Jamal Mecklai
Can Mumbai be the next international centre like Istanbul?
Today, Istanbul is an amazing place, a wonderful blend of khandani and hip, reflected in the extraordinary traditional architecture sitting side by side with very sophisticated contemporary art; in sync, the people live a sen
Budget 2019: Sovereign borrowing plan and its likely impact on local FX and interest rate market
Budget 2019: A prudent, if a bit aggressive, first-time borrower in foreign exchange would likely try and raise about 15-20% of its requirement in the global market
How this model can significantly reduce risk of companies by identifying rupee’s behaviour in advance
On balance, the model produces significant savings in cost with contained risk; importantly, it can also enable companies to increase their tenor of risk identification
Modi must eliminate polarisation to make India truly great
Modi can focus his attention on turning India into a truly great country. And the first thing that he needs to do is to eliminate the polarisation.
India needs fresh political blood, seeing small amounts of it already
There is a need for fresh political blood, and the good news is that we are seeing small amounts of it already.
Patriotism will always trump nationalism
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.
What will the rupee do now
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.
Socialism is coming to America! Little doubt that tax rates on wealthy in US are going to rise
Clearly, socialism is coming to America even though an extraordinary number of people in the US (and, to be sure, other countries) are extremely touchy about the word
Artificially low inflation has hurt farmers, solution lies in balancing consumer-farmer interests
One of them was the most beautiful woman I had ever seen in my life.
Remembering Meera Sanyal: Never stop dancing, never give up
She taught us that we have to stand up and ‘demand’ quality candidates from every political party
Rupee vs Dollar in 2019: Volatility to remain high, will increase going forward
From a technical standpoint, too, it appears that volatility will remain high and/or increase going forward.
The billion-dollar question on rupee: Is it going back to 69?
It is now necessary to monitor kurtosis to assess whether there may be a threat of another rupee dive some time over the next six months
Gender equality is an idea whose time has come: Jamal Mecklai, CEO, Mecklai Financial
The real reason #MeToo has caught fire now is because the global political landscape is increasingly barren and is crying out for change.
Is the Rupee’s sudden steadiness real?
Brace for continued volatility. Exporters should reduce their tenor of risk identification
Forecasting: A chanawala’s guess is as good as an expert’s when markets go crazy and are volatile
In any market at any time, nobody knows what is going to happen the next second, the next minute, the next hour, leave alone the next three months or a year.
Fall in Rupee not a problem, but, a symptom. How about an IL&FS-like panel to tackle the real issue?
Our fundamental ailment is weak exports, and the current negative sentiment surrounding the rupee is only a symptom. Any measure to alleviate the same would only be buying time
Flirting with danger: If the rupee touches 73 again, RBI should push the off-meeting button
If the rupee touches 73 again, RBI should push the off-meeting button—rather than creating panic as had been feared, this will signal that RBI is engaged and recognises the `trauma'.
Falling Rupee: How to ease importers’ trauma
Learning from the market is very expensive; but not learning from the market can be disastrous
Exchange risk: Expert advice for companies which use ladder strategy
Many companies use a ladder strategy, which means the near term is hedged (close to 100%) with reducing hedge percentages as you go out in tenor.
Is the USD ready to turn lower?
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.
Staring at another crisis: There is increasing nervousness about inflation that Trump’s trade wars could exacerbate
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.
The (un)Sacred Games of lynchings
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.
The run on rupee may be ending
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.
A turning point in upon us – Technology will drive decentralisation
A turning point is upon us—technology will drive decentralisation and the sharing of assets and experiences, as will the vast armies of people who are working towards a shared future.
Monetary tightening – more to come
In particular, as already explained, global borrowing costs are set to go up, as a result of which this week’s monetary action by RBI is likely to be merely a beginning.
RBI shows who’s the boss
Since 2013, the rupee has fallen as sharply as it has recently twice, and both times, the rupee returned to a steady state within weeks
Is the rupee headed to a 68 to a dollar?
One way to balance out risks is to simply recognises the obvious fact that if you hedge, you are paying premium, and every day you don’t hedge, you are saving money
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