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Month: June 2012

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India's Broken Interest Rate Transmission

(From my article at Yahoo) Growth is slowing. At the 5.3% official growth rate, India has grown the slowest in the March quarter in 8 years. Even that is ...

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 ...

Let Foreigners Buy Our Debt

Dheeraj Singh and I write at the Business Standard: It’s time the government opened up to foreigners for its funding. Government of India securities, or ...

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 ...

Sorry, Not Ready.

Why can’t foreigners buy our debt? We are not ready. They can only buy a tiny amount, but if we increase that amount they will buy like mad, and then one ...

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 ...

Chart: NSE Volume To Nifty Ratio Near 6-Year Low

NSE Cash Market Volumes have been pathetic recently, clocking less than 10,000 cr. on average since March 2012. The numbers are bleak – they are the lowest ...

Diversification: The Pluses and Minuses

I write at Yahoo: Diversification, the pluses and minuses A lot has been said about diversification, where you spread your investments across various avenues. ...

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 ...

CPI for May 2012 at 10.4%, Highest Since Sep-2011

Inflation based on the Consumer Price Index was a whopping 10.36%, announced yesterday, for May 2012. This is way higher than the Wholesale Price Inflation of ...