Narrowing current account deficit will help the rupee strengthen against the dollar and appreciate to around 79 by the second half of the current fiscal, says a foreign brokerage report. The rupee is likely to strengthen towards 79 by end-FY24 from an average of 82 to the US dollar in FY23, Tanvee Gupta Jain, the … Read more
The strong debt profile of Indian companies was key to maintaining the country’s macroeconomic stability, which is expected to further improve as the current account deficit (CAD) for this fiscal year is set to be smaller than earlier estimates, a finance ministry report said Monday. Supported by gains from high services exports, moderation in oil … Read more
“The major headwind is expensive valuations. Post some corrections with current profit taking Indian markets will again be attractive with decent valuations,” says Ashok Kumar Jain, CMD, . In an interview with ETMarkets, Jain said: “One should also watch out for ballooning trade deficits, volatile currency fluctuations, constricting liquidity conditions, geopolitical uncertainties, and persistent FPI … Read more
Indian exporters of carpets, handicrafts and engineering goods expect up to 10% benefit from the ongoing rupee depreciation. Sectors with a low dependence on imports stand to gain while others will lose their benefits to higher oil and commodity prices, they said. The rupee has shed almost 3.5% against the US dollar this year and … Read more
Rising crude prices could derail most economic fundamentals besides putting a pressure on the currency and other markets. Though the direct impact on fiscal deficit is not expected to be significant. Estimates by economists at public sector lender- Bank of Baroda- shows that a 10 per cent increase in crude prices could add to retail … Read more
By Trip Hedrick, as told to Janie McQueen One day in 2000, at age 46, I was in the pool doing a hard set when a jolt of chest pain and radiating arm pain stopped me cold. I’ve been swimming most of my life — I was a member of U.S. Masters Swimming for more … Read more
Michael Capalbo used to subsist mostly on meals in restaurants and takeouts. “I just thought I was immortal,” says the 54-year-old Connecticut salesman. “I was literally living on burgers and wings and pizza and stuff like that.” Then in April of 2020, while at work at Walgreens, Capalbo had a massive heart attack caused by … Read more
Bill Sylvester has known most of his life that his heart could one day give him trouble. His family’s history of heart disease goes back at least three generations. His mother, three uncles, and two grandparents all died of the illness before age 65. Sylvester, a 63-year-old custom baseball bat maker in Big Bear, CA, … Read more
Stress is a basic instinct for all animals — humans too. It’s the body’s fight or flight response for fending off danger. It presses the “pause” button on our bodily functions and puts all our energy toward the threat at hand. And it’s not always bad. In fact, it might even save your life. “Acute … Read more
The country’s foreign exchange reserves surged by USD 58.38 billion in April-September 2021 to USD 635.36 billion, says an RBI report released on Wednesday. The forex reserves were at USD 576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves. These reports are prepared half … Read more