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707 ArticlesEconomy

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IIP for August 2011 at 4.04%

The Index of Industrial Production (IIP) data for August 2011 was 4.04% higher than last year. Note: This is not very reliable data, so take it with ...

The Heat Is In The Kitchen

Markets all around the world are crashing. India was down 4% Indonesia: -9% Hang Seng: -5% CAC (France): -5% DAX (Germany): -5% FTSE (UK): –4.6% The US ...

RBI Raises Rates 0.25%: Sep 16, 2011

RBI moves rates up in it’s mid quarter review by 25 bps (0.25%) to 8.25%. This is a continuing anti-inflation stance that RBI has, which means raising rates ...

Petrol Prices Up By Rs. 3.14 per liter (Bonus: Petrol Chart Since 1989)

According to NDTV, petrol prices are up by Rs. 3.14 per liter from midnight. Prices of Brent Crude remain over $110 per barrel, and that is really the ...

Rupee Goes Towards 48 to the USD

The rupee is trading at Rs. 48 to the dollar today, in the futures market. The RBI ref rate was at 47.1, and we are close to 2 year highs. The longer term ...

Will The RBI Raise Rates Again?

On Friday, the Reserve Bank of India will release the mid-quarter review of Monetary Policy (12 noon). Will it raise rates again, after 11 consecutive rate ...

July 2011 IIP at 3.3%

The Index of Industrial Production (IIP) data was released today and it’s down to 3.3% from last month’s 8.22%. Note that this is a very volatile indicator ...

RBI On Forex Rates and CRR Hikes

I wrote at Yahoo about "Why Only Interest Rates?" (Will post article tomorrow). I just noticed that the RBI released an audio recording of a ...

364 Day T-Bill Auctions Go Higher Than 10-yr bonds

Yesterday’s T-Bill auctions were the first after the rate hike and there has been a spike (Only 91 day and 364 day t-bills were auctioned yesterday, 182 ...

RBI Hikes Interest Rates By 0.50%

The RBI increased Repo rates to 8% (from 7.50%), a 50 basis point increase. Repo is what banks pay to borrow overnight from the RBI, a key rate that is usually ...