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707 ArticlesEconomy

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What We Did Not Expect, Happened: 50 Basis Point Rate Cut!

RBI has cut rates by 50 basis points – which is 0.50%. That means everything is cheaper! Even in stock markets! (Nifty is currently lower. But it’s ...

Will Rajan Cut Rates? 10:30 AM Edition

Dear Mr. Rajan, You are being asked, no, told, no, ordered to cut rates today. This almost sounds like something you should rebel against, because no one ...

IIP at 4.22% But Big Past Revisions Make It Unreliable

The Index of Industrial Production (IIP) for July 2015 moved up 4.22% from a year ago. Even last month’s numbers were revised upwards to 4.36% (from ...

Banks Closed on 2nd and 4th Saturdays, No NEFT/RTGS; But Full Days on Other Saturdays

In a body blow to the political parties that either wanted to work all Saturdays or to party with bankers on all weekends, the RBI has in a sober note ...

RBI Says Duh, Real Estate Demand Can Be Driven Far More If Developers Cut Prices

Rajan, in an interview with Arundhati Bhattacharya (Chief of SBI) shows some real gumption when AB asks him: “I was thinking if it is possible for a ...

IIP for Jun 2015 at +3.8%, Manufacturing Rebounds and Consumer Durables Spike

India’s Index of Industrial Production (IIP) grew 3.8% over the previous year, a four month high. (Largely because the headline number of 4% of April was ...

The Summary of the RBI Policy Today, In Which They Did Not Cut Rates

RBI did not cut rates today, like we had expected them not to. There was no reason to cut, and in fact more reasons not to. What the RBI said was: We’re ...

RBI Makes Useless Prepaid Card Rules for Metro Transit Systems, What Were They Thinking?

The RBI has new “Guidelines for Prepaid Instruments for Mass Transit System“. This is like telling people now, in 2015, that you are allowed to ...

IIP for May 2015 At A Lousy 2.7%, April's Wow Growth Revised Downwards

The Index of Industrial Production (IIP) for May 2015 is lower at 2.7% compared to April. Who am I kidding? This is just MISERABLE. This is the kind of number ...

RBI Board Meeting: FII Limits Could Be Raised, NBFCs Might Aggregate Financial Data

Foreign Investor limits on Indian Government bonds might be raised, according to Raghuram Rajan, the RBI Governor, the Hindu reported. But this will be done ...