USD-INR Charting its own course…
Mar 29th
Equity markets continued their journey north with all major markets closing in the green for the week. The Sensex was up 100 points with indices worldwide crossing recent highs. Gold ended unchanged from last week at 1107. The European leaders seem to have a worked up an arrangement to help Greece ending the long stalemate [...]
Comparison of IFRS and Indian Accounting Standards
Mar 23rd
IFRS is a novel way of looking at accounting. IFRS is a “principle-based” standards rather than “rule-based” standard which are currently followed.
Under IFRS there is need to apply professional judgment consistent with intent and spirit of standards.
Various countries have adapted to IFRS in different ways, often embedding local cultures and that is why there are [...]
USD-INR retracing the fall
Jan 18th
The USD/INR retraced the highs of 45.28 and has settled at around 45.78 levels. Equity markets were directionless with the Sensex and the Nifty closing a tad lower than last week. The high point from the data point was the 11.3 % growth in IIP against expectation of 10%. Inflation for the month of December [...]
Indian Economy – Annual Review and Analysis
Jan 6th
“Hello readers…warm wishes for the year ahead on behlaf of MoneyBol team. My apologies for delayed posting of the monthly update. To make amends I have also updated the yearly review. Hope these are useful and informative for you.” – Praveen Bajaj,
Equity- BSE Sensex
Stocks started the month with a 200+ points gain on the first day but [...]
Currency Outlook – Fortnightly Currency Review November
Dec 14th
Standing on the fence, waiting for clear signals
Markets remained in consolidation mode for major part of November. The Sensex and the Nifty are hovering around the October 2009 levels. We expect the sentiment to continue well into the closing year. While every good US data is now being viewed as an unwinding of the [...]
USD/INR Downside Prevails
Nov 16th
The week saw consolidation across the board with all equity markets rebounding from the selling momentum of last week. The Sensex rebounded around 700 points. Similarly all major indices have risen defying the fact that unemployment still is a concern for the US. The Euro broke the 1.5000 mark during the week and currently trades [...]