Market Vectors - Indian Rupee/USD ETN (INR)
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INR Forum Topics
- All Comments on INR
- General Discussion on INR
- Eye on Currency Impact and ETFs [view article]
- Currency ETFs and ETNs [view article]
- The Indian Economy and Gold Imports [view article]
- A 360 View of Returns (July 2008) [view article]
- ETF Update: Slowdown in Emerging-Market Currencies [view article]
- Finding Your Comfort Zone with Currency Investing [view article]
- Six Ways to Trade Foreign Currencies [view article]
- ETF Update: Bond ETFs, Foreign Currency ETFs, Mid-Cap ETFs [view article]
- Morgan Stanley: India's Best Response to Rising Inflation [view article]
- Chinese, Indian Currency ETNs Launch [view article]
loading ...Recent INR Articles
- Eye on Currency Impact and ETFs
- The Indian Economy and Gold Imports
- A 360 View of Returns (July 2008)
- ETF Update: Slowdown in Emerging-Market Currencies
- Finding Your Comfort Zone with Currency Investing
- ETF Update: Bond ETFs, Foreign Currency ETFs, Mid-Cap ETFs
- Six Ways to Trade Foreign Currencies
- Still Waiting For Those Currency ETNs
- Morgan Stanley: India's Best Response to Rising Inflation
- ETF Watch: New Listings
- Full List of Articles »
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Eye on Currency Impact and ETFs [view article]
I wonder why volume is so low on the China currency cny and cyb symbols . ReplyJackson
Currency ETFs and ETNs [view article]
Thank you! We've updated the list to include:Market Vectors Double Long Euro ETN (URR)
Market Vectors Double Short Euro ETN (DRR) Reply
Eye on Currency Impact and ETFs [view article]
Hey "Mr Germany" So which hedge fund/PE fund with $billions AUM (sorry Deutsche Marks, because the Germans are "tired" of the Euro) did you say you run again? I mean with your level of technical expertise in all things market and you incredible investing record -- the "pikers" must be throwing money at you to run, right?lol... Reply
Currency ETFs and ETNs [view article]
Don't forget the Market Vectors Double Long and Double Short Euro ETN's. I hope someone introduces a short pound ETN soon! ReplyMistry
The Indian Economy and Gold Imports [view article]
My heartiest thanks to your extremely realistic situation of India as a whole. With my similar views, I had felt lonelier by the day and was almost like an outcast from my financial journalistic community who has been trained by their bosses to only look at the brighter sides of the corporate life. Well, I pray that this oncoming painful times positively and proactively stirs up the senses of our so-called upwardly mobile middle-class masses that have been intoxicated and numbed by the excessive consumerism spewed by rising income levels. Can you initiate a nation-wide dialogue in this direction? ReplyThe Indian Economy and Gold Imports [view article]
Time will prove you wrong ... You have not seen the determination and dedication of the common people in this country.. India will continue to grow and prosper.. irrespective of the policy blunders of the central and state govts. And i will see you write about " How India withstood the global recession" soon. ReplyThe Indian Economy and Gold Imports [view article]
I congratulate Mr. Kumar on writing such a wonderful assesment of Indian economy. He has the courage to call a spade a spade. I also disagree completely many views by other readers, who are basically over-optimistic about Indian economy and stocks. I am particularly taken aback by views of Mr. Nagesh and am addressing them sequentially here.First he talks about India's GDP growth, but the fact is that this growth means nothing. India may be growing at 7 or 8 percent and yet may end up in a ditch. What at the end of the day means is whether you are able to export more than you import or vice versa. Indian trade deficit is growing at 20% annum. Japanese
economy is growing at a mere 1/4th the rate of India, but it adds $150 billion to itself every year. That's what counts. The emphasis on GDP is a game for business journalists, the people who don't understand economy and know only to take notes when the real economists speak. So please forget about India's "phenomenal" GDP growth. If GDP growth alone was the criteria, I dole out another another example; even Ethiopia is growing at
8.4% this year. Does it mean that Ethiopian economy is stronger than all Europe, Japan, and US economies? Ha.
Mr. Nagesh is also wrong about the corporate tax. Their collections prove nothing. Corporates are experts in running businesses, not in predicting economic cycles or movements of the markets. Having stake in the growth, they are usually blind to what sort of economic situations lie ahead. They feel the growth will go on and on. But this is not the case. There have been busts and busts around the world and the corporates which have been oblivious to them have literally lost their businesses. In the US during 1999-2000 the tax
collections were strong, and yet the recession followed in the following year.
Mr. Nagesh's harping on whether 60% or 70% of the Indian population is dependent on agriculture shows that he is just interested in oneupmanship, and has not imbibed the spirit of the article. Would it matter much if whether 6 members or 7 of his family went hungry? Will he argue about the exact number?
