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MECKLAI FINANCIAL SERVICES
Rupee falls amidst gulf tensions and rising oil pricesThe Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subse...- Dollar demand, FPI outflows, oil prices to weigh on rupeeThe Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil imp...
- We are unlikely to see a rate cut soon: Jamal MecklaiPeople who have sterling exports could try to ride the market a little bit, says Mecklai.
- Failure of BJP in state elections seems to have been taken as a positive: Jamal MecklaiNobody ever knows what is going to happen to any market, says Mecklai.
- Jamal Mecklai on rupee, oil price and his reading of RBI meet outcomeFM and RBI are not friends, they have kicked the can down the road, says Mecklai
- Rupee falling to 70 is not the end of the world: Jamal Mecklai“God! It is 70. It is not that big a deal! RBI has got plenty of reserves.”
- Move towards the exit the longer and higher the market goes up: Jamal Mecklai“The market is much smarter than anybody and one day it is going to turn. I do not know when”
- India looking good on macro level: Jamal Mecklai of Mecklai Financial ServicesGDP numbers are unlikely to be dramatically different than what people are talking about.
- We need to acknowledge that there will be much more volatility: Jamal Mecklai, CEO, Mecklai Financial ServicesIt is time for RBI to allow people, let us say mutual funds and insurance companies and primary dealers to access the market, said Jamal Me...
- This is not the time to take risks: Jamal Mecklai, Mecklai Financial ServicesWe in India will be perhaps a little better off even though you cannot hide from the global environment.
- EM currencies have been an easy hit, Argentina a trigger: Jamal MecklaiVolatility was very low. So there is a sign that at some point, it is going to turn, some little trigger is needed.
- AAP seems to be future of politics in India: Jamal Mecklai, Mecklai Financial Services'Obviously, this rally is BJP-driven. But according to the sentiment, everybody is really excited about something new, finally.'
- Current market optimism is a knee-jerk reaction to exit polls: Jamal Mecklai"I do not think the rupee will strengthen dramatically, since for that to happen, you need structural change, which does not happen overnig...
- RBI needs to cut rates drastically to spur growth: Jamal Mecklai, Mecklai Financial Services"There are lots of medium-term positives both in India and globally, but it is the immediate term that is the problem and frankly I do not ...
- Expect rupee to remain at worst level if government does nothing: Jamal Mecklai, Mecklai Financial Services"I think the government needs to stand up, acknowledge that it is a crisis and conduct some real crisis management reforms."
- Expect rupee to get weaker in near term: Jamal Mecklai, Mecklai Financial ServicesI do not know what to say except that the rupee is weak and will get weaker, which seems very likely, says Jamal Mecklai, CEO, Mecklai Fina...
- Expect rupee to remain in a range of 54.50-56/$: Jamal Mecklai, Mecklai Financial ServicesThe dollar has been strengthening and will continue to do so. It is a double-edged sword for India, says Jamal Mecklai.
- Rupee may weaken over next six months; expect RBI to cut rates by 25 bps: Jamal MecklaiIt would be great if Subbarao surprises & does a 50-point cut, but I do not think he will go for more than a 25 bps cut, said Jamal Mecklai.
- Rupee should get stronger; intervention a good move: Jamal Mecklai, Mecklai Financial ServicesVolatility is going to remain high. Range will be wide because if dollar is strong overseas, all of that will pass onto rupee, says Jamal M...
- Expect rupee to weaken till December, strengthen next year: Jamal Mecklai, Mecklai Financial ServicesIn an interview with ET Now, Jamal Mecklai, CEO, Mecklai Financial Services Ltd, speaks on the depreciation of the rupee and the RBI’s stan...
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