The Rise & Fall of Indian economy. Lowest point in 20 Years. India fears Junk State Status......

[PkRevolution]

The rupee has collapsed, the stock market is falling - has India moved from a breakout nation to a breakdown nation????

S&P warns India of junk status

Mumbai: Standard & Poor's considers chances of a credit ratings downgrade for India higher than for Indonesia, Bloomberg News reported on Tuesday, citing comments made by an analyst of the credit rating agency at a briefing in Seoul.

S&P analyst Kim Eng Tan also said there was more than a one-in-three chance for India rating cut within two years, according to Bloomberg.

S&P has a "BBB-minus" rating on India with a "negative" outlook. A downgrade would push Asia's third largest economy to "junk" status.

S&P rates Indonesia at "BB-plus."

The rupee touched a session low of 67.36 to the dollar after the news.

Reuters
http://zeenews.india.com/business/n...may-downgrade-india-to-junk-status_83182.html

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New Delhi/Mumbai: India suffered an unexpected reverse after global credit rating agency Standard and Poor’s Ratings Services (S&P) on Friday warned there was a one-in-three chance of the country’s sovereign rating being downgraded to junk status in the next 12 months.

http://www.livemint.com/Politics/9XBcg7WkIozIs3vsB1dv5O/SP-affirms-negative-outlook-on-India.html
Caviar Off Indian Officials’ Menu as Junk Rating Looms


For Arvind Mayaram, India’s push to avoid having its credit rating cut to junk means he’ll have to forgo caviar and a two-meter-long flat bed in first class on his flight from New Delhi to Washington D.C. this week.

http://www.bloomberg.com/news/2013-...or-indian-officials-as-junk-rating-looms.html

 

[Dhiraj Kumar]

Indian rupee has gained 10% in last 45 days.

http://www.financialexpress.com/new...month-high-at-60.92-against-us-dollar/1184180

[h=1]Indian rupee hits 2-month high at 60.92 against US dollar[/h]Reuters | Mumbai | Updated: Oct 18 2013, 12:10 IST


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Rupee tracks a continued sell-off in dollar across all major currencies on worries of the economic impact from the weeks-long US shutdown.
SUMMARYRupee breaches psychological 61 per dollar mark, as broad losses in greenback vs major currencies.

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The Indian rupee rallied to a two-month high of 60.92 against the US dollar in late morning deals today on persistent selling of the USD by banks and exporters on the back of sustained capital inflows from foreign funds.
The domestic currency resumed higher at 61.19 per dollar as against the last closing level of 61.23 at the Interbank Foreign Exchange (Forex) Market.
It firmed up further to a two-month high of 60.92 per dollar before quoting 61.01 per dollar at 1050 hours, showing showed a gain of 22 paise from its last close.
It moved in a range of 60.92 and 61.20 per dollar during the morning deals.
Sustained foreign capital inflows from foreign funds in view of strong domestic market mainly boosted the rupee value against the dollar, a Forex dealer said.
Meanwhile, the Indian benchmark BSE-30 share index Sensex rose by 297.70 points or 1.46 per cent to 20,713.21 at 1050 hours.
In New York market, the dollar fell yesterday as US lawmakers reached a deal to avoid default and end the 16-day partial government shutdown, with currency analysts now looking at another Washington showdown, possibly early next year.
(Reuters)
The Indian rupee extended its gains to the highest in more than two months on Friday, breaching the psychological 61 per dollar mark, as broad losses in the greenback versus major currencies and gains in the domestic share markets aided.
The partially convertible rupee was at 60.94/95 per dollar at 1008 IST (0438 GMT), after hitting 60.92, its strongest since August 18 and higher than its close of 61.23/24 on Thursday.
The index of the dollar against six major currencies was up 0.1 percent, while BSE Sensex was up 1.2 percent.

 

[uetian]

Enhon nay abhi Zardari/NS/Daar jaisay daikhhay nahi, phir bhi enki halet tight hay :P

September mein INR nay kuchh recovery show ki thhi. Pta nahi kitni daer tak maintain rakhhta hay.
http://www.siasat.pk/forum/showthre...becomes-best-performing-currency-in-September

 

[GILL123]

[h=2]Pakistan needs $76.19 billion to pay off debts: IMF[/h] WASHINGTON: Pakistan requires $76.19 billion (Rs8 trillion) or 30 percent of its per annum GDP in order to pay off its maturing debt, estimates the IMF’s Fiscal Monitor Report.
This places Pakistan firmly at the top of the list of indebted emerging countries.The size of Pakistan’s economy stands at Rs26 trillion, while Rs8 trillion is required for the repayment, instead of the rolling over, of matured debts in the current fiscal 2013-14, according to the IMF’s assessment.
Among 27 countries, Pakistan is on the top where of debt will require 29.9 percent of GDP in fiscal 2013-14 against 25 percent of GDP in last financial 2012-13.
The report by the IMF said gross financing needs in advanced economies, though still large, have stabilised at about 22 per cent of GDP.
They are set to rise in emerging market economies in 2013-14 relative to previous projections, mainly driven by higher levels of maturing debt.
They are particularly large (exceeding 20 percent of GDP) in Egypt, Jordan, Hungary, and Pakistan, reflecting short maturities and high deficits.

http://www.geo.tv/article-122968-Pakistan-needs-76.19-billion-to-pay-off-debts-IMF

 

[jaanmark]

do not worry pakistan never pay any tax loan to pay is lonnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnng question as lonnnnnnnnnnnnnnnnnnng as ppp and plmn in power and that know America ji.