Nobody ever knows what is going to happen to any market, says Mecklai.

FM and RBI are not friends, they have kicked the can down the road, says Mecklai

“God! It is 70. It is not that big a deal! RBI has got plenty of reserves.”

“The market is much smarter than anybody and one day it is going to turn. I do not know when”

GDP numbers are unlikely to be dramatically different than what people are talking about.

It 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...

We in India will be perhaps a little better off even though you cannot hide from the global environment.

Volatility was very low. So there is a sign that at some point, it is going to turn, some little trigger is needed.

'Obviously, this rally is BJP-driven. But according to the sentiment, everybody is really excited about something new, finally.'

"I do not think the rupee will strengthen dramatically, since for that to happen, you need structural change, which does not happen overnig...

"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 ...

"I think the government needs to stand up, acknowledge that it is a crisis and conduct some real crisis management reforms."

I 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...

The dollar has been strengthening and will continue to do so. It is a double-edged sword for India, says Jamal Mecklai.

It 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.

Volatility 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...

In an interview with ET Now, Jamal Mecklai, CEO, Mecklai Financial Services Ltd, speaks on the depreciation of the rupee and the RBI’s stan...