Markets are down over 2% and Banks over 3%. There are reasons, and some of them were the capital controls imposed on Wednesday, and the fact that Chidambaram ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
