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Commentary
Links: IPO to Invest in NSEL, MCX Brokers Demand Cash Back, Gold Stocks Might Be Hit
A quick note to say I’m in the Trader’s Carnival 2013, and my talk is over. If you have any feedback please let me know. Will upload slides soon. In ...
Economy
RBI Says You Can’t Buy Property Abroad or Gold Coins, Increases Capital Controls
The RBI has now introduced more capital controls in order to protect the rupee from sliding further. The Rupee closed at about Rs.61.4 to a dollar on ...
Commentary
NSEL Modifies Settlement Plan to 30 Weeks, Adds a Balloon Payment at the End
Remember when NSEL had said that it owes brokers 5,600 crores, and out of that around 2,000 cr. was going to be paid immediately, while about 3,300 cr. would ...
Charts & Analysis
WPI Inflation Jumps to 5.79% Which Still Looks Too Low
Even as CPI inflation was close to 10%, the wholesale price index based inflation for July 2013 came in at 5.79%, much higher than last month’s 4.86%. The ...
General
Gold Duty Increased to 10%, Even as Gold Imports Slow
So it doesn’t look like gold imports are coming down in any way. The government has increased customs duty on Gold to 10% (from 8%). Additionally, excise ...
Commentary
NSEL Might Not Have Those Stocks, Say Brokers
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 ...
Charts & Analysis
RBI Sells over $1Bn in June 2013
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 ...
Fixed Income
Nearly 12% on 34-day Treasury Bill Auction
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 ...
Commentary
FT and MCX Promoted an Exchange That Shut Down in 2009
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 ...
Commentary