NIFTY of NSE touch 10,000 in August 2017, which external factors are responsible for this level
NIFTY of NSE touch 10,000 in August 2017, which external factors are responsible for this level? What are the different forms of investment by foreign investors in Indian market? (10 Marks)
There is a tension between North Korea and USA, both the countries are in state of war. What will be the impacts of this event on foreign treasury of INDIA? (10 Marks)
NIFTY of NSE touch 10,000 in August
MUMBAI: In what could be a sign of things to come with gushing liquidity coupled with rising optimism about policy reforms in the country after the Rajya Sabha approval for bringing in the Goods & Services Act, the Reserve Bank of said three currency dealers. Expectations are rising that global investors starved of returns from fixed income investments may raise their investments into the highest yielding emerging market as government’s actions provides them the comfort of prudent economic policies. “Depending on the global risk sentiment we could see fund flows into India continuing in the coming months,” said Brijen Puri, managing director, head of markets, JP Morgan (India). “It would be an opportunity for the RBI to shore up our dollar reserves, which could be used to moderate volatility in future” On Thursday, some state-owned banks were buying dollars in early trades on behalf of the central bank, when the rupee opened stronger by 15 paisa to the greenback. Later, it pared gains to close at 66.92, up 0.10 per cent from 66.99 on Wednesday. The rupee is now expected to trade in the range of 66.50-67.50 per dollar versus 67-68, seen a few weeks ago, dealers said. The implementation of GST from next fiscal, though could be inflationary in the short term, may add to the gross domestic product by as much as 2 percentage point. That coupled with better tax compliance and higher rates on services could bolster the government’s finances. The perennial fear of government’s fiscal being
dodgy could also end. “Unanimous decision to amend the constitution to pave way fo introduction of GST is a big positive and will renew optimism among foreign investors,” MS Gopikrishnan, head of FX, rates and credit trading at Standard Chartered Bank. “While the rupee market had largely priced in the amendment, higher inflows from overseas investors should help the rupee to appreciate.”
Source: Business World
Q3. A. One Tax One Nation – GST introduced by government in July 2017, explain its impact on the currency Indian currency value. What are the advantages and disadvantages of GST to exporter? (5 Marks)India intervened to temper the Indian’s Rupee’s appreciation versus the US dollar,
Q3. B. How GST will help India to increase foreign capital? Why it is said in paragraph “GST could be inflationary in short term”? How inflow of FOREX will increase due to GST?
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NIFTY of NSE touch 10,000 in August
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