<img class="gwt-Image" src="/photo/52898447.cms" /> 
 
 <keyword id="30067" type="ORGANIZATION" weightage="100" keywordseo="RBI">RBI</keyword> Governor <keyword id="6358908" type="PERSON" weightage="100" keywordseo="Raghuram-Rajan">Raghuram Rajan</keyword> has said that India’s central bank is keeping an eye on all markets and if need arises, will also inject liquidity to control Indian currency amidst global changes that have happened because of <a href="http://www.businessinsider.in/BREXIT-impact-on-India/articleshow/52895133.cms">Britain’s exit from the European Union</a>. 
 
He added that RBI will not step back if need comes to get involved in forex markets, while also saying that rupee’s condition was better than other currencies. 
 
 
Also read: <a href="http://www.businessinsider.in/India-will-survive-Brexit-says-Shaktikanta-Das/articleshow/52896637.cms">India has got what it takes to survive Brexit, says Economic Affairs Secretary</a> 
 
Dr Rajan's comments have come as a calming measure for <a href="http://www.businessinsider.in/Indian-stock-market-after-Brexit/articleshow/52896084.cms">domestic financial markets</a>, which have <a href="http://www.businessinsider.in/Brexit-causes-panic-in-indian-stock-market/articleshow/52895611.cms">stumbled</a> because of <keyword id="6355333" type="UNKNOWN" weightage="100" keywordseo="Brexit">Brexit</keyword>. 
 
Also read: <a href="http://www.businessinsider.in/Arun-Jaitley-on-Brexits-impact-on-India/articleshow/52896443.cms">Arun Jaitley says India is very well prepared to deal with Brexit shocks to the economy and markets</a> 
 
<a href="http://media.newindianexpress.com/Rajan-Reuters.JPG/2015/05/20/article2824389.ece/binary/original/Rajan-Reuters.JPG">Image source</a>

Calm down, says Raghuram Rajan! RBI is prepared for Brexit impacts

<img class="gwt-Image" src="/photo/52993249.cms" /> 
 
 While everyone is busy imagining how doomsday would look like in the economy, <keyword id="6355178" type="UNKNOWN" weightage="100" keywordseo="Dalal-Street">Dalal Street</keyword> investors are smiling without a worry in the world, thanks to Indian government’s policy measures and booster shots. 
 Over the past 11 days, this support from the <keyword id="6354642" type="PERSON" weightage="100" keywordseo="Modi">Modi</keyword> government has helped the market quickly get over global headwinds, while treading its own path. 
 Modi government always recharges the <keyword id="6356076" type="UNKNOWN" weightage="100" keywordseo="indian-economy">Indian economy</keyword> every time there is something wrong with the world economy. 
 
A few measures adopted in the recent past include eased FDI and 7th pay commission, while a landmark tax reform is under the way to be implemented. 
 Some recent situations that demanded such actions were the exit of <keyword id="64190" type="POSITION" weightage="100" keywordseo="RBI-Governor">RBI governor</keyword> <keyword id="6358908" type="PERSON" weightage="100" keywordseo="Raghuram-Rajan">Raghuram Rajan</keyword>, followed by <keyword id="6355333" type="UNKNOWN" weightage="100" keywordseo="Brexit">Brexit</keyword>, which could have impacted the economy, but thanks to the timely action from the government, the effect was controlled. 
 
Here's a look at how all this has worked, as per <a href="http://economictimes.indiatimes.com/markets/stocks/news/on-d-street-theyre-loving-it-how-modi-co-cushions-market-in-times-of-crisis/articleshow/52986847.cms">ET</a>: 
 
As soon as Raghuram Rajan announced his intention to leave RBI after this term, the government unveiled a slew of FDI reforms, allowing up to 100% FDI in aviation, 74% in pharma and 100% in defence. 
 As the <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> tanked over 1,000 points after Brexit, rumours regarding the seventh Pay Commission became spreading. 
 
Regarding Rajan’s replacement, since the economy depends a lot on this post, there are reports that the new RBI governor would be announced in July, while earlier it was being said that the announcement would happen only in August. 
 
Last but certainly not the least, the push that the government is giving to GST, which is long awaited, there are hopes for further boost in the economy. 
 
<a href="http://i.huffpost.com/gen/4462434/images/o-NARENDRA-MODI-SMILING-facebook.jpg">Image source</a>

No doomsday for Dalal Street: Here’s how Modi Cabinet helps Indian markets during crisis

<img class="gwt-Image" src="/photo/52991208.cms" /><keyword id="64190" type="POSITION" weightage="20" keywordseo="RBI-Governor">RBI Governor</keyword> <keyword id="6358908" type="PERSON" weightage="100" keywordseo="Raghuram-Rajan">Raghuram Rajan</keyword> said three-year term for a central bank chief is short, calling for a longer term. 
 
While briefing Parliament's Standing Committee of Finance, Rajan said, “a three-year term is short. 
 On whether it should be five years, Rajan is believed to have cited the case of US <keyword id="6355253" type="ORGANIZATION" weightage="20" keywordseo="Federal-Reserve">Federal Reserve</keyword>. 
 
In the US Fed, in addition to serving as members of the Board, the Chairman and Vice-Chairman serve terms of four years and may be reappointed to those roles who in turn serve until their terms as Governors expire. 
 
Rajan, whose current three-year tenure ends on September 4, has already said no to a second term. 
 Sources further said that during the meeting that lasted for over three hours, the Governor briefed the panel, headed by senior Congress leader M <keyword id="6369803" type="PERSON" weightage="20" keywordseo="Veerappa-Moily">Veerappa Moily</keyword>, on state of the economy, reforms and restructuring of RBI, challenges in the banking sector in India and the way forward. 
 
The committee was apprised by Rajan of the various steps taken to deal with the bad loan problem, said the sources. 
 
The Reserve Bank has said the gross non-performing assets of the banks can rise to as high as 9.3 per cent in 2016-17 after hitting 7.6 per cent in March 2016. 
 
Rajan, the sources added, also briefed MPs about the credit scenario of the banks. He is believed to have told the MPs that private lenders are more active on the lending front, but PSU banks are found to be reluctant even when there is no shortage of funds. 
 The Governor also explained to MPs the impact of <keyword id="6355333" type="UNKNOWN" weightage="20" keywordseo="Brexit">Brexit</keyword> on India and the global economy. 
 
