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Economy

Rajan Will Not Do a Volcker, For Now

Rajan is unlikely to be a Volcker right now. The policy press conference has this statement: I do not want to say inflation targeting because once you say the ...
Commentary

NSEL “Settles” with Mohan India, EOW Freezes Jignesh’s Accounts

!A quick update on NSEL: Mohan India has “reached a settlement” with NSEL to pay back Rs. 771 crores out of the Rs. 950 cr. it owes, over the next 12 ...
Economy

RBI’s Rajan Increased Repo, Drops MSF, Increases Term Repo Limit

Rajan has , in his first “real” policy, increased the repo rate by 0.25% to 7.75% and cut the MSF rate by 0.25% to 8.75%. Reverse repo goes to 6.75%. Note: ...
Commentary

Weekly Summary: Great Visualizations, S&P Inflation Adjusted Returns, Onion Prices and More

(Comes to you a day late, but what’s a day between friends) Tech Update: ITC, Sesa Goa Show Losses, RCOM Succeeds, and a Hindalco Trade An update on the ...
Economy

Ahead of Policy, RBI Says Growth Subdued, Inflation Might Be Checked

The Macroeconomic Policy for Q3 will be tomorrow, but before that we have a statement by the RBI, which has interesting ramifications for what will happen ...
Charts & Analysis

Tech Update: ITC, Sesa Goa Show Losses, RCOM Succeeds, and a Hindalco Trade

An update on the technical strategy: the ITC trade mentioned in the last post hit a stop loss (mentioned this on twitter) at 348 after which, the stock went on ...
Charts & Analysis

The US S&P 500 Long Term Return Adjusted for Inflation

Franklin Templeton postulates that “History favours a return to the mean” in which they say that we are, based on historical data, substantially more ...
Economy

The Wrong Battle for the Rupee

(I wrote this for Pragati, in August 2013) Freedom is a wonderful thing. In 1947, we got freedom of one type, in the very month this article is published. Yet, ...
Commentary

Saturday Reads: US Defaulted in 71, Asset Backed Bonds, Faking a Company, DIIs Better than FIIs

Of course the US Defaulted in 1971, when it refused to give gold against dollars, says Nilesh Shah. The election commission has decided that social media like ...
Stocks

NHPC Will Buy Back Shares at Rs. 19.25

NHPC – the hydropower PSU – will buy back shares in a tender offer, at Rs. 19.25 per share. Their IPO was in August 2009 at Rs. 36, a price I noted ...