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707 ArticlesEconomy

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GDP Growth in March 2015 Falls to 6.1%, Low Inflation Helps As Nominal Growth Nears Decade Low

India’s Q4 GDP Came in at a low 6.1% for Q4 2015, as measured by the new method (which states GDP growth as much higher than the old method). Growth in ...

Rising Yield Impact: Bond Auction Flops, Primary Dealers Have to Underwrite 2,600 cr. of 20 and 30 yr Bonds

After the cancellation of the 364 day T-Bill auction on Wednesday, we have further drama in bond markets. The 20 and 30 year bonds, auctioned today for 3,000 ...

What Happened With The 364 Day T-Bill on Wednesday?

Okay, so hardly anyone notices this stuff. The RBI keeps holding auctions of T-Bills – or Treasury Bills – every week. These are notes for ...

IIP Disappoints Again, At Just 2% Growth in March 2015

For March 2015, the Index of Industrial Production (IIP) fell to 2.1% after an exciting 5% in February. March is usually big, because companies like to step up ...

RBI Buys a Record $96 Billion in 2014-15, as Forex Reserves Cross $350 Billion

2014-15 was the biggest Year for RBI Dollar purchases, ever. With over $10 billion purchased in March ($7.6 billion in cash, $2.5 billion in forward ...

Government Says Let the Courts Decide the MAT Issue for FIIs

The government has refused to budge on the FII tax issue, it seems. Recently, the tax department had started to issue notices for Minimum Alternate Tax (MAT) ...

IIP At a High 5% in Feb 2015, But Mostly Due To Base Effect

The Index of Industrial Production (IIP) for Feb 2015 came in at 5%, which was a biggest we’ve seen in years. However, note that much of this is due to ...

RBI Is Buying Dollars Like They're Going Out Of Fashion, With Reserves Up To $347 Billion

RBI’s forex reserves are up to a record $347 billion, including its known forward exposure. In data released today, RBI’s forex numbers came in at ...

RBI Says Okay to Slightly More Speculative Trading on the Rupee

RBI has increased limits on trading on the exchanges of currency derivatives. Earlier, total limits on forex derivatives (of all currency pairs combined) was a ...

NBFCs Want To Offer 0% EMIs Online, But RBI Will Soon Clip Their Wings, We Think

NBFCs are getting ready to offer zero-interest EMIs on online portals: “We are in talks with all the leading ecommerce sites to start zeropercent EMI ...