Earlier in the day, Rajan called on Finance Minister Arun Jaitley as the central bank and the government seek to quickly put in place a new interest rate-setting mechanism.

Raghuram Rajan pitches for longer tenure for RBI Governor, says three years is short

<img class="gwt-Image" src="/photo/52895819.cms" style="width: 800px; height: 600px;" /> It’s final. The United Kingdom will ‘LEAVE’ the <keyword id="6355110" type="ORGANIZATION" weightage="100" keywordseo="European-Union">European Union</keyword>. It will no longer be a part of the 28 member European nation’s bloc that constituted the EU. As historic a decision as it is, it will also have a sure shot impact on India as well. This is what will happen now: 
 
Volatility in the Stock Market As a result of huge sell-offs by foreign investors, to hedge their losses in emerging markets. While stock markets in the UK are expected to tumble as much as 20%, in India, post an immediate knee-jerk reaction in the markets given sell-offs, it will largely smooth out. In fact, Sensex opened 780 points down at 26227, while the Nifty was down 247 points at 8022. That said, Indian markets are expected to largely stabilise over a 10-15 day window, given domestic indicators like monsoon and inflation are largely stable and healthy. The Government in India and its other independent regulators protecting its currency are however in full charge of the situation. In a statement released on June 22, the Reserve Bank of India said, “In the run up to the referendum in the United Kingdom on its continuing in the European Union, uncertainty about the poll outcome has resulted in some amount of turbulence in global financial markets, including in India. The RBI is maintaining a close vigil on developments, and will take all necessary steps, including liquidity support, to ensure orderly conditions in financial markets.” There is an impending worry by experts who fear the rupee could fall to Rs68 to a Dollar, now that <keyword id="6355333" type="UNKNOWN" weightage="100" keywordseo="Brexit">Brexit</keyword> is a reality. 
 
Trade 
India will largely benefit from the Brexit. India’s trade with the UK has been significantly rising over the last decade, more so over the last 5 years, whereas it’s trade with the rest of the EU has seen a steady decline, given unclear and confusing regulations along with tariff issues. India will now have greater flexibility to negotiate a bilateral Trade Agreement with the UK that has been languishing mostly given the ambiguous and extremely confusing laws governing the EU. India for the last 8 years now has been trying to strike a Free Trade Agreement with the EU, but again, given the complexity of the laws that require it to keep in mind and safeguard economies of 27 (post Brexit) member nations, it hasn’t seen the light of the day yet. Meanwhile, India’s bilateral trade with the UK stood at $14bn in 2016, with India exporting goods and services worth close to $9bn and imports from the UK counting at just over $5bn. 
 
Indian Companies in the UK 
There are over 800 Indian companies with operations in the UK, employing over a million people. However, the biggest company to get impacted will be Tata Motors, which owns UK’s largest carmaker, JLR. Tata Motors stocks were already down over 12% as soon as trade opened this morning. The others to face the music will be Motherson Sumi which was down over 10% as soon as trade opened. Then there are Pharma companies like Aurobindo Pharma and banks like ICICI and Axis Bank that have significant UK exposures. Most Indian companies in the UK use that country as an exporting base to the rest of the EU and some of their strategies will now have to be relooked into, given how domestic laws in the UK now change with regards exports and imports. 
 
<a href="http://static3.uk.businessinsider.com/image/5639ee4bbd86ef185c8bbfb0/david-cameron-is-letting-his-ministers-campaign-for-a-brexit-if-they-want-to.jpg">Image source</a>

It’s a BREXIT! This is how India gets impacted

<img class="gwt-Image" src="/photo/52895668.cms" /> 
 Initial data on <keyword id="6355333" type="UNKNOWN" weightage="100" keywordseo="Brexit">Brexit</keyword> vs Remain polls suggested results in favour of Brexit, which impacted currencies all over the globe this morning, including India. 
 
Rupee stumbled 63 paise against the US dollar to 67.88, while it had closed 23 paise higher at 67.25. 
 
Reportedly, the finance ministry has asked the RBI to keep an eye on the rupee volatility, and the central bank has assured that if need arises, it will inject liquidity. 
 
As per the poll results, 54.5% vote count was in the 'Leave' camp, with 51.4% support, leaving the 'Remain' camp behind with 48.6% votes. 
 
After these reports, the British pound fell 8% to its lowest level against the greenback since 1985, while the euro fell 1.5% to 1.12 per dollar. Yen, on the other hand, jumped to its highest level in three years on safe haven demand. 
 
"The domestic currency market will have a deeper impact if Britain breaks from the Union as US dollar will gain strength in such a case. The exchange rate has moved from 52/$ level to 68/$ in the last three years and I do not think fundamentals have changed that much," Rajat Sharma, CEO, Sana Securities, told <a href="http://economictimes.indiatimes.com/markets/forex/brexit-fear-haunts-rupee-currency-tanks-63-paise-to-67-88/articleshow/52894732.cms">ET</a>. 
 
Sugandha Sachdeva, AVP &amp; In charge- Metals, Energy &amp; Currency Research at Religare Commodities said that she expected the rupee to move in a band of 66.50-67.70. "On the downside, in case 67.70 is pierced through, we may even see it hitting record lows," she added. 
 
The Nifty50 slipped below its crucial support level of 8000 because of losses in realty, power, metal, consumer durable, and banking stocks. 
 
