Indian financial markets are relatively calm despite the rupee’s plunge to a new low.
Madhav Kalyan, CEO, JPMorgan Chase Bank India, says that the conventional ways of looking at data won’t help.
One such is the 10% cap on investment by insurers in a company because it is the savings of millions of middle class people. The idea is that even if a company goes belly-up, the loss is limited to 10% and not half of it.
Financial services has long been institution-driven due to strict regulations. But many former bankers have taken the plunge.
Urjit Patel's 'take care of inflation to take care of everything else' plan seems to have worked on capital flight.
With the Insolvency and Bankruptcy Code, the Narendra Modi government has ended up treating defaulters with kid gloves.
One, the RBI should be seen sailing with the rest of the world in doing the right thing. The second is that higher rates would bring in the US dollar, which would arrest rupee’s slide.
"If you have to raise ₹5,000 crore for a refinery project, bond market can’t do that."
A look at Walmart’s stock price versus Amazon since 2015 would tell you what’s in store for listed retailers. Since 2015 Walmart is down 3% and Amazon is up 418%, data shows.
Come 2018, it is becoming eerily similar to 2013 with deteriorating macro fundamentals, climbing interest rates, and a surge in oil prices that threaten to throw a wrench in the works.
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