The new RBI Governor, Raghuram Rajan, attempts to open the floodgates of foreign capital into India. Banks that raise Foreign Currency Non-Resident (FCNR) ...
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 ...
The Food Security Bill has been passed and markets don’t like it. Banks are down 5%. Everything has crashed across the table, except for IT. The dollar ...
Coming to you one day late, is the economic calendar for the week. Bond Auctions On Monday, 11,000 cr. worth of 48 Day Cash Mgmt Bills were auctioned at ...
(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 ...
The Finance Minister has said that India will, in effect, try to close a large gaping hole in our current account using some sort of quick-drying glue. ...
The Index of Industrial Production (IIP) for June 2013 comes in at –2.20%. While this is largely unreliable data, it’s all we have so we’ll have to go ...