Things to know about today's market, as per <a href="http://economictimes.indiatimes.com/markets/stocks/news/black-friday-sensex-plummets-nearly-1000-points-nifty50-below-8000/articleshow/52893735.cms">ET reports</a>: 
 
1) Brexit might cause up to 5% correction 
 
2) Bremain might cause risk-on rally 
 
3)Strong resistance for Nifty seen at 8,310 
 
4)Initial results showed a close contest between the two 
 
5) Asian markets stay nervous 
 
6) S&amp;P futures slip on early results

Bloodbath in the Indian markets as Brexit causes panic

<img class="gwt-Image" src="/photo/52903812.cms" /> The past ten days or so have been particularly momentous not only for India but the world as a whole. After Rexit (A terms coined to reflect Indian RBI present Governor Rajan's decision to leave his role for going back to the academia in the US) we have had a <keyword id="6355333" type="UNKNOWN" weightage="60" keywordseo="Brexit">Brexit</keyword> (Britons wanting to leave the European Union) as well. It has also resulted in the announcement of plans for an exit of Prime Minister <a href="http://www.businessinsider.in/searchresult.cms?query=David+Cameron&amp;sortorder=effectivedate">David Cameron</a> as he expressed his desire to 'stand down' from his present role. The Britons in a close vote of 51.9% to 48.1% chose to sever their 43-year-old ties with the EU. There are interesting issues about the development which merit attention. 
 First, why did the British people opt for an exit out of EU? It runs counter to the benefits free trade or principles of economics bring. However the primary reason it seems why people of <keyword id="11101" type="COUNTRY" weightage="80" keywordseo="Britain">Britain</keyword> have chosen to opt out is because of immigration from economically poorer states of the EU like Lithuania and Poland. Staying in Europe was considered to be a part of a trade-off between capital movement and movement of people. While being in EU did offer benefits regarding membership and the free flow of goods and services as well as ease of doing business it also brought in a lot of immigrants. That issue has resulted in people believing (mostly in the semi-urban and un-globalised areas) that as a whole they are better off exiting and renegotiating their position with EU rather than being a part of EU and staying on with the particular issues. 
 It bring us to the second related question of the likely impacts of the exit? The significant short-term effects are from the viewpoint of political security and economy. On the political side, the fallout has been the standing down of Prime Minister <keyword id="6430216" type="PERSON" weightage="80" keywordseo="David-Cameron">David Cameron</keyword> and an announcement by Scotland's first minister Nicola Sturgeon that a second vote on the independence of Scotland was now 'on the table'. It was post a 2014 referendum on Scotland where a majority voted 'no' to remain in the <keyword id="6361754" type="COUNTRY" weightage="60" keywordseo="United-Kingdom">United Kingdom</keyword> and not become an independent nation state. Also, other smaller fallouts relate to an online campaign to free London from Britain. It was because Britain and Scotland were placed in Britain where the majority seemed to favor remaining within the EU rather than exiting the EU. 
 
On the immediate economic and financial side, the pound sterling took a beating on the stock markets with it depreciating an astounding 11 percent against the dollar. Also, the value of the pound against the dollar reached a historic 31 year low. The major stock markets fell post the referendum as did major bank stocks including Lloyds down 30 percent, RBS down 34 percent and Deutsche Bank down 17 percent. 
 
It brings us to the final question on the long-term economic and societal consequences of <a href="http://www.businessinsider.in/searchresult.cms?query=Brexit&amp;sortorder=effectivedate">Brexit</a>. The last issue is the most important concerning future for people of Britain and members of EU? This can be broken down into two or three related aspects. The first is that if the lawmakers go ahead with the referendum verdict (which they most likely will), then they will take this issue up with EU under Article 50 of the Lisbon treaty which relates to exiting the monetary union. It will give Britain a two-year timeframe for exiting the monetary union. The extent to which the exit will be there will determine the future of Britain and its relationship with EU. If it opts out completely, then renegotiations with major countries/ the EU as a block will have to be redone. This will mean crucial time and money to be invested in resetting the rules of the governance and trade. 
 
The IMF in its survey on June 17 had foretold the negative impacts of Brexit. In had calculated two scenarios and mentioned that output could fall by 1.4 percent (from the baseline of staying in EU) in the limited scenario and by 5.6 percent (from the baseline of staying in EU) in the adverse scenario. The limited scenario was assumed to have trading conditions similar to what exists between EU and Norway, and the adverse scenario is seen having renegotiation and following trading rules of <a href="http://www.businessinsider.in/searchresult.cms?query=World+Trade+Organisation&amp;sortorder=effectivedate">World Trade Organisation</a>. However, the Bank of England has mentioned its strength in dealing with what seems like a likely economic and constitutional crisis. The future of the Britain appears to be full of uncertainty to the extent of being gloomy at present. 
 
(The article is co-authored with Sankalp Sharma, Senior Researcher at the Institute for Competitiveness, India. Amit Kapoor is Chair, Institute for Competitiveness &amp; Editor of Thinkers. Amit can be reached at amit.kapoor@competitiveness.in and tweets @kautiliya) 
 
<a href="http://economictimes.indiatimes.com/thumb/msid-52892610,width-600,resizemode-4,imglength-470082/markets/stocks/news/how-to-deal-with-the-impact-of-brexit-on-your-stocks/brexit-leave-afp.jpg">Image Source</a>

Brexit
and its Implications

<img class="gwt-Image" src="/photo/54675404.cms" style="height: 600px; width: 800px;" />Governor of Reserve Bank of India (<keyword id="30067" type="ORGANIZATION" weightage="20" keywordseo="RBI">RBI</keyword>) Urjit Patel cut repo rate by 25 basis points to 6.25%. Since 2015, the RBI has cut the repo rate by 1.50% and banks have reduced their lending rates by around 0.5%. 
 The six-member <keyword id="6375120" type="ORGANIZATION" weightage="20" keywordseo="monetary-policy-committee">Monetary Policy Committee</keyword> (MPC)-led by Patel took an accommodative stance to propel growth, keeping the target of 4% <keyword id="22195" type="COMPANY" weightage="20" keywordseo="Inflation">inflation</keyword> by 2018 in focus. Presently, the inflation is at 5% and is likely to hover around 5.3% during the rest of the financial year. 
 The RBI stated the accommodative stance of <keyword id="6357126" type="ORGANIZATION" weightage="20" keywordseo="monetary-policy">monetary policy</keyword> and comfortable liquidity conditions should support a revival of credit to the productive sectors. 
 
There was no change in liquidity stance. The neutral rate could be at 1.25%. 
 
The RBI said the investments and trade are weak and the international financial markets were overwhelmed by the Brexit vote. 
 
Meanwhile, the MPC is banking on strong improvement in sowing. It notes that the sharp drop in inflation reflects a downward shift in the momentum of food inflation – which holds the key to future inflation outcomes – rather than merely the statistical effects of a favourable base effect. 
 
