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4402 ArticlesDeepak Shenoy

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RBI Calms Markets By Downplaying Inflation, Talks Up The Rupee

In a sudden move today, the 10 year bond yield came down from the 9.1% it started with down to 8.91%. At the same time the rupee rose abruptly from the Rs. ...

SEBI Gets Tough on HSBC after MoneyLife’s Expose

Moneylife’s action to expose HSBC for mismanaging the funds of singer Suchitra Krishnamoorthi has paid off; SEBI has now asked HSBC to explain its behaviour ...

CPI Inflation for Oct 13 At 10.1%; Interest Rate Hike Likely?

Okay, we’re now getting into ludicrous territory. Consumer Price Inflation has just crossed into double digits, moving to 10.1% in October 2013. Wholesale ...

IIP Bumps Up to +2% on “Electricity”

The Index of Industrial Production (IIP) for September 2013 has come in at +2.0% in what seems to be a surprise. However the numbers are better due to a lower ...

Reads: Indonesia Ups Rates, Summers Calls India Outlier, NSEL arrests, Thinksoft Soars

Indonesia raises rates by 0.25% to 7.5%. They have now raised rates by 1.75% since June. Inflation there is at 8%, and their current account deficit is 4.4% ...

Apollo Tyres Q2 Profit Up 44%, Cooper Deal in Jeopardy

Apollo tyres Q2 profit comes in at Rs. 219 cr. , a 44% increase over last year. Apollo was set to acquire Cooper tires in the US for $2.5 billion, and after ...

RBI Sells $4bn in Sep 2013, Despite Big Currency Inflows

We note from the RBI Monthly Bulletin, that it has continued its selling spree on the dollar, selling a more than $6.9bn (gross) through the month of ...

Trade Balance for October Back Up to $10 Bn, Oil Imports Weigh

India’s Trade Balance for October 2013 comes in at $10 billion, above the two-year low number of $6.7 billion in September, which I had said was likely to ...

Housing Prices in India Grow 13%, Lowest in Four Years

The RBI Housing Price Index for April-June 2013 is out. Well, sort of. In the quarterly macroeconomic development paper, they’ve released the Housing Price ...

International Indexes in 2013; Nifty Still Ahead in BRIC

It’s been a while since I posted the International Index Comparison, so here goes. International indexes in November favour the developed nations, with the ...