Hiee friends...its been long i did not write anything...
Economy faced a blood bath,bullish traps n bearish trends....
Along with that arrival of an visionary, Mr.Raghuram Rajan..
If we see as of this week Sensex reached 20,000 nifty rallied 555 points in a week...
and most importantly Rupee which was bleeding profusely,pacified at Rs.64,there's been discussion of reducing Petrol Price by Rs 1.50/Litre
Rajan's magic worked on markets because he is into the rationale that India needs a logical change.He's someone who has arrived without bureaucratic baggage who really intends to inculcate Financial Sophistication in India.
Rajan is a perfect combination of Academic Pedigree as well as an Financial Economist.
The reasons why we can expect a Transforming Change is:-
1.Targeting Inflation
2.New Bank Licences-The NBFC' s and Corporates will be getting Banking Licences in Jan 2014 which will bring various growth and job opportunities in Banking Industry.
3.Currency Measures-A fixed rate swap for FCNR(foreign currency non repatriate) which were dollar dominated will be @ 3.5 % for 3 year deposits thereby welcoming foreign investments in our country.
4.Overseas Borrowing Limit for banks-The limit has been increased from 50 % to 100 %
5.Priority Sector Lending and Working on Non-performable Asset situation in the country.
Rajan saws the fault lines in the system,provides a comfort that the broader markets will be taken care of. He had laid down a three year agenda on rupee internationalization
Other thing he has proposed Inflation based index tied to consumer prices which will give a better impact on the outlook on Indian Economy and how consumers dealing with the prices.
Booster Dose for the rupee will be injected by doubling the borrowing limits may be used by private banks to raise US dollars via Bond Sales and the estimates could fetch $ 25 billion.
An enhancement in overseas borrowing would means additional borrowings possible for banking sector in foreign currency.
Hopefully we'll improve on Oil and gold prices and improve the current account deficit and the situation of our country in International Parlance.
Have a great time ahead... n cya soon....
Economy faced a blood bath,bullish traps n bearish trends....
Along with that arrival of an visionary, Mr.Raghuram Rajan..
If we see as of this week Sensex reached 20,000 nifty rallied 555 points in a week...
and most importantly Rupee which was bleeding profusely,pacified at Rs.64,there's been discussion of reducing Petrol Price by Rs 1.50/Litre
Rajan's magic worked on markets because he is into the rationale that India needs a logical change.He's someone who has arrived without bureaucratic baggage who really intends to inculcate Financial Sophistication in India.
Rajan is a perfect combination of Academic Pedigree as well as an Financial Economist.
The reasons why we can expect a Transforming Change is:-
1.Targeting Inflation
2.New Bank Licences-The NBFC' s and Corporates will be getting Banking Licences in Jan 2014 which will bring various growth and job opportunities in Banking Industry.
3.Currency Measures-A fixed rate swap for FCNR(foreign currency non repatriate) which were dollar dominated will be @ 3.5 % for 3 year deposits thereby welcoming foreign investments in our country.
4.Overseas Borrowing Limit for banks-The limit has been increased from 50 % to 100 %
5.Priority Sector Lending and Working on Non-performable Asset situation in the country.
Rajan saws the fault lines in the system,provides a comfort that the broader markets will be taken care of. He had laid down a three year agenda on rupee internationalization
Other thing he has proposed Inflation based index tied to consumer prices which will give a better impact on the outlook on Indian Economy and how consumers dealing with the prices.
Booster Dose for the rupee will be injected by doubling the borrowing limits may be used by private banks to raise US dollars via Bond Sales and the estimates could fetch $ 25 billion.
An enhancement in overseas borrowing would means additional borrowings possible for banking sector in foreign currency.
Hopefully we'll improve on Oil and gold prices and improve the current account deficit and the situation of our country in International Parlance.
Have a great time ahead... n cya soon....
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