Last quote about Rupee

We're expecting, over the course of this year, the rupee, the yen and the euro to all have a fairly good year. That's going to up the cost of living in those cities. On the other hand, currencies we think are going to struggle – including those in Brazil, South Africa, (South) Korea, Indonesia and China – those places we expect the cost of living is going to come down.
Mar 21 2017
You can find on this page a variety of quotes, by one or many people, on what they said about Rupee. 25 people are quoted and you can read 43 citations of them about Rupee. Fawad Khan, Hammad Aman and Ravi Karunanayake, are those who have spoken the most about this topic. Fawad Khan said: “Basically, the market was looking for some clarity around this political impasse; fortunately the Supreme Court provided a face-saver by giving a middle-ground for both the PTI and the government.”.
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Charles Hayter

Bitcoin is a sanctuary in emerging markets where knee jerk policy reactions are commonplace - India's move on high value bank notes is just the latest in a string of poorly communicated & executed judgments.

Amanda Gilbertson

The queues at banks are insane and nobody had any cash. 100 rupee notes have suddenly become very precious. Lots of shops are closed. I was at a cafe today that had no food. This country runs on cash.

Mihir Kapadia - Sun Global Investments

Short term money market rates could fall very sharply as the supply of cash in the money markets increases significantly. This move is also very positive for the Indian rupee.

Narendra Modi

Terrorism is a frightening threat. So many have lost their lives because of it. But have you ever thought about how these terrorists get their money? Enemies from across the border run their operations using fake currency notes. This has been going on for years. Many times, those using fake five hundred and thousand rupee notes have been caught and many such notes have been seized.

Surendra Mehta

Significant amounts of demand for gold used to get generated (by) unaccounted wealth. Since such unaccounted money is set to lose value after the scrapping of 500 rupee and 1,000 rupee notes, demand for gold will also drop.

Nandalal Weerasinghe

With the remittances coming in, the trend will get reversed in December.

Indrajit Coomaraswamy

The sale of the Hambantota port where the country will get a billion dollar is particularly helpful. This should help to stabilise both the currency and the domestic interest rates.

Fawad Khan

Basically, the market was looking for some clarity around this political impasse; fortunately the Supreme Court provided a face-saver by giving a middle-ground for both the PTI and the government.

Sunil Kashyap - Scotiabank

If stability of the rupee continues and gold prices are stable, then we can expect positive trends. But any kind of volatility could hamper gold.

Irene Cheung - Australia and New Zealand Banking Group
Rini Sen - ANZ

A firmer dollar on the back of an expected hike by the Federal Reserve this year, coupled with some unwinding of RBI rate cut expectations in India's asset markets, will likely see a rebound in dollar/rupee.

Radhika Rao

The perception is that he is hawkish but he has room to manoeuvre.

Kenneth Akintewe

All investors, both foreign and domestic, should take comfort in the fact that there will be policy continuity. Nevertheless, some of the dovish sentiment that had crept into the market will likely be re-priced given that Dr Patel is viewed as being more hawkish, therefore yields could corrects lightly higher in the near term.

Fawad Khan

Investors remained on the sidelines on outflow of foreign funds to the tune of $7.5 million in the last session.

Fawad Khan

The cement and fertilizer sector led the market to fall on Friday amid rumors of abolishing duty from imported cement and government decision to reduce urea prices by over a quarter to combat glut.

Fawad Khan

Mainly outflow of foreign funds in the last session to the tune of $9.2 million and profit-taking led the market to fall 286 points.

Fawad Khan

Market witnessed more of a consolidation above the 40,000 level as the results season continues.

Fawad Khan

Index achieved a new milestone, supported by strong results season and rising international crude prices.

Hammad Aman

Rising global crude prices mainly led the index, which made an intra-day high of 40,083.

Hammad Aman

Bankings stocks performed on the day, which led the market to close at an all-time high.

Fawad Khan

Positive foreign portfolio investments since the last few sessions, plus some stability on the political front led the market to reach a new high.

Fawad Khan

Consolidation phase continued from the last sessions on Friday. The market is awaiting some kind of direction and some trigger.

Fawad Khan

Market continued to witness consolidation for the second session, profit-taking was seen in oil and gas stocks.

Fawad Khan

Consolidation was observed today after the market closed at an all-time high in the previous session.

Fawad Khan

Market witnessed a net foreign portfolio inflow of $1.4 million rupees in the last session. Similarly, sentiment was also positive on earnings season.

Fawad Khan

The market witnessed profit-taking and consolidation ahead of the result season due next week, with investors keeping to the sidelines.

Fawad Khan

The wait for earnings season to begin has kept investors on the sidelines.

Fawad Khan

Volumes were quite low today. With no particular activity apart from the refinery stocks, it is expected that activity will pick up with the earnings season likely to start next week.

Hammad Aman

After gaining for five consecutive days, high volatility was observed today and the market closed down.

Fawad Khan

Profit-taking was seen in the session and the upcoming weekend led the market to close down.

Fawad Khan

Increase in sales numbers in the auto sector led the market to close higher along with cement and banks, which also performed on the day.

Imran Ali

Bullish momentum was witnessed with supplementary supportive news of tax rebate benefiting shariah-compliant companies.

Jim Yong Kim - World Bank Group

If prices in poor countries are lower, their currencies are stronger in purchasing power terms: the Kenyan shilling or the Indian rupee buy more (in their respective countries) than we used to think, relative to what one dollar buys in the United States.

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