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Month: November 2008

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Three Iceland banks CDS auctions completed, exposure > Lehman

Three auctions for Credit Default Swaps of the three Icelandic banks that failed (Glitnir, Landsbanki and Kaupthing) have been completed today. (CDS is ...

Obama and Market News

First, since everyone already knows, let me be one of the last to congratulate Obama on a thumping victory over McCain. Obama inherits a horrendously bad ...

Reading: RBI messes up Dollar/Rupee

S. Gurumurthy: Dollar on escalator and rupee on ventilator In the four years from 2002-03 to 2005-06 the RBI had purchased $75 billion. When it was buying ...

Short Only Strategy: Expiry and Nifty Short

I have been on a holiday so haven’t updated the SoS. Here’s the status, with positions on ICICI and a Nifty call expired. No rollovers, and now I ...

Interest Rates Drop, SLR lowered and more

RBI has announced a 1% drop in Cash Reserve Ratio (% of deposits that get deposited in RBI) and a 1% drop in the Statutory Liquidity Ratio (% of deposits in ...