Articles by Naagesh N.

HSBC Predicts The Rupee At 52/Dollar

The forecast for the Indian rupee at the end of December this year has been raised to 52 a dollar from 57, based on the reform moves announced recently by the government and the Federal Reserve?s quantitative easing.

Gold At 6-Month High As Fed Fans Inflation Risk

Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.

Fastest Growth in Services PMI in 6 Months

August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.

Rupee Gains; Euro Advances

The rupee hit 55.37, the highest in over a week, and is now trading at 55.41, compared to the 55.53/54 at closing on Monday.

India’s FY13 Growth Forecast Slashed To 5.1%

Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.

Asian Stocks Ease Marginally, Euro Falls

Risk assets fell Tuesday with the investors awaiting an announcement of some monetary easing measures by the Fed at the meeting of central bankers and economists at Jackson Hole, Wyoming, later in the week.

Rupee Gains Marginally in Early Trade

Rupee opens marginally higher in line with gains in euro, local shares may show positive bias, dealers say. The pair is at 55.7150/73 versus 55.75/76 last close.

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Barclays

Barclays Mulling Standard Chartered Merger

The potential move to merge with Standard Chartered could be a way for Barclays to thwart possible demands from an activist investor to return capital to shareholders, the Financial Times reported Wednesday.
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Small Banks Trump Wall Street On Dodd-Frank Rewrite

Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne.