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Economy
FCNR Deposits: Will the RBI’s 3.5% Swap Help?
The RBI now has a 3.5% swap available for FCNR deposits. Which means effectively the hedge cost for banks is now just 3.5%. A quick look at what banks are ...
Foundations
Busting Six Myths About A Falling Rupee
I wrote this article for Outlook India, Sep 02. Myth 1 Weaker currency means a weak country Would you say Kuwait is stronger than America? After all, it’s ...
Economy
The Promises Of Raghuram Rajan
Dr. Raghuram Rajan takes his stand as the Governor of the Reserve Bank of India. Generous praise has been showered upon him already, making him look like James ...
Economy
RBI With Rajan Opens a Swap Window For FCNR Deposits With Banks
The new RBI Governor, Raghuram Rajan, attempts to open the floodgates of foreign capital into India. Banks that raise Foreign Currency Non-Resident (FCNR) ...
Commentary
Local Manufacturing Could Be The Future
A number of online media sites are running stories of how the fall in the rupee is hurting real lives. Students in the UK write in to say they have to pay much ...
Commentary
Vodafone’s $130 Billion Deal Gets Tax-Avoidance Outrage
Vodafone just sold their holding in Verizon Wireless, back to Verizon, for a mighty $130 billion. And the deal has a very interesting structure. Vodafone’s ...
Commentary
The Real Estate Ponzi Scheme Exposed: RBI Warns Banks Funding Builders with Upfront or 80:20 Loans
In a notification, banks have been told to watch all loans under “innovative” financing schemes which involve giving builders the full home loan amount ...
Commentary
SEBI Makes Market-Halt Circuit Limits Dynamic
SEBI has decided to alter the circuit breaker limits for stock exchanges. Currently, market wide circuit breakers apply after a 10% change (1 hour), 15% change ...
Commentary
NSEL Chairman Interview: I Didn't Know
The ex-chairman of NSEL, Shankarlal Guru, meets Zee News for an exclusive. He says he wasn’t aware of irregularities. That some people had told NSEL there ...
Commentary