Tweet Buster: D-Street is saying something on rupee rout, CAD checks
As the rupee took a tumble and stocks kept sliding, current account deficit became the buzzwords.
As the rupee took a tumble and stocks kept sliding, current account deficit became the buzzwords.
For Dalal Street biggies, the rupee's continuous slide was interestingly not much of a talking point on Twitter, save for one – Samir Arora.
Probably, the domestic unit may have to try a little harder to grab the attention of others. It fell to almost 73-level against the US dollar during the week.
Arora, as usual, had some wit and sarcasm to throw around, but also had some interesting insights to offer.
Investor: I am having a great time. All my stocks are up. Why should I care about what is happening to currency? Fr… https://t.co/XsWDnDTdXS
— Samir Arora (@Iamsamirarora) 1536555253000All people who, according to govt, were doing round tripping (ie. already had money abroad in foreign currency and… https://t.co/04mfMX8hZU
— Samir Arora (@Iamsamirarora) 1536738725000Quiz: What is reversing faster? 1. INR 2. TV Anchors
— Samir Arora (@Iamsamirarora) 1536746080000Without comment: May 1981: USD 1= 672 KRW Today: USD 1=1129 KRW down 40.4% against USD May 1981: USD 1= 8.5 INR To… https://t.co/bqD491WQqv
— Samir Arora (@Iamsamirarora) 1536559154000Sandip Sabharwal also shared his views on the falling rupee. Those of you who are worried about the rupee's fall and wonder what the government is doing, read these.
So the "TV" Expert logic for falling INR is widening #CAD How about Chinese Yuan's 10% fall, the country with the l… https://t.co/MZkzyrBRlA
— sandip sabharwal (@sandipsabharwal) 1536594207000Read a few #Armchair economists views post today's extremely comfortable #CPI report of 3.69%. Weirdly most are cal… https://t.co/meLAIWprKi
— sandip sabharwal (@sandipsabharwal) 1536765387000Sabharwal had a piece of mind to offer to the government on its plans to check CAD and bail out Air India. Sabharwal points out that the government's ‘Make in India’ campaign was responsible for the rising current account deficit, as this scheme soon became 'import from China'.
The casual attitude of the Government in actually implementing #MakeinIndia is responsible for the spike in… https://t.co/egN61ZjPfJ
— sandip sabharwal (@sandipsabharwal) 1536566299000India's trade deficit with China 2007 $16 billion 2014 $ 38 billion 2017 $62 billion Actual will be greater due to… https://t.co/Bg2IPQe3HP
— sandip sabharwal (@sandipsabharwal) 1536630071000Restricting "Non Essential" Imports to control the Current Account Deficit is a ridiculous idea. It's sort of commu… https://t.co/RPdGWmGTEj
— sandip sabharwal (@sandipsabharwal) 1536981105000He also slammed the disastrous handling of the Air India account and called for a stop to any bailout for the state-owned carrier.
#AirIndia has already gobbled up Rs 28175 Crs out of the Rs 30231 Cr bailout given in 2012. Now they want Rs 11000… https://t.co/kYoqO45DvX
— sandip sabharwal (@sandipsabharwal) 1536590717000Shyam Sekhar, Chief Ideator and Founder, ithought, made a few thoughtful observations that may help become better investors.
The greatest harm to individual, independent investing comes from the annual report writing Biz. For a few lakhs,… https://t.co/m0kVGtwqRZ
— Shyam Sekhar (@shyamsek) 1536542287000That feeling of contentment when you bought enough of a stock is priceless. You got what you set out for. Positio… https://t.co/An2uPEHr3U
— Shyam Sekhar (@shyamsek) 1536806406000The problem with the smartest math is it can never capture a deep paradigm shift. Yet, we hammer away feverishly at… https://t.co/qeq9dR7b6i
— Shyam Sekhar (@shyamsek) 1536841339000To the public eye, only successes of marquee investors are visible. It is failure that made them who they are.… https://t.co/iiTTG5zu3l
— Shyam Sekhar (@shyamsek) 1536979889000Q2 will see a bloodbath in aviation company numbers. This typically exemplifies how western thinking won't work i… https://t.co/F6EWOKWpeZ
— Shyam Sekhar (@shyamsek) 1536632071000And, finally these tips from Sekhar will definitely tickle your grey cells and make you think.
Happy reading!
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