Here are the reasons why Patel-led MPC cut rates: 
 
Improvement on inflation outlook: The MPC expects that the strong improvement in sowing, along with supply management measures, will improve the food inflation outlook. It notes that the sharp drop in inflation reflects a downward shift in the momentum of food inflation – which holds the key to future inflation outcomes – rather than merely the statistical effects of a favourable base effect. 
 
Liquidity conditions: The <keyword id="931605" type="UNKNOWN" weightage="20" keywordseo="repo-rate-cut">repo rate cut</keyword> will also ease liquidity conditions, thereby smooth transmission of the policy action through various market segments. 
 
Growth trajectory: The MPC envisages a trajectory taking headline CPI inflation towards a central tendency of 5 per cent by March 2017, with risks tilted to the upside albeit lower than in the second. 
 
International markets: Commodity prices have firmed up slightly, easing stress for commodity exporters and shaving off some of the terms of trade gains accruing to commodity importers. 
 
Services sector: The activity in Q1 was sustained and an increasing number of high frequency indicators moved into positive territory. 
Construction is boosted by policy initiatives, and public administration, defence and other services will be supported by the pay commission award.

Good news! EMIs to go down. 5 reasons why interest rates were cut

Mumbai, Rising crude oil prices along with widening <keyword id="113688" type="PERSON" weightage="20" keywordseo="trade-deficit">trade deficit</keyword> has elevated the <keyword id="10425910" type="UNKNOWN" weightage="20" keywordseo="depreciation-risk-level">depreciation risk level</keyword> for the Indian rupee during the upcoming week. Accordingly, other factors like failure of Brexit talks as well as changes in US Fed's stand might the <keyword id="2553808" type="PERSON" weightage="20" keywordseo="downside-risks">downside risks</keyword>. "We expect the rupee to trade strong till the time equity flows are robust," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities. Last week, foreign institutional investors pumped in over ₹15,000 crores into the equity markets. The inflow not just lifted equities but also swelled the Reserve Bank's forex reserves. "But, risks of depreciation are rising with crude oil prices rising above $50 a barrel and rising monthly trade deficit," Gupta said. "Brexit talks failure can also lead to some volatility in markets." The crude oil prices have been gaining during the week in anticipation of the FDA's potential approval of Pfizer's vaccine, as Asia's economic recovery is making Chinese and Indian refiners acquire more oil, and on rising geopolitical risks in the Middle East after Iraq had two wells hit. Besides, the preliminary trade data on November showed that India became a net importer in November 2020, with a trade deficit of $9.96 billion. "The dollar has been falling as we expected and now has reached near term support," said Devarsh Vakil, Deputy Head of Research at HDFC Securities. "We expect the rupee-dollar to correct after four weeks of appreciation and head towards 74 mark next week. The 73.4 mark remains strong support for the pair." According to Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services, said: "For the week, focus will be on inflation number; expectation is that the number could rise and that would further trim expectation of rate cut by the RBI." "For the week, we expect the USD-INR (Spot) to trade sideways to positive and quote in the range of 73.40 and 74.20." Next week, the National Statistics Office is slated to release the macro-economic data points of <keyword id="134096" type="COMPANY" weightage="20" keywordseo="consumer-price-index">Consumer Price Index</keyword> on December 14. It will also release <keyword id="9407451" type="COMPANY" weightage="20" keywordseo="the-wholesale-price-index">the Wholesale Price Index</keyword> on Monday. Additionally, Rahul Gupta, Head of Research-Currency at Emkay Global Financial Services, said: "Going ahead, the expectations of an additional US fiscal stimulus package along with the backdrop of more promising coronavirus vaccine development news will continue to support the risk-on environment." "While the dollar bulls will be on the sidelines ahead of next week's Fed policy. We expect the Fed to maintain a status quo however update the growth and inflation forecast along with a dovish stance." "But still there exist Brexit worries which may activate some dollar uptick. So unless the USD-INR spot doesn't consistently trade above 74, the trading range would continue to be 73.25-74. If 74 breaks then price can surge towards 74.20 zone." SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-irctc-hdfc-bank-tcs-tvs-motor-dalmia-bharat-ultratech-acc-ambuja-and-others/articleshow/79672813.cms">Top stocks to watch — IRCTC, HDFC Bank, TCS, TVS Motor, Dalmia Bharat, UltraTech, ACC, Ambuja, and others</a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-of-2020-in-india/slidelist/79675101.cms">Best smartphones of 2020 in India</a> <a href="https://www.businessinsider.in/india/news/reports-suggest-that-tata-adani-and-hinduja-group-are-interested-in-air-india-divestment-plan/articleshow/79675955.cms">Last date for Air India divestment plan nears — reports suggest that Tata, Adani and Hinduja Group are interested</a>

