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707 ArticlesEconomy

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May 2012 IIP Up 2.4%, But Watch Revisions

The Index of Industrial Production (IIP) for May 2012 was at 170.4, a 2.4% increase over the same level last year. But you must note that this can be massively ...

GDP Data Fudge Vs. BoP: Recent Differences?

On popular demand, I post a graph of the difference between the GDP data and the RBI Balance of Payments (BoP) data. This is referencing my posts on how the Q4 ...

India *HAS* Seen Negative GDP Growth, BoP Confirms Data Fudge

In an earlier post (Has India Plunged Into Recession? GDP Data Fudge Reveals Details) I spoke of how the import-export data was likely to be heavily wrong. The ...

RBI Debases Our Currency By 15% p.a. Since 2001

Can also read: Why Gold is Such a Good Investment? And: RBI, A Substantial Contributor To Inflation? Consider the alternate explanation to inflation: It’s ...

RBI Does Piecemeal Reform on Foreigners Buying Debt

RBI has increased the limit on foreign investment in Rupee Denominated Government Bonds to $20bn from $15 bn. (And in a timely way, Dheeraj and I wrote an ...

RBI Dictates How Oil Companies Should Buy Dollars!

RBI has asked oil companies to buy half their dollar demand from one public sector bank of their choice, says Moneycontrol. RBI feels that oil firms seeking a ...

The Macro Trumps The Micro

I write at Yahoo: The Macro Trumps The Micro You can’t buy stocks on merit anymore. You can do the most beautiful analysis about a company that owns a ...

A Simpler Version of the RBI Statement

There is no RBI Rate Cut. There is no CRR cut. The RBI, in its mid-quarter review of monetary policy, decided that the situation warranted no change in any of ...

Pre-RBI Action Notes: The Broad Picture

Before the RBI mid-quarter monetary policy review later today, let’s go through a few things. Indian Situation Growth has slowed. GDP is officially down ...

RBI Intervention Is Not Working For The Rupee

The Reserve Bank of India sold just 275 million dollars in April, even as the Dollar Rupee exchange rate rose from 51.1 to 52.5. Data from the RBI Bulletin ...