.6 billion) in extra central bank reserves. With rates low, however, the costs will be much lower than recent mega-fines.  Full Article 

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