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Strong macros keep rupee out of the 'troubled ten' currencies

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A country which has weak fundamentals will blame all others for its currecny fall. Look at the dollar, it has fallen few year back and see how it is rebounding. Blame others for our ills.

India is still strong with basic things

Rupee will grow in upcoming days as export will rise

surely as India isn't over dependent on exports ; d little devaluation is due to free trading of currencies

mainly due to devaluation of yen, rupee is falling

A large part of the outperformance can be attributed to the $42 billion in foreign portfolio flows that India saw in 2014. In 2015, flows have been less abundant at $14 billion which means that the rupee may not be as immune to further dollar swings as it has been in the past. An equally important role in the rupee’s outperformance has been played by the lower crude oil prices which have helped bring down India’s import bill substantially.

It’s been said before. But it bears repeating. The Indian rupee has been remarkably resilient in the face of a mega rally in the US dollar. In fact, it has been the second most resilient currency globally against the strengthening dollar. Only the Philippine peso has performed better.

Will Mathew (Mumbai)

2013, India was ruled by a prty whose head was a renowned economist and a famous finance minister to handle economy and Rupee was one of the worst curreny falling almost 30-35%. 2 years later again a crisis hits most of the EM's, but India ruled by a 'chaiwalla' according to some self proclaimed intellects, with the help of a lawyer FM and a renowned Economist RBI governer manage to stop the drastic fall of their currency. Tells a lot

It's in the "troubled eleven" !

After Devaluation of Yuan 2% the value of money available in Chinese Economy decreased by to that extent. So there is deficit of 2% money in Chinese Economy. To fill the deficit the Chinese Central Bank has pumped 17 billion dollars to the Chinese banks. So it may be understood that before pumping the money in the system, to push the Economy forward, the Chinese Central Bank has Devalued the Yuan in advance. So the Rupee from now will strengthen to 64 against Dollar

good work done by economists to save our rupee

India should take advantage of Chinese financial mess

Rupee will rebounce,no doubt if Modi is reforming economy at faster pace

The Re. should be devalued to 100 against USD to uplift Indian exports and discourage imports. Only problem is gas/petrol, perhaps use of bi-cycles should be encouraged.

it is a sort of supply demand situation on currency

OK...!!! OK...!!! OK...!!! OK...!!! OK...!!! OK...!!! OK...!!! OK...!!! OK...!!! OK...!!!

I don't really think that Indian Currency is out of trouble currencies. The Currency in past one month (Since China has started evaluating its' currency) has devalued along with china. And it clearly indicates that it has impact. with in past 30 days rupee as this moved down words showing no sign of recovery. Therefore, the article is only for staying optimistic about currency in future without any proper reasoning for doing so.

That is only HSBCs version of the state of the Rupee. And HSBC is the biggest money launderer in this world. Why give so much importance to HSBC's predictions?

McDonald's Corp , which is expected to offer all-day breakfasts starting this fall to turn around slumping U.S. sales, is the top choice for "Breakfastarians," who crave breakfast food at any hour, according to a new survey obtained by Reuters on Monday.Forty-one percent of consumers who eat breakfast twice a day consider McDonald's for their next meal, according to the survey from YouGov BrandIndex, a brand perception research service.Sandwich chain Subway was diners' second choice for anytime breakfast with 34 percent, followed by DineEquity Inc's IHOP at 32 percent, Burger King with 27 percent and Starbucks Corp at 26 percent.Denny's Corp and Dunkin' Donuts were tied with 25 percent each and Wendy's Co got 23 percent, while KFC and Chick-fil-A rounded out the top 10 with 22 percent apiece.McDonald's long has dominated the breakfast category, which already accounts for roughly 25 percent of McDonald's sales and about 40 percent of profit in the United States.Breakfast is the only U.S. restaurant meal time seeing an uptick in customer visits. Breakfast traffic was up 4 percent for the year ended May 2015, largely because of gains at fast-food chains, while lunch and dinner visits were flat, according to research firm NPD Group.The category is increasingly competitive as growth-hungry chains dive in or double down with new breakfast menu items.McDonald's added espresso drinks to its morning lineup of McMuffins and inexpensive drip coffee.

