The day before NSEL was supposed to make the first payment after it defaulted, the worst fears are now looking like reality. NSEL doesn’t have the stock in ...
The RBI, in it’s monthly bulletin, reveals how much it bought or sold the dollar, with a lag of three months. We are now being given June 2013 data, when the ...
Following up from yesterday’s 35-day Cash Management Bill auction (which went at 11.70%), today’s 34-day CMB auction was cut off at 11.94%. This is ...
Sundar at Business Standard reports that just four years ago, an exchange called SNX (SAFAL National Exchange of India Ltd) was shut down. It was co-promoted ...
The government will probe the conflict of interest in the NSEL issue, where the exchange has defaulted on the last settlement and it’s chairman, Shankarlal ...
The Finance Minister has said that India will, in effect, try to close a large gaping hole in our current account using some sort of quick-drying glue. ...
Trade data for July 2013 showed a fairly good change in the export/import statistic, with exports increasing and imports staying steady. The Trade Balance till ...
The Index of Industrial Production (IIP) for June 2013 comes in at –2.20%. While this is largely unreliable data, it’s all we have so we’ll have to go ...
The Consumer Price Index (CPI) for July 2013 shows inflation of 9.64%, marginally lower than the 9.87% in June. Wholesale price based inflation will come in on ...
Today’s 11,000 cr. auction of 35 day cash management bills are seeing yields that haven’t been seen before: 11.71% Now, things should be cool for banks. ...