The fact is that every two out of three Indians is directly or indirectly dependent on agriculture, and the bigger fact is that most of them are unhappy with the state of affairs. That's what counts most.
Finally, if he thinks that the government and Indian businesses will give extra filliip to agriculture, probably he has not studied Indian agriculture. Agriculture is the last thing on anybody's mind, a reason why the problems have become so huge, so deeprooted.
I again congratulate Mr. Kumar on writing a fair assessment on the Indian Economy. He is sending out the most honest views to the world. Kudos
S. Gangadhar.
Reply
The Indian Economy and Gold Imports [view article]
A really pessimistic tone, with the viewer missing a sense of balance somewhat. Any positives are being clearly ignored. Like CLH, I see this as a buying signal. ReplyThe Indian Economy and Gold Imports [view article]
Dear Author,I am sorry to differ from your pessimist opinion. Being an Indian I am seeing/feeling the aggressive growth of our country.
Just by simply having bird view at India you have written like "During past two years the cost of crude imports has gone up from $40 billion to approx. $100 billion - an unaffordable luxury for a poor nation like India"
You would not have included this line, if you had looked at industry growth of India.
Please be clear on the messages which you are sending to the world.
Thanks. Reply
Realtor
The Indian Economy and Gold Imports [view article]
neither of you addressed what's happenning with Indian's real estate bubble. The Indian real estate market was primarily driven by speculators, financed not by subprime and loose lending standards, but with black money. Does anyone have statistics on how the real estate market is faring and its impact on the GDP growth this year?thanks Reply
n
The Indian Economy and Gold Imports [view article]
A great pessimist opinion and a great optimist response from nagesh. ReplyMandalik
The Indian Economy and Gold Imports [view article]
I am surprised by your assessment “The Indian economy was always in bad shape”. I do not understand your logic.The Indian GDP has grown at over 9% for 4 years in a row. Even after taking into account the impact of the steep hike in crude oil prices(softened recently to $120 a barrel), and the US banking crisis, the average analyst estimates for India GDP growth are pegged at 7.5 to 8% for Fiscal 2009. The Indian economy is on pretty solid ground even when the global economy is challenged. India is partly (not completely) shielded from the weakness in the global economy by the Domestic consumption and savings growth that continue to be strong.
The Global economy, Crude oil prices, changes in business environment and political uncertainty will continue to have an impact on India’s economy just as it does to any other economy. However, the strong fundamentals of the Indian Economy and its vibrant Corporations and entrepreneurs will be the main drivers that will fuel excellent long term growth.
Now let us look at the Indian stock market in numbers. Why did the SENSEX fall by 40% from the 21000 level? At 21000 BSE was overstretched in the first place and a correction very much warranted. With the market correction, Sensex today is at 15117. The Sensex is trading at a forward PE of 15X (FY09). The historical forward PE for the Sensex is 14X. However, with the revenues and profits growing at a higher rate than in the past (pre-2003), a forward PE of 16X would be very much justified. So I expect the Sensex to be well past 16000 by April 2009. (Well past 16000 because it will start discounting FY10 earnings by that time)
Is there a key indicator that the Indian Corporate sector is still doing reasonably well? Corporate tax collections have shown a more than healthy growth of 50% in the first 4 months (Apr-Jul 09) of fiscal 2009(Rs 41,598 crore as against Rs 27,718 crore in fiscal 08). Corporations pay advance taxes based on expected earnings. The net earnings of the SENSEX 30 companies grew by 17% in Q1FY09 with revenue growth of 29% YOY. Corporations
The importance of agriculture: To put the Indian economy in perspective, the contribution of the major sectors to the Indian economy GDP is as follows: Services 53%, Industries 30%, and Agriculture 17%. Note that Agriculture, where growth has averaged around 2.5% over last several years, accounts for just 17% of GDP today and plays a limited role in overall GDP growth.
The reason agriculture is very important to India is because about 60% (70% is incorrect) population is dependent on agriculture. Hardship to 60% of the population is indeed very painful. The Indian politicians are very much aware of this challenge and will make all the noises and take dramatic (sometimes incorrect) steps to address the challenge. 60% of votes come from this population; Indian politicians need no bigger incentive to take action!
TO sum it up, I am confident that the Indian economy and the stock market will provide excellent long term growth and the current drop in stock prices is a great buying opportunity for anyone with a time horizon of over 3 years. The government and Indian businesses would do well to give an extra fillip to Agriculture to make the growth more inclusive.
Reply
The Indian Economy and Gold Imports [view article]
Ironically as soon as you posted the article abt $600 Million was pumped in the stock market in a single day!! ReplyThe Indian Economy and Gold Imports [view article]
Wow are you negative. Ive always found that when everyone is negative its time to buy which I just did. (not gold but Indian stocks) ReplyA 360 View of Returns (July 2008) [view article]
Finally, a universal overview that gives the reader direction for areas to research for future investment. Great job! Reply