The First Quarter 2014 (June 2013) Gross Domestic Product (GDP) data release shows that Indian growth has dropped to 4.4% in “real” terms (meaning, after ...
In what seems to be a mechanism to fight the outflow of money, Indonesia has raised interest rates by 0.5%. The new rate is now 7%. Brazil on the other hand is ...
Outgoing RBI Governor D. Subbarao leaves with a parting speech that will make some snigger, but it has lessons in it for most others. I thought he had a great ...
In the light of the liquidity squeeze that RBI has been doing, the impact seems to be hitting the market now. After three days of hectic auctions (22,000 cr, ...
The RBI announced forex swaps with oil marketing companies (IOC, BPCL, HPCL). They will take rupees from the oil companies, and give them dollars. The reverse ...
Things are happening very fast. The 10-year bond has now moved very quickly back up to nearly 9%. And the dollar is now 67.4, the worst it has ever ...
The Rupee has closed at 66.12 on Tuesday, the highest exchange rate ever. FIIs are starting to pull out. Data till yesterday (SEBI) shows that FII pullouts are ...
NSEL has defaulted a second time, this time paying out just Rs. 12.60 cr. after last week’s payment of about half of what it should have paid (Rs. 174 cr.) ...
The Food Security Bill has been passed and markets don’t like it. Banks are down 5%. Everything has crashed across the table, except for IT. The dollar ...
Coming to you one day late, is the economic calendar for the week. Bond Auctions On Monday, 11,000 cr. worth of 48 Day Cash Mgmt Bills were auctioned at ...
