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Month: December 2013

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CPI Inflation for Nov 2013 at a Whopping 11.24%

Consumer Price Index based inflation for November 2013 is at 11.24%, based largely on rising food prices. The WPI (wholesale price) data will be out on the ...

IIP for Oct 2013 at -1.8%

The Index of Industrial Production (IIP) for October 2013 has come in at -1.8%. By large components, every piece of the pie has fallen. Mining (weight:15%) ...

Bank Credit Growth Falls to 14.3%, Lowest Since July

Scheduled Commercial Bank Credit is now at 56,650 crores, which is growing at a rate of 14.3% over the previous year. This is now closing in on the 1 year low ...

Chart: Trade Gap to Nov-13 at $100 bn, November Second Best Month of Year

The Trade Deficit continues to increase at a slower pace, now up just 5.9% to just under $100 billion in the April-November time. November itself saw a trade ...

US Banks Can’t Prop-Trade, says the Approved Volcker Rule

The Volcker Rule is in. US Banks can no longer engage in proprietary trading. The rule was proposed by the 86-year old Paul Volcker who is famously credited ...

RBI Buys $4 Bn, Sells $5Bn in Forwards in Oct 2013

The monthly RBI Bulletin tells us how RBI trades in the forex market, with a 2 month lag. In October, the RBI bought $9.5 billion (mostly from banks with the ...

Premium: What's With The Nifty EPS Crash When We Hit All-Time Highs?

Thanks to those of you that attended the Capital Mind Premium Webinar on Saturday! We addressed the Current Account Deficit and looked at some interesting ...

Corporate Loan Defaults Rising and It’s The Banks’ Fault

Outlook has a great article about corporate defaults. Accor­ding to the All-India Bank Employees’ Associa­tion (AIBEA), bad loans have gone up from Rs ...

Even at All-Time High, The Nifty Must Double From Here to Adjust for Inflation

As the Nifty hits a new high, it’s useful to see Nifty adjusted for inflation – that is, despite the fact that the Nifty has hit the highest ever ...

Nifty Hits All Time High at 6400 on State Election Result Euphoria

The state election results are out: the Congress has been decimated in nearly all of the four states for which results were announced yesterday. (It is, ...