Morgan Stanley says 35% chance of Sensex hitting 16,000

Morgan Stanley says 35% chance of Sensex hitting 16,000

Mumbai:Morgan Stanley says RBI’s cash tightening measures last month have made Indian shares much more vulnerable to global cues, especially the expected tapering of U.S. monetary stimulus.”As RBI’s moves echo into the economy, we believe that share prices in India are likely to fall led by banks,” Morgan Stanley said in a note dated Wednesday.Morgan […]

Rupee slips to 61.45, support measures awaited

Rupee slips to 61.45, support measures awaited

Mumbai:The rupee resumed its descent on Wednesday to move within sight of a record low hit a day earlier, with policymakers set to discuss fresh measures to defend the worst performing Asian currency of the year so far.Financial sector regulators, including Raghuram Rajan, who was on Tuesday appointed to take over next month as governor […]

1 15 16 17