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India less vulnerable to external shocks

NEW DELHI: Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor’s Rating Services said on Tuesday. The US-based rating agency expects the current account...
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Rupee plunges to 28-month low amid global turmoil

Hit by global growth concerns, the rupee on Wednesday crashed below the 68-level after 28 months and closed 23 paise down at 67.95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets. A forex dealer said that persistent foreign capital...
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Sikka on why Indians shouldn’t worry about jobs

With a new World Economic Forum study warning about a net loss of over five million jobs in next five years because of the fourth industrial revolution, IT giant Infosys CEO Vishal Sikka on Wednesday said there are huge employment opportunities in India but there is a need...
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Current account deficit to narrow to 0.5% of GDP

India’s current account deficit may narrow to 0.5 per cent of GDP in 2016 from 0.7 per cent in 2015 owing to lower commodity prices, particularly oil, says a report. “Given lower oil prices, we expect the current account deficit to narrow to 0.5 per cent of GDP...
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This Is What A Financial Crisis Looks Like

Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly.  Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. ...
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The Chinese Gold Market Essentials Guide

Everything there is to know about the Chinese gold market and the true size of Chinese private and official gold demand. Start here. Topical data such as monthly Chinese gold import numbers will not be updated in the Chinese Gold Market Essentials, however, this data will be published in new...
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