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Aditi Nayar, Chief Economist, ICRA, says she expects that the rupee will remain in the 85-86 range until the Budget is presented and that will take care of the Trump presidency transition as well. Once the Budget is presented, and there is some clarity on the US tariff policy front – although possibly we are in for a year where there could be a lot more volatility and a lot more changes as compared to what we have seen in the past coming in from the US – ICRA will take a relook. The slide of the rupee has accentuated in the last couple of weeks and I am not sure if it is just a coincidence or is it just the timing with the new RBI governor coming on board? Has anything changed in the RBI policy in terms of management of the rupee and the forex reserves? Aditi Nayar: It is really a global phenomenon right now. EMs are all getting hit. The dollar is quite strong and the way the DXY is moving, it is no surprise that we are going to get some weakness coming in with the rupee. Having said that, the Indian rupee has still been one of the strongest performing EM currencies in the recent period.

Subscribe to enjoy similar stories. The Federal Reserve’s decision to cut rates in December is puzzling yet also illuminating. It has given me greater appreciation for the many virtues of monetary-policy rules.

Subscribe to enjoy similar stories. On 24 December, amidst large-scale turbulence, the broader market indices erased all gains in the afternoon to trade in the negative after a downturn in metals, public sector bank names dampened the sentiment. Moreover, trading volumes were reduced as investors closed their books in anticipation of the festive season.

Subscribe to enjoy similar stories. The calendar year is coming to an end with Nifty 50 seeing a correction in the final quarter after surging as much as 20.58% in the first nine months. Bidding adios to 2024, analysts at D-street got to number crunching, tossing around stock ideas for 2025.

buy call on Siemens with a target price of Rs 8,000. The current market price of Siemens Ltd. is Rs 6831.15. Siemens, incorporated in 1957, is a Large Cap company with a market cap of Rs 242900.89 crore, operating in Engineering sector. Siemens' key products/revenue segments include Engineering Goods, Income from Project Development, Sale of services, Other Operating Revenue, Export Incentives, Rental Income and Commission for the year ending 30-Sep-2023.

Subscribe to enjoy similar stories. I will start with a disclaimer—this column is inspired by a chapter in Fluke by Brian Klaas—a good book in how luck plays an important role in life. The history we know tells us that the first atomic bombs were dropped on Hiroshima and Nagasaki in August of 1945, killing around 200,000 people.

Subscribe to enjoy similar stories. Nifty and Bank Nifty on 24 December: The Indian stock market was almost flat on Tuesday, 24 December, with both major indices closing marginally in the red. The Nifty 50 closed 25 points or 0.11% lower at 23,727.65, while the Bank Nifty fell 0.14%, dragged down by the IT and metal sectors.

Rep. Bill Huizenga, R-Mich., discusses DOGE's influence on Congress and Elon Musk's role in Trump's White House on 'Varney & Co.'

US President Joe Biden is actually considering to implement some significant new sanctions against the energy sector of Russia during the final weeks of his presidency, reported The Washington Post.

Amit Shah launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS) on Wednesday and asserted that the government will achieve its target of establishing 2 lakh such societies before the five-year timeline. Addressing the launch event, Shah said prosperity through cooperation cannot be achieved unless cooperatives function effectively at the panchayat level.

Subscribe to enjoy similar stories. As India steps into its Amrit Kaal, the world appears increasingly uncertain and fraught with unknown unknowns. While global challenges require nimble course correction, they must not deter us from aiming high and using the window of opportunity that India has got.

Ro Khanna criticised those targeting Indian-born Sriram Krishnan, who was recently chosen as a senior policy advisor for Artificial Intelligence by President-elect Donald Trump, over his Indian origin.

Bharat Petroleum Corporation Ltd (BPCL) has picked Andhra Pradesh for setting up a new oil refinery-cum-petrochemical complex, which may be the last greenfield project in India which has detailed a very ambitious energy transition plan to net zero emissions. In a stock exchange filing, BPCL said its board at a meeting on Tuesday «accorded its approval to commence pre project activities for setting up of a greenfield refinery cum petrochemical complex in east coast at Andhra Pradesh at an estimated cost of Rs 6,100 crore».

Palestinian health ministry reported that an ongoing raid by Israeli forces in the occupied West Bank has resulted in eight fatalities, including two women, while the military said it had «eliminated a terrorist».

Paktika province in Afghanistan has resulted in the death of at least 15 people, including women and children, with the toll expected to rise. The attacks, which took place on the night of December 24, targeted seven villages, including Laman, where five members of a family were killed, as reported by Khaama Press.

Subscribe to enjoy similar stories. Mumbai: Two newly appointed Monetary Policy Committee (MPC) members have rekindled the discussion started by the Economic Survey on excluding food inflation from the monetary policy framework. Of the three external members of the rate-setting panel of the Reserve Bank of India, Nagesh Kumar and Ram Singh have argued in the MPC minutes released last week that a high repo rate cannot bring down food prices.

Subscribe to enjoy similar stories. India's six-year-old Agricultural Export Policy (AEP) is set for an overhaul as export destinations shift and the country's farm exports basket becomes more diverse, three people directly involved in the process said. The proposed review will attempt to enhance the competitiveness of Indian agricultural products, ensure compliance with global standards, and promote value-added products.

Subscribe to enjoy similar stories. New Delhi: Spurred by the approaching expiry of a transmission charge exemption, renewable power developers have begun to hasten completion of their projects. This has resulted in green power capturing nearly all of the 43% jump in new power capacity added in the April-November period this fiscal compared to the same period last fiscal.