Depreciation risk rises for rupee, as oil prices soar

One of India's top broking house, India Infoline (IIFL), listed out its top picks for the new year 2020 based on certain assumptions about the factors that will play out and how they will impact the stocks in India. <table style="width: 169pt;"> <colgroup></colgroup><col /> <col /> <tbody><tr> <td class="xl69" style="height:15.0pt;width:69pt">Largecaps</td> <td class="xl70" style="border-left-width: initial; border-left-style: none; width: 100pt;">Midcaps</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Airtel</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">Cummins</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">L&amp;T</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">Gujarat Gas</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Maruti Suzuki</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">Ashok Leyland</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">SBI Life</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">Sudarshan Chemical</td> </tr> <tr> <td class="xl67" style="height: 15.75pt; border-top-width: initial; border-top-style: none;">ICICI Bank</td> <td class="xl68" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">Varun Beverages</td> </tr></tbody></table> "Indian equity markets may remain polarized (at least through first half of 2020) wherein select high quality stocks with earnings visibility may continue to command rich valuations," a recent report said. These are some of the highlights from the report listing out the possible factors that will move the market <ol><li>Pullback in US-China trade war and a decisive political mandate in the UK to manage Brexit deal is likely to alleviate global uncertainty around the demand environment. Further, easing trade tensions will help reverse the falling global trade volumes. As a result, global growth is expected to see expansion during the year 2020.</li><li>Given that 2020 is an election year for the US, Federal Reserve is likely to keep the interest rates low throughout the year. Thus, dovish monetary policy by the developed markets will keep the global liquidity at elevated levels for a considerable period of time.</li><li>Emerging markets such as India, may see strong foreign inflows due to high global liquidity coupled with improved optimism around the resolution of tariff wars. Thus, with ‘risk on’, 2020 could be yet another year of having upward trending global equity markets.</li><li>Key commodities might make a come back in 2020 on high global liquidity and revival in demand after US-China trade settlements.</li><li>On the domestic front, India’s growth scenario may remain challenging (in the first half of 2020) due to consumption slowdown. However, the economy may see green shoots of recovery as measures taken by the RBI and the Govt. are likely to bear fruits by second half of 2020.</li><li>The govt. might dare to loosen its purse string to boost consumption and revive private investments despite unavailability of fiscal space. Thus, fiscal situation is likely to remain stretched through 2020 and will force the Govt. to push through hard reforms.</li><li>Despite stretched fiscal condition, Rupee may not feel significant pressure due to ebbing of external risks (easing trade war, hope of smoother Brexit and dovish view of US Fed). Moreover, benign trade deficit and healthy FDI flows will continue to aid rupee.</li><li>Indian bond yields too may not see significant upside due to RBI’s strong intent to normalize the yield curve through active OMOs.</li></ol>SEE ALSO:<div type="Article" hostid="261" msid="73046703" title="Top stocks to buy in 2020, recommended by experts" mstype="2" mssubtype="0"></div>

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<div type="Article" hostid="261" msid="73034743" title="Toons tell the top stories of 2019 ⁠— with a dash of sarcasm" mstype="2" mssubtype="0"></div>

Here's why Airtel, ICICI Bank, L&T, and Maruti Suzuki are among IIFL's top picks this new year

Equity benchmark <keyword id="53232" type="COMPANY" weightage="20" keywordseo="BSE-sensex">BSE Sensex</keyword> rose over 100 points on Tuesday led by gains in index heavyweights HDFC twins, HUL, TCS and RIL, amid sustained foreign fund inflow. The 30-share index was trading 101.53 points, or 0.27 per cent, higher at 38,316 at 0930 hours. Similarly, the broader NSE Nifty rose 25.75 points, or 0.23 per cent, to 11,366.90. HUL was the biggest gainer in the Sensex pack, rising over 1 per cent, after the FMCG major reported a 21.18 per cent rise in standalone net profit at Rs 1,848 crore for the quarter ended on September 30. Other gainers included Sun Pharma, TCS, <keyword id="141968" type="DOMAIN" weightage="20" keywordseo="HCL-Tech">HCL Tech</keyword>, ONGC, Hero MotoCorp, Axis Bank, <keyword id="106317" type="DOMAIN" weightage="20" keywordseo="Asian-Paints">Asian Paints</keyword>, HDFC duo, ITC and RIL, gaining up to 1 per cent. While, Infosys, Vedanta, <keyword id="42747" type="DOMAIN" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword>, <keyword id="6354287" type="DOMAIN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword>, Tata Steel and IndusInd Bank fell up to 2 per cent. In the previous session on Monday, the BSE barometer closed 87.39 points, or 0.23 per cent, higher at 38,214.47, while the Nifty moved up 36.10 points, or 0.32 per cent, to 11,341.15. Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing Rs 895.63 on Monday, while domestic institutional investors sold shares worth Rs 425.15 crore, data available with stock exchange showed. Despite sustained foreign fund inflow, domestic investors were cautious after the release of inflation data, traders said. Retail inflation climbed to a 14-month high of 3.99 per cent in September due to costlier vegetables and pulses but still remained within the RBI's comfort zone, government data showed on Monday. The Consumer Price Index-based inflation stood at 3.28 per cent in August and 3.70 per cent in the September 2018. The previous high was 4.17 per cent in July 2018. However, the wholesale inflation in September slipped to an over three-year low of 0.33 per cent. "While the decline in the core inflation provides some comfort, the unexpectedly sharp jump in the September 2019 CPI inflation has pushed up the likelihood of a pause in the next Monetary Policy Committee (of RBI) review, unless the headline retail inflation recedes sharply in the ongoing month," Principal Economist with ICRA Aditi Nayar said. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a cautious note as Britain and the European Union on Monday began key talks to determine if they are still on course to reach amicable terms for Brexit. Exchanges on Wall Street ended in the red on Monday. The rupee, meanwhile, depreciated 6 paise against its previous close to trade at 71.30 in early session. Brent futures, the global oil benchmark, fell 0.78 per cent to USD 58.89 per barrel.

Sensex gains 100 points as FIIs buy in and domestic investors keep up their selling spree

The Indian <keyword id="6355302" type="UNKNOWN" weightage="20" keywordseo="Rupee">rupee</keyword> opened 5 paise higher at 71.38 against the US dollar in early trade on Thursday tracking positive opening in domestic equities and foreign fund inflows. Forex traders said rupee was trading in a narrow range as market participants remained cautious ahead of the Brexit summit scheduled later this week and on the domestic front, the RBI meeting minutes that will be released on Friday. At the interbank foreign exchange, the rupee opened on a positive note at 71.38 then lost momentum and fell to 71.47 against the US dollar, showing a decline of 4 paise over its previous closing. The Indian rupee on Wednesday had closed at 71.43 against the US dollar. The local unit however gained some strength and was trading at 71.39 against the US dollar at 0953 hours. Forex traders said gains in domestic equities, foreign fund inflows, easing crude prices and optimism about the US-China trade deal supported investor sentiments. Domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 47.33 points higher at 38,646.32 and Nifty up by 3.75 points at 11,467.75. Foreign institutional investors (FIIs) purchased shares worth Rs 686.33 crore on Wednesday, according to provisional exchange data. The dollar index, which gauges the greenback's strength against a basket of six currencies, was unchanged at 97.99. Crude oil benchmark, Brent Futures, eased 0.69 per cent to USD 59.01 per barrel. Meanwhile, on the global front, US President <keyword id="6354484" type="PERSON" weightage="20" keywordseo="Donald-Trump">Donald Trump</keyword> on Wednesday said the partial trade deal agreed with <keyword id="1334" type="LOCATION" weightage="20" keywordseo="China">China</keyword> last week is now being formally put on paper. On Friday last week, Trump said that the US has reached a "very substantial" Phase 1 trade deal with China. Echoing his words, China on Tuesday had asserted that it was on the "same page" with the US on trade as it confirmed that the two countries are likely to sign a "phase one agreement" soon to end their trade war. "It (the deal) hasn't been papered yet, but it is being papered," Trump told reporters at the <keyword id="6356037" type="LOCATION" weightage="20" keywordseo="white-house">White House</keyword>. The 10-year government bond yield was at 6.46 per cent in morning trade.

