In what seems to be a mechanism to fight the outflow of money, Indonesia has raised interest rates by 0.5%. The new rate is now 7%. Brazil on the other hand is ...
Outgoing RBI Governor D. Subbarao leaves with a parting speech that will make some snigger, but it has lessons in it for most others. I thought he had a great ...
The RBI announced forex swaps with oil marketing companies (IOC, BPCL, HPCL). They will take rupees from the oil companies, and give them dollars. The reverse ...
In 1961, when Kennedy became President, the US was going through a recession. The answer was to lower interest rates, but since rates were higher in Europe ...
(The name credit is to @eyeofsiva who will probably disagree with my opinion on it!) RBI has decided to panic as the 10 year bond went to 9.24%. In an ...
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 ...
When the Reserve Bank of India says it will cut liquidity, it means serious business. Coming up, from next week, is another massive measure to remove rupees ...
We have a boring macroeconomic policy in which NOTHING happened. This is horrible for media companies and TV companies who have lined up experts to speak ...
The RBI has always concentrated on Wholesale Price Index (WPI) based inflation. As I’ve noted, there is a huge difference between inflation in wholesale ...
India will continue to import Gold no matter what, it seems. The RBI has gone ballistic over gold imports, creating further barriers to the process. In a ...
