Global Anxieties: Rupee to be under tapering fears (IANS Currency Outlook)

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By Rohit Vaid
Mumbai, Sep 18 |
Global anxieties along with rising imports and persistently high crude oil prices will weaken the Indian rupee in the coming week.

Experts opined that US FOMC meet will instil tapering fears, at the same time, imports are expected to rise on weaning impact of Covid 2.0.

Any timelines for tapering measures in the US can potentially drive FPIs (Foreign Portfolio Investors) away from emerging markets such as India.

Significantly, the recent sizeable inflow of FPI funds has been credited to have lifted the domestic markets to record high levels.

“Rupee is expected to weaken on the back of rising crude oil prices to over $75 per barrel and increasing bond yields in India and nervousness building in the US will impact the rupee,” said Sajal Gupta, Head, Forex and Rates at Edelweiss Securities.

“Besides, rising domestic vaccination speed will accelerate imports, however, robust equity flows would counter the impact to some extent.”

Last week, rupee closed at 73.48 to a USD before oscillating between 73.30 to 73.60.

“US Fed is going to announce outcome of its FOMC meeting this week, which will sway currencies around the globe,” said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities.

“Spot USDINR is expected to consolidate in the range of 73.25 to 73.65 ahead of next week’s US FOMC meeting and swirl according to outcome of FOMC meeting.”

Gaurang Somaiya, Forex and Bullion Analyst, Motilal Oswal Financial Services, said: “Investors will be awaiting for announcement of the inflation and growth of the US economy, which means any hawkish statement could support the dollar at lower levels.

“Apart from the Fed policy meeting, the Bank of England will also release its policy statement and that could provide trigger to the GBPUSD pair that has been getting support at lower levels. *For the week, the USDINR (Spot) is expected to trade with a negative bias and quote in the range of 73.05 and 74.20.”

(Rohit Vaid can be contacted at rohit.v@ians.in)

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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