Rupee opens 5 paise higher at 71.38 vs USD in early trade

Mumbai, Dec 16 () The rupee reversed all its early gains and settled 17 paise down at 71.00 against the US currency on Monday, following rising crude oil prices and fag-end selling in domestic equities.
Forex traders said the rupee ended the day in the negative territory after inflows related to Essar steel got completed.
At the interbank foreign exchange market, the rupee had opened at 70.80 against the US dollar. Later, the local unit lost ground and fell to the day's low of 71.03.
The domestic unit finally settled at 71.00, registering 17 paise decline over the previous closing. On Friday, the rupee had settled at 70.83 against the American currency.
"Indian rupee declined after strengthening to the highest level since September as inflows related to Essar steel completed. Rupee should weaken from here on expectation of hedging dollar demand from importers.
"Domestic Economic data are coming weaker and requires multiple steps to back on growth track," said V K Sharma, Head - PCG &amp; Capital Market Strategy, HDFC securities.
In near term, spot USD/INR has support at 70.29 and resistance at 71.24, the 200 and 50 days simple moving average respectively, he added.
On the domestic market front, the BSE benchmark Sensex closed 70.99 points, or 0.17 per cent, down at 40,938.72. Similarly, the broader NSE Nifty slipped 26 points, or 0.22 per cent, to end at 12,060.70.
Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 115.70 crore on Friday, exchange data showed.
"Strong flows along with RBI's interventions have helped the INR in recent weeks though world-wide events, mainly Brexit and the sudden show of camaraderie between US and China, could lend some relief rally strength to the USD as the new year starts," said Rajesh Cheruvu, Chief Investment Officer, Validus Wealth.
Forex traders said weak macro economic numbers also weighed on the domestic unit.
Rising food prices pushed the retail inflation in November to over three-year high of 5.54 per cent, while the industrial sector output shrank for third month in a row by 3.8 per cent in October.
Brent futures, the global oil benchmark, rose 0.09 per cent to USD 65.28 per barrel.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 97.02.
The 10-year government bond yield was at 6.78 per cent on Monday.
The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.7178 and for rupee/euro at 78.9748. The reference rate for rupee/British pound was fixed at 95.2767 and for rupee/100 Japanese yen at 64.53. DRR BAL

