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BHASKAR PANDA
73 will remain a big resistance going forward: Bhaskar Panda, HDFC Bank“Some more measures are necessary to bring more stability in the dollar rupee.”
Pace of rupee decline is going to come down now: Bhaskar Panda, HDFC BankAny worsening current account deficit will bring in new pessimism in the market.
There's a feeling RBI may go for status quo at next policy meet"The government has given what the market was hoping for," says Bhaskar Panda of HDFC Bank.
Don’t worry, the bond party is not over yet: Bhaskar Panda, HDFC BankRupee will go towards 69 but my hunch is it might not go beyond say 68.50 at this point of time. So I would rather be selling on kind ralli...
Time right for allowing repos in corporate bonds: Bhaskar Panda, HDFCThe corporate bond market has been saddled with few very corporates coming into the market and issuing the bonds
Not worried about oil prices going beyond $60: Bhaskar Panda, HDFC BankMacro cues from rising oil prices, an uptick in food inflation and the likelihood of a Fed rate hike
Rupee seems happy in 66.50 range against dollar: Bhaskar Panda, HDFC BankRemittances will not have any impact on currency depreciation
Not comfortable about going soft on rupee: Bhaskar Panda, HDFC BankI do not think this trend of rupee appreciation is going to continue for long
Budget 2016: I do not see fiscal deficit target slipping beyond 3.5%: Bhaskar Panda, HDFC Bank"I sincerely hope that rupee is not going to depreciate in a manner which will destabilise all the efforts of the government or the RBI"
Oil prices will be in $30-$40 range in coming months: Bhaskar Panda, HDFC BankI think that oil prices will be reasonably in the range of say $30 to $40 in the coming months. India is in a sweet spot because of the low...
FII outflows a bigger worry than rupee slide: Bhaskar Panda, HDFC Bank"The 68 level worries some, while some others are concerned about 68.85 levels. It's just a number; we need not worry much about it."
Expect rupee to trade in 65-68.90 range during 2016: Bhaskar Panda, HDFC BankThe rupee has depreciated against the dollar as a corollary to the global trend; it will depreciate a little more against the dollar, says ...
India can't be an island of virtue; rupee may fall, but outperform EM currencies: Bhaskar PandaI don't see any runaway depreciation to say 68 or 70 level in next 2-3 days; the depreciation is going to be gradual and calibrated, said P...
Trade data has been better than expected: Bhaskar Panda, HDFC BankIf you look at-- if you compare with Brazilian Real or a Russian Rouble or Turkish Lira or any of these competing currencies, we have done ...
Rupee likely to trade in a range of 64.50 to 67 over next 6-12 months: Bhaskar Panda, HDFC Bank"I agree that big inflows are going to come in. But from what we have seen in the past, the funds will get absorbed by the demand in the ma...
Knee jerk depreciation of the yuan will not help anyone: Bhaskar PandaThere is value addition in both petroleum as well as gems and jewellery but there is a large segment of export, which is not purely value a...
Fed rate hike likely in September, may not influence RBI action: Bhaskar Panda, HDFC Bank"Fed is going to depend more on data than on any global development. As the data has not been bad, perhaps the time for some rate action ha...