Dr. Raghuram Rajan has raised the repo rate (overnight borrowing rate for banks) by 25 basis points (0.25%) to 7.5%. Banks which were required to keep ...
Short Answer: Only Rajan Knows. Long Answer: Only Rajan Knows, and it’s useless to predict it. The pieces of data that Rajan will use are what we’ve seen ...
While the Reserve Bank of India has allowed banks to hedge the currency risk of FCNR deposits (deposits in Indian banks in dollars) with a cost of 3.5% versus ...
From the government: Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. 2,11,641 ...
The Reserve Bank of India, after getting sick of telling banks to please not allow their clients to transfer money to forex trading accounts (forex trading ...
With the rise in the Index of Industrial Production (IIP) yesterday to +2.6%, a rumour started to float around that all of this was caused by a spike in one ...
The Index of Industrial Production (IIP) for July 2013 was revealed to be at 2.63% over July 2012. This is a huge improvement, and long term readers of Capital ...
Medianama has a great post on what the new RBI Governor should do about Mobile Payments. India has been a graveyard of mobile payment companies (MChek, Paymate ...
The RBI now has a 3.5% swap available for FCNR deposits. Which means effectively the hedge cost for banks is now just 3.5%. A quick look at what banks are ...
Dr. Raghuram Rajan takes his stand as the Governor of the Reserve Bank of India. Generous praise has been showered upon him already, making him look like James ...
