Earnings will continue to grow at 15%-16% in next two years: Pankaj Pandey

Earnings will continue to grow at 15%-16% in next two years: Pankaj Pandey

“I think rate cut, again expectations have been also sort of pushed beyond because we do not expect the US Fed to sort of cut rates because that will sort of put pressure on the currency,” says Pankaj Pandey, Head Research, ICICIdirect.com.What is the market expecting from the RBI policy, a status quo and I … Read more

How can corporates use the ETCD platform to hedge their forex? Gaurang Somaiya explains

How can corporates use the ETCD platform to hedge their forex? Gaurang Somaiya explains

“We are expecting that this low volatility could still continue. So, there has been this tussle which has been going on between the bulls and the bears,” says Gaurang Somaiya, MOFSL. First thing I want to ask about is the volatility in rupee which is at a multi-month low. Now, this is making Indian corporates … Read more

Currency in circulation down Rs 36,000 cr week after Rs 2k note move

Currency in circulation down Rs 36,000 cr week after Rs 2k note move

Mumbai: Currency in circulation declined by ₹36,492 crore a week after the Reserve Bank of India requested people to deposit or exchange the recently withdrawn ₹2,000 notes, most probably reflecting the value of notes returned to banks. Latest RBI data shows that the outstanding currency in circulation (CIC) as on May 26 was at ₹34.4 … Read more

₹2,000 currency notes | RBI doesn’t have power to withdraw banknotes, petitioner tells High Court; court reserves verdict

₹2,000 currency notes |  RBI doesn’t have power to withdraw banknotes, petitioner tells High Court; court reserves verdict

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers. File | Photo Credit: PTI The Reserve Bank of India (RBI) cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers, the … Read more

India’s forex reserves surge to a 11-month high of $595.9

India’s forex reserves surge to a 11-month high of $595.9

The Reserve Bank of India‘s foreign exchange reserves jumped $7.2 billion to an eleven-month high of $595.98 billion in the week ended May 5. At current levels, the central bank’s reserves are at their highest since June 10, 2022. The sharp rise in the foreign exchange reserves was on account of an increase in the … Read more

Learn With ETMarkets: Futures Contracts 101 – understanding the basics

Learn With ETMarkets: Futures Contracts 101 – understanding the basics

Tara and Dev were deep in conversation about trading instruments and asset classes when there was a sudden knock at the door. With an anticipated look, Dev got up to answer it, and in walked Jay with a beaming smile on his face. Dev had been talking up Jay to Tara for a while now, … Read more

Coforge Q4 Results: Revenue forecast outpaces larger peers; shares rise

Coforge Q4 Results: Revenue forecast outpaces larger peers; shares rise

Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more

A popular EM FX trade back with global rates peaking

A popular EM FX trade back with global rates peaking

The stars are aligning in favour of a popular currency trade that benefits from attractive yields and low volatility – even as markets come off one of the most turbulent months in years. Signs that the US economy is slowing down and global interest rates are peaking are setting the stage for investors to revive … Read more

Impact of SVB’s fallout on DM and EM currencies! Will rupee get impacted?

Impact of SVB’s fallout on DM and EM currencies! Will rupee get impacted?

What happens when the entities falling under too big to fail, fail? The US banking crisis initiated by the Silicon Valley Bank’s (SVB) crash has overwhelmed other market drivers. The shift in the momentum across all asset classes from bonds to equities to precious metals to currencies was swift and prompt as it was further … Read more

Every investor should have reasonable part of their portfolio in global basket: Devina Mehra

Every investor should have reasonable part of their portfolio in global basket: Devina Mehra

“I find a lot of women are diffident about managing their own money whereas they should be because there is clearly no independence without financial independence so that is a sort of cause for me to get people and women to manage their own money,” says Devina Mehra, First Global.It is usually said that women … Read more