Renowned investor and author Ruchir Sharma believes foreign investment will only return to India once the US dollar weakens. "The one variable that every investor in India should look at as to when foreign flows will start coming back into India is when the dollar turns," he said. Sharma also pointed out that unless there is a significant change in …
Crude oil prices climbed about one per cent on Wednesday, July 17, on a bigger-than-expected weekly drop in US crude stockpiles. Brent futures rose 96 cents, or 1.2 per cent, to $84.69 per barrel, while US West Texas Intermediate crude rose $1.36, or 1.7 per cent, to $82.12. Coming to domestic prices, crude oil futures last traded 1.95 per cent …
Mumbai: The depreciation of the Indian rupee over the past two years has impacted dollar returns for foreign portfolio investors, leading to cash market sales. According to market veteran Shankar Sharma, founder of GQuant Investech, the sharp depreciation of the rupee over the past two years is one of the "main reasons" for foreign money outflows, with underperformance from major …
The Indian rupee fell to an all-time low of 76.97 per US dollar on March 7. Countries have different levels of dependence on critical goods and sudden changes in prices of these goods can have a different impact on exchange rates. This means that when crude prices go up significantly, India’s import bill also goes up in a big way, …
