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Charts & Analysis
June PMI Strong at 55+
The HSBC Markit Purchasing Managers Index (PMI) has shown continued expansion in June, with the manufacturing PMI at 55, and the composite index (consisting of ...
Fixed Income
The Owner of Deccan Chargers Defaults
(This is a story via Dheeraj Singh) Deccan Chronicle Holdings Ltd. (DCHL), the owner of the Deccan Chargers IPL team (and the newspaper business, the Odyssey ...
Premium
LIEBOR: Banks Manipulate the Global Benchmark Rate
The big news of the last few days has been LIEBOR – or how banks like Barclays, Citi, HSBC, JP Morgan and so on – manipulated the London Interbank ...
Economy
GDP Data Fudge Vs. BoP: Recent Differences?
On popular demand, I post a graph of the difference between the GDP data and the RBI Balance of Payments (BoP) data. This is referencing my posts on how the Q4 ...
Economy
India *HAS* Seen Negative GDP Growth, BoP Confirms Data Fudge
In an earlier post (Has India Plunged Into Recession? GDP Data Fudge Reveals Details) I spoke of how the import-export data was likely to be heavily wrong. The ...
Foundations
India's Broken Interest Rate Transmission
(From my article at Yahoo) Growth is slowing. At the 5.3% official growth rate, India has grown the slowest in the March quarter in 8 years. Even that is ...
Economy
RBI Debases Our Currency By 15% p.a. Since 2001
Can also read: Why Gold is Such a Good Investment? And: RBI, A Substantial Contributor To Inflation? Consider the alternate explanation to inflation: It’s ...
Foundations
Let Foreigners Buy Our Debt
Dheeraj Singh and I write at the Business Standard: It’s time the government opened up to foreigners for its funding. Government of India securities, or ...
Economy
RBI Does Piecemeal Reform on Foreigners Buying Debt
RBI has increased the limit on foreign investment in Rupee Denominated Government Bonds to $20bn from $15 bn. (And in a timely way, Dheeraj and I wrote an ...
Commentary