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Jamal Mecklai
Articles by Jamal Mecklai

The shadow of uncertainty on markets

The market is likely seized by the fear that the uncertainty surrounding the US election and its aftermath could render America effectively in a governance mess

An electronic ticker displays stock figures in Shanghai, China, on Wednesday, Aug. 7, 2024. The People's Bank of China is potentially getting the respite it's been hoping for from global financial markets, bringing closer a dose of monetary stimulus long awaited by investors and traders. Photographer: Qilai Shen/Bloomberg(Bloomberg)
Published on Aug 10, 2024 04:19 PM IST

Still a long way from rupee globalisation

We should, of course, celebrate India’s increasing global importance; for the rupee, however, it’s a much longer road to internationalisation.

For the rupee to become more widely accepted globally, the Indian forex market will need to be considerably deeper, more liquid, and certainly more volatile (i.e., less controlled) than it has recently been(AFP)
Published on Apr 04, 2024 09:39 PM IST
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