In the end, nationalism will always fail both because it is antithetical to the human spirit and also because, being inward-looking and exclusive, it leads to poor—and, sometimes, disastrous—economic outcomes.
After every sharp decline, there is a reaction; and, after the reaction runs its course, the rupee continues back down—usually below the previous all-time low but, at the very least, back to that level.
The trade war rhetoric may result in the dollar weakening to address Trump’s focus on bilateral trade deficits and there is talk about the US Treasury intervening in currency markets for the first time since 1985.
It is the nature of the beast that we use events—like the day you were born—to define nodal points, even though the actual starting point was likely much earlier, when your mother and father met, for instance.
It is blindingly obvious that there is nobody in charge, or that those in charge really don’t give a shit, or that local hoodlums persist in such activities because they are encouraged by those in charge.
Total portfolio outflows from India since May this year were a huge $9.5 billion, and given that Indian interest rates remain reasonably attractive, it is hard to see outflows accelerating from this level.
Increasingly, even companies who have business contracts of shorter horizons, but who have longstanding customer relationships, so they are able to estimate their sales into the future, are looking to shift their risk horizon
That the people are fed up with the BJP is obvious, not just locally, where there has been no meaningful development, but nationally as well, where in its desperation, the party seems to be ever more aggressively trying to sh