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Month: September 2013

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RBI Will Remain the Lender of First Resort

RBI has promised liquidity to the system: Beginning with the Mid-Quarter Review of September 2013, the Reserve Bank of India began a calibrated unwinding of ...

NSEL: Anand Rathi Raided, Money Laundering, Auditors Flee, Yet Another Default

Since many of you are bored of NSEL, I’ll stop writing about it NO! This is a matter of serious outrage and we can’t let these fellows go scot free! ...

Nifty Stocks Above DMA Shows Potential Fall

A proprietary indicator I’ve developed, called the “Net stocks above the 20 DMA” is showing a potential steep fall in the index. This is calculated by ...

Will There Be No More 0% EMI Schemes?

It seems – and we don’t know this for sure – that RBI is not happy about 0% EMI schemes. In these schemes, people pay on a regular basis ...

Biggest Bond Devolvement of 2013 at Rs. 4,000 cr. Makes This the Worst in 12 Years

The 15,000 bond auction devolved over 25% today – that is, there weren’t enough bidders on the bonds and primary dealers HAD to buy it (they had ...

Real Estate: Builders Not Delivering, High Unsold Inventory and Then, Defaults

In real estate, for you on a Monday, is not good news. They aren’t finishing their projects, says Mansi Taneja at Business Standard. Till July this year, of ...

My name is Ben, and I’m a Central Banker.

Five years ago, the economy was in trouble. We decided that the best way for the economy was for us to buy all this mortgage stuff that other people didn’t ...

NSEL: The 5,500-crore Scam No One Wants to Deal With

Originally written for Yahoo. An innocuous-looking notification from the Forward Markets Commission (FMC) came in on July 12, 2013. And in the offices of the ...

Weekly Digest: Increasing Volatility, “Real” Nifty Weakness, Rajan’s Day Out

Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back Oh, Volatility is here. I had written in April that we were seeing unusually ...

Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back

Oh, Volatility is here. I had written in April that we were seeing unusually low volatility for what should be a much more squiggly index, with zero 2% days in ...