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Why markets may love the new, improved Chidambaram
Finance Minister P Chidambaram is talking the right language, sending out the right signals and doing the right things and the markets are loving it. The Sensex and Nifty are at 2012 highs, the Indian rupee is up over 5.5 percent from the lows of 2012 and Indian government bond yields #MarketWatch #nifty #P. Chidambaram #Sensex
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RBI is giving positive signal; repo cut may come in Oct
The CRR (Cash Reserve Ratio) cut by the Reserve Bank of India (RBI) in its mid-quarter policy review on 17 September is a signal rather than any concrete action on inflation or growth. The CRR cut will infuse around Rs 17,000 crore into the system and this infusion is not #CRR #Monetary policy #RBI #Repo rates
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Why Sensex 20,000 and 5.5% GDP growth are compatible
The headline itself is an anomaly. The Sensex, which is currently at levels of 18,500, is expected to move up by another 8.1 percent to the 20,000 levels in the next few months. GDP growth, which is forecast at 6.7 percent by the government and 6.5 percent by the Reserve Bank #GDP growth #Market Watch #Repo rates #Sensex
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Opponents of diesel price hike eye personal gains
The reaction to the Rs 5 diesel price increase has been predictable. Financial markets have embraced the much needed hike with gains of more than 2 percent in the Sensex and Nifty, six basis points fall in 10-year government bond yields and a 1.5 percent gain in the rupee against #Diesel Price HIke #GDP growth #IIP #RBI #WhyNow
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Investors should position for a resