Market Pulse
Sensex losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
REUTERS SHOWCASE
Revenge of Markets
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Credit Agricole expects rupee at 52 by end-2013
A shopkeeper counts Indian currency notes inside his shop in Jammu July 14, 2010.
Credit: Reuters/Mukesh Gupta/Files
Reuters Markey Eye - Credit Agricole expects the rupee to strengthen to 52/dollar by the end of 2013, with the currency trading at relatively attractive valuations in REER terms and having priced in "many of the fundamental problems it faces."
Key imbalances in India's economy, including the current account deficit, will gradually diminish next year, says the brokerage.
However, risk-adjusted returns will be "less impressive" given the relatively high volatility in the USD/INR, it adds.
INR will also not benefit much from improvements in risk appetite given a "very low" correlation with risk appetite, Credit Agricole says.
USD/INR has been more sensitive to gyrations in the dollar, and Credit Agricole expects a gradual appreciation in the USD index over 2013 to constrain any strong rally in INR.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters