Jamal Mecklai

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.

India needs fresh political blood, 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.

Opinion News

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.

What will the rupee do now News

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

Socialism is coming to America! Little doubt that tax rates on wealthy in US are going to rise News

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.

Opinion News

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

Opinion News

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.

Opinion News

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

Opinion News

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.

Opinion News

Is the Rupee’s sudden steadiness real?

Brace for continued volatility. Exporters should reduce their tenor of risk identification

Opinion News

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.

Opinion News

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

Opinion News

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'.

Opinion News

Falling Rupee: How to ease importers’ trauma

Learning from the market is very expensive; but not learning from the market can be disastrous

rupee, dollar News

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.

company, industries News

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.

Opinion News

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.

Opinion News

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.

Opinion News

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.

Opinion News

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.

Technology, decentralisation, economic adversity, immigration News

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.

interest rate hike, Monetary tightening, government bonds, repo rate hike News

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

RBI, FX policy, NDF market, indian rupee, Raghuram Rajan, US interest rates, US equities News

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

indian rupee, FX risks, import cost, Mecklai Hedge Programme , dollar, MHP News

How a 100% hedge would produce a better return

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

hedging, LOU, FC debt News

The march of a new party: AAP is making strides in Madhya Pradesh

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

 new party, AAP, Madhya Pradesh News

Privacy doesn’t exist in a global village

Technology, by its very nature, simply keeps evolving. Existing structures that sustain themselves on control of information will steadily dwindle—open source is the imminent future.

technology, global village News

Rupee’s tightrope walk: There is increase dollar demand – Know why

There is increased dollar demand, on the one side, and RBI’s obeisance to volatility control, on the other.

rupee, dollar, rupee against dollar, economy News
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