013, when the US Fed gave a time to phase out easy money policy, India figured in the pack of 'fragile five' emerging market currencies that could come under pressure. But, this time round, after the yuan devaluation, the rupee is not in the basket of 'troubled ten" currencies - a new term coined in the global currency market for units particularly vulnerable to the resetting of exchange rate by China. t

Re is a lot stable in terms of comparison with other markets.

Inflation is in check & lot of hope for improvement in growth Re will perform consistent.

We could have done better if crucial decisions in economic sphere were in time and place?

Indians' forex spend Rs 36 lac crore a year . All sorts of total taxes paid by us Rs 18 lac crore each year . We hate indigenous, cheaper or efficient substitutes of forex bleeders.We made Rupee 65 times weak since freedom making imports 65 times costlier . How much more loss we want to give our beloved india and us indians.

India's macro management has placed India in a safe position but if further depreciation in Yuan or change in the policy of Federal Reserve System of the US Indian currency may suffer. So close monitoring is needed.

With further depreciation of Yuan is expected, India Rupee which is already in the range of 65.25-65.40, may volatile in line with Yuan. Unless Yuan stabilizes, the volatility may prevail in the emerging markets including India. US Fed policy is another important event that global markets keenly watching as its resultant effect could be easily witnessed every where, though it may not last long.

we are not the worst yet...but we are way better

Yeah, we are poorer and have been becoming poorer for last seventy years, but this time we did not become poorer as some other countries did. Wow! I am really impressed, the good old plan of trying to become rich by continuing to be poorer continues under the BJP regime too. Pathetic!

Then why the equity market is decreasing.

With Modi at the helm, rupee will continue its slide...

The credit should go to falling oil and commodity prices, RBI Governor for holding fort when it comes to holding Rupee steady and Inflation under control and to Govt also for controlling supply side pressures!!

and we all love its weakening and are using and promoting forex bleeders twice of all taxes paid by us hating their better and indigenous infinite substitutes. What are we up to?

Falling of ruppee was started under congress and still cant manage...That's the reason i hate the party....They never thought of something else other than filling their pockets

Ruppee will be able to weather storm better if we citizens restrain our love for imported things starting from GOLD lower down.I am sure this is just my hope my fellow citizens will definitely dissappoint

replies to DrRajesh Bheda

very well said. import of bullion must be stopped and bullion and mines available in india must be mobilized. Inland consumption of petroproducts must be most efficient and should be replaced , costly electronic and items must be discouraged and entry models must be encouraged . Deshi tours and travels must be opted.

This is really nice to know.

hope the rupee is able to weather the storm well

The rupee has dipped recently and could be let to slide slowly. Our imports are still price sensitive and will immediately shortclose purchase contracts once there is any fast slide.

HSBC reports talks otherwise and practically cites same issues in different perspective. Whom to trust?

Anupam Das (Kolkata)

Agreed. Yuan devaluation is already priced in the rupee value (fallen by 2.3%) and in Sensex (fallen more than 1%). Only reason it is not falling more, is because of anticipation of reforms from Modi Govt, that somehow the Govt. will skirt around the Parliament logjam. Also other macros are quite favorable for India now - fair monsoon, negative inflation, lower crude prices thus improving the fiscal deficit #s. Even Moody's have come out with a 7% GDP growth projection for this FY which can be termed as quite good in current times. However if reforms get stalled, then yes, Sensex will fall further, but Govt. is still trying and there is no reason to give up on them yet.

Anupam Das (Kolkata)

Yuan devaluation is already priced in the rupee value (fallen by 2.3%) and in Sensex (fallen more than 1%). Only reason it is not falling more, is because of anticipation of reforms from Modi Govt, that somehow the Govt. will skirt around the Parliament logjam. Also other macros are quite favorable for India now - fair monsoon, negative inflation, lower crude prices thus improving the fiscal deficit #s. Even Moody's have come out with a 7% GDP growth projection for this FY which can be termed as quite good in current times. However if reforms get stalled, then yes, Sensex will fall further, but Govt. is still trying and there is no reason to give up on them yet.

Rupee isnt in troubled 10 because Rajan and IMF kept interest rates high at the cost of millions of new jobs for Indians and economic growth. In return we have very low inflation instead of low inflation not nothing else. This is the biggest mistake in Indian modern history.

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