Rupee settles 17 paise down at 71 vs US dollar

<ul><li>Indian two-wheeler major TVS Motor announced the acquisition of Norton Motorcycles via a Singapore-based subsidiary at the height of the ongoing novel coronavirus crisis worldwide. </li><li>The deal may remind one of the $2.3 billion acquisition of the then cash-strapped Jaguar Land Rover by Tata Group in June 2008, a few months before the global financial crisis exploded with the crash of Lehman Brothers. </li><li>Both Tata Motors (in 2008) and TVS Motor (now), saw their respective deals as a marker for their prominence in the global arena. </li><li>Pride, price, and potential may have driven TVS Joint Managing Director Sudarshan Venu to pick up Norton. However, investors will hope that he has considered the context and chronicles.</li></ul>One is known for its cars and trucks, the other is known for its two-wheelers and autorickshaws but both TVS Motor and the Tata Group seem to like a good deal in the UK even if it is in times of a crisis. Indian two-wheeler major TVS Motor announced <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/43211357-97f8-4319-a40e-00ec88bf46a9.pdf" data-type="tilCustomLink" target="_blank">the acquisition of Norton Motorcycles</a> via a Singapore-based subsidiary at the height of the ongoing novel coronavirus crisis worldwide. The deal may remind one of the $2.3 billion acquisition of the then cash-strapped <a href="https://www.tatamotors.com/press/tata-motors-completes-acquisition-of-jaguar-land-rover/" data-type="tilCustomLink" target="_blank">Jaguar Land Rover (JLR) by Tata Group in June 2008</a>, a few months before the global financial crisis exploded with the crash of Lehman Brothers. <div type="image" title="TVS Motor share price." msid="75218088" hostid="261" caption="&amp;lt;p&amp;gt;TVS Motor share price chart.&amp;lt;/p&amp;gt;"></div> Both Tata Motors (in 2008) and TVS Motor (now), saw their respective deals as a marker for their prominence in the global arena. "This will be one of the most interesting acquisitions of a storied motorcycle maker in recent times and will reflect TVS Motor Company’s and India’s rapidly rising prominence in the international two-wheeler market," a company statement said on April 17, 2020. <div type="image" title="Bengaluru: TVS Motor Company Chairman Venu Srinivasan speaks during the launch o..." msid="75217804" hostid="261" caption="&amp;lt;p&amp;gt;TVS Motor Company Chairman Venu Srinivasan speaks during the launch of the TVS iQube electric scooter, in Bengaluru.Photo/Shailendra Bhojak) (&amp;lt;/p&amp;gt;"></div> Norton Motorcycles was born in 1898, <a href="http://nortonmotorcycles.com/company/history/" data-type="tilCustomLink" target="_blank">founded by James Lansdowne Norton</a>, in Birmingham and is among the most popular British motorcycle brands of all time with a product mix ranging from classic models to an eclectic range of luxury motorcycles including super-bikes. <div type="image" title="Norton_Dominator_650SS" msid="75217860" hostid="261" caption="&amp;lt;p&amp;gt;Norton_Dominator_650SS 1968. Source: Wikimedia Commons&amp;lt;/p&amp;gt;"></div> Pride, price, and potential may have driven TVS Joint Managing Director Sudarshan Venu to pick up Norton. However, investors will hope that he has considered the context and chronicles. <div type="image" title="venu" msid="75217892" hostid="261" caption="&amp;lt;p&amp;gt;Sudarshan Venu Joint Managing Director TVS Motor Company at the launch of TVS Apache RR 310 in Chennai. 2017, Credits: BCCL&amp;lt;/p&amp;gt;"></div> <table style="width: 607pt;"> <colgroup></colgroup><col /> <col /> <col /> <tbody><tr> <td class="xl65" style="height:15.0pt;width:89pt">Parallels</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 247pt;">Tata Motors' acquisition of JLR</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 271pt;">TVS Motos' acquisition of Norton </td> </tr> <tr> <td class="xl67" style="height: 45.75pt; border-top-width: initial; border-top-style: none; width: 89pt;">Product and factories</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 247pt;">Both “Jaguar” and “Land Rover” were still “great brands with advanced manufacturing units unlike Tata Motors</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 271pt;">Norton is still an iconic brand and is known for premium motorcycles.</td> </tr> <tr> <td class="xl67" style="height: 30pt; border-top-width: initial; border-top-style: none; width: 89pt;">Timing</td> <td class="xl65" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">The acquisition came just before the global financial crisis exploded</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 271pt;">The deal was struck at the height of the coronavirus pandemic</td> </tr> <tr> <td class="xl67" style="height: 30pt; border-top-width: initial; border-top-style: none; width: 89pt;">Post-deal scenario</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 247pt;">Sales plunged in the wake of the 2008 crisis and JLR turned profitable only in 2010-11</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 271pt;">Sales are likely to be slow even in the post-Covid world and the rest is too soon to predict</td> </tr> <tr> <td class="xl67" style="height: 45pt; border-top-width: initial; border-top-style: none; width: 89pt;">Health of the acquirer</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 247pt;">Tata Motors was profitable at the time and had a healthy balance sheet but the company ended posting a loss right after acquisition. JLR's metal mostly came from Corus which was also owned by Tatas.</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none; width: 271pt;">TVS Motor has a weaker balance sheet compared to its peers right now with an estimated debt of ₹1800 crore, according to Kotak Institutional Equities and a market cap of ₹14,000 crore.</td> </tr></tbody></table>TVS has promised to help Norton "regain its full glory", just like the Tata group turned around JLR and ran it profitable for about six straight years before the markets turned for the worse. <div type="image" title="BI152" msid="75217951" hostid="261"></div><div type="Article" hostid="261" msid="73044706" title="Jaguar Land Rover is staring at a sales ‘hattrick’ it didn’t want" mstype="2" mssubtype="0"></div> Since 2010, when JLR turned profitable for the first time since its acquisition, Tata Motors has invested about £25 billion in the company generating a profit of £7.9 billion, and free cash flow of £1.3 billion, according to research by BloombergQuint in February 2020. JLR has been struggling for about two years now and <a href="https://www.businessinsider.in/business/news/coronavirus-sp-downgrades-tata-motors-ratings-outlook-stable/articleshow/74958763.cms" data-type="tilCustomLink" target="_blank">the future doesn't look very exciting either</a>. <div type="image" title="Mumbai: Rohit Suri, President and Managing Director, Jaguar Land Rover India Ltd..." msid="75217869" hostid="261" caption="&amp;lt;p&amp;gt;Rohit Suri, President and Managing Director, Jaguar Land Rover India Ltd (JLRIL) during the launch of new Land Rover Discovery Sport at Mumbai Port Trust.Photo)(&amp;lt;/p&amp;gt;"></div> It is not necessary that the future of JLR and Norton be similar. However, aside from the quirks specific to the company and the product it sells, there are a couple of broader, contextual factors that are common for both British brands, and they impact the prospects of their owners, Tata Motors and TVS Motor respectively. The uncertainty of a post-Covid world has dwarfed the debilitating risks of Brexit, which was a significant threat by itself, is common for both the Tata Group and the Venu family. TVS has its own issues to deal with too. "We have cut our earnings estimates by 16-35% for FY2020-22.. and cut our fair value to Rs240 (from Rs350 earlier)," a Kotak Institutional Equities report said in April 2020 projecting a fall in sales in India due to the Covid-19 outbreak and sharp rise in costs due to the roll out for more stringent emission norms called BS-VI. Kotak set the target price for the stock at Rs 240 compared to Friday's closing of about Rs 300. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hindustan-ambassador-has-been-redesigned-into-a-swanky-electric-car-by-dilip-chhabria-dc2design/articleshow/74966143.cms" data-type="tilCustomLink" target="_blank">Good ol’ ambassador has been redesigned into a swanky electric car</a> <a href="https://www.businessinsider.in/business/news/strongly-support-measures-announced-by-rbi-to-revive-economy-tvs-motor/articleshow/75199047.cms" data-type="tilCustomLink" target="_blank">Strongly support measures announced by RBI to revive economy: TVS Motor</a> <a href="https://www.businessinsider.in/business/auto/article/hero-moto-share-price-is-at-a-six-year-but-exports-karizma-and-xtreme-sports-can-help/articleshow/74190134.cms" data-type="tilCustomLink" target="_blank">Hero Moto share price is near a six-year low because of its Indian, middle class obsession</a>

TVS Motor and the Tata⁠ Group have something in common— the lure of struggling British icons

<img class="gwt-Image" src="/photo/53226416.cms" /> <keyword id="897477" type="UNKNOWN" weightage="100" keywordseo="India-Office-Market">India office market</keyword> remained strong in the second quarter of 2016, with 10.4 million sq ft of <keyword id="1632341" type="UNKNOWN" weightage="100" keywordseo="Office-absorption">office absorption</keyword> adding to about 19.2 million sq ft Year-to-date (YTD). 
 
The percentage for this increase in office absorption was 18% increase QoQ, in which Bangalore turned out on the top place, contributing a 30% share. The start-up capital of the country was followed by NCR (21%), Hyderabad (20%), Chennai (15%), Mumbai (8%), Pune (5%) and Kolkata (1%) in the list. 
 Out of the leading transactions, a major one was <keyword id="3495922" type="UNKNOWN" weightage="100" keywordseo="TCS-expansion">TCS expansion</keyword>, because of which it leased over 4,00,000 sq ft in Noida and 3,75,000 sq ft in Bengaluru. Similarly, IBM and Value Labs expanded their footprint in Hyderabad, and took about 3,00,000 sq ft and 2,20,000 sq ft of space on lease, respectively, in the Western suburbs, thus contributing to the rise in office absorption. 
 
Talking of Noida, leading mobile manufacturers like Vivo Mobile and Oppo Mobile contributed in its newfound position as an Electronic manufacturing hub. While Vivo took up 2,50,000 sq ft of space there, Oppo took up 1,60,000 sq ft. 
 
"At the macro economy level, couple of concerns were raised in Q2 2016, such as uncertainty in direction of monetary policy on account of recent change in leadership at RBI and international happenings such as BREXIT. Although, both these changes were unexpected, the impact on the business outlook in India is likely to be miniscule. However, in last couple of months, increased input costs contributed to the softer growth rate recorded in manufacturing production and services activity. Owing to this, we ought to alter our strong outlook for office market a little and expect marginal improvement in leasing activities for rest of the year. New supply is likely to remain restricted in most of the cities which will put an upward pressure on asking rents in preferred micro markets", Surabhi Arora, Senior Associate Director of Research at Colliers India, told <a href="http://economictimes.indiatimes.com/industry/services/property-/-cstruction/office-absorption-records-18-jump-qoq-colliers-report/articleshow/53224358.cms">ET</a>. 
 
<a href="http://www.hocacapital.com/wp-content/uploads/2015/07/modern-new-office-building-1920x1080.jpg">Image source</a>

Office absorption jumps 18% QoQ, Bangalore tops the charts

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/57a9c6e7db5ce954008b57c4-800/screen shot 2016-08-09 at 8.04.19 am.png" alt="Screen Shot 2016 08 09 at 8.04.19 AM" data-mce-source="Investing.com" data-link="http://www.investing.com/" /><a href="http://www.investing.com/">Investing.com</a></div></div></div>India's central bank made its last policy decision under Raghuram Rajan.The Reserve Bank of India held rates at 6.50%, as economists were expecting. It added that there is upside risk to the inflation target.The Indian rupee is little changed at 66.876 per dollar as of 8:20 a.m. ET."We managed to move the needle forward a little bit," Rajan said at the following press conference."Snap judgments either by critics or supporters don't really matter. What matters is how these [measures] play out in the longer run for stronger and sustainable growth for the country, for job creation, movement into middle income," he added, according to the <a href="http://timesofindia.indiatimes.com/business/india-business/RBI-governor-Raghuram-Rajan-I-have-enjoyed-every-minute-of-my-job/articleshow/53614671.cms">Times of India</a>."That is something you can see only with the benefits of 5-6 years of experience and to know whether it was appropriate. In our view, the measures that we have taken in the RBI were and are justified given the condition that we have."Earlier in June, it was announced that Rajan would not be seeking another term, reportedly due to the fact that he "increasingly felt he lacked support from is political bosses," <a href="http://www.businessinsider.com/r-indian-central-bank-chief-felt-undermined-in-weeks-before-quitting-sources-2016-6">according to Reuters</a>. Given that Rajan is an extremely respected figure on the global stage, and is <a href="https://next.ft.com/content/303263ae-35dc-11e6-9a05-82a9b15a8ee7">credited</a> with restoring India's macroeconomic stability, news of his departure somewhat <a href="http://www.businessinsider.com/fx-markets-june-20-2016-6">unnerved</a> investors.As for the rest of the world, it's pretty quiet out there.Here's the scoreboard as 8:07 a.m. ET.<ul><li>The British pound is weaker by 0.5% at 1.2975 against the dollar. This is the first time the currency has slipped below 1.3000 since <a href="http://www.businessinsider.com/sterling-movements-on-tuesday-august-8-2016-8">early July</a>. Earlier in the day, data showed that manufacturing production fell 0.3% month-over-month in June, below expectations of 0.2%.</li><li>The Japanese yen is stronger by 0.2% at 102.27 per dollar</li><li>The US dollar index is little changed at 96.42 ahead of another light economic data day. Wholesale inventories will cross the wires at 10 a.m. ET.</li><li>The Australian dollar is stronger by 0.2% at .7663 per dollar</li></ul> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/flotilla-battle-eu-referendum-brexit-farage-geldof-britain-2016-6">Brexit campaigners take to the water in bizarre flotilla battle</a></h3> <div> <div> <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="1zMjA2NDE6KWRhQ7AkAfrJsvgsQF9b2M" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> <script> if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '1zMjA2NDE6KWRhQ7AkAfrJsvgsQF9b2M',{ autoplay: 'false' }); }); </script> <noscript><div>Please enable Javascript to watch this video</div></noscript></div> </div> <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script> </div>

You Searched For "Rbi Brexit" and got 15 results

Calm down, says Raghuram Rajan! RBI is prepared for Brexit impacts

BI India Bureau

No doomsday for Dalal Street: Here’s how Modi Cabinet helps Indian markets during crisis

BI India Bureau

Raghuram Rajan pitches for longer tenure for RBI Governor, says three years is short

BI India Bureau

It’s a BREXIT! This is how India gets impacted

Debdatta Das

Bloodbath in the Indian markets as Brexit causes panic

BI India Bureau

Brexit and its Implications

Amit Kapoor

Good news! EMIs to go down. 5 reasons why interest rates were cut

Akanksha Jain

Depreciation risk rises for rupee, as oil prices soar

IANS

Here's why Airtel, ICICI Bank, L&T, and Maruti Suzuki are among IIFL's top picks this new year

BI India Bureau

Sensex gains 100 points as FIIs buy in and domestic investors keep up their selling spree

PTI

Rupee opens 5 paise higher at 71.38 vs USD in early trade

PTI

Rupee settles 17 paise down at 71 vs US dollar

PTI

TVS Motor and the Tata⁠ Group have something in common— the lure of struggling British icons

Sriram Iyer

Office absorption jumps 18% QoQ, Bangalore tops the charts

BI India Bureau

We managed to move the needle forward a little bit

Elena Holodny