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Opinion
NSEL: The 5,500-crore Scam No One Wants to Deal With
Originally written for Yahoo. An innocuous-looking notification from the Forward Markets Commission (FMC) came in on July 12, 2013. And in the offices of the ...
Commentary
Weekly Digest: Increasing Volatility, “Real” Nifty Weakness, Rajan’s Day Out
Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back Oh, Volatility is here. I had written in April that we were seeing unusually ...
Charts & Analysis
Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back
Oh, Volatility is here. I had written in April that we were seeing unusually low volatility for what should be a much more squiggly index, with zero 2% days in ...
Fixed Income
Underwriting Commissions for G-Sec Bond Auctions Go Up Again For the Monday Auction
Banks and Primary Dealers that have been underwriting government bond auctions have been getting great commissions recently. They have now earned over Rs. 440 ...
Charts & Analysis
The “Real” Nifty, Adjusted for Inflation is 32% Below its 2007 Peak
When you adjust for inflation gains look terribly low. Inflation is how much your money’s purchasing power reduces. So you have to adjust for that, so ...
Economy
Chart: Credit Growth Increases to 18%, Raising Rates Correct Option
Why are people cursing Rajan for raising rates? Credit growth is back to 18%+ as of September 6, and credit growth of that rate means one of two things: Banks ...
Economy
Rajan Bites The Bullet, Raises Repo Rate 0.25%, Untwists Yield Curve
Dr. Raghuram Rajan has raised the repo rate (overnight borrowing rate for banks) by 25 basis points (0.25%) to 7.5%. Banks which were required to keep ...
Economy
What Will Rajan Do Today?
Short Answer: Only Rajan Knows. Long Answer: Only Rajan Knows, and it’s useless to predict it. The pieces of data that Rajan will use are what we’ve seen ...
Charts & Analysis
Snapshot: Massive Upmove Due to Fed, but Banks Shine Nevertheless.
We’ve just had a +3.7% day, and this brings us fairly close to the all time high. And if you look at various sectors, banks shine as outperformers. Banks did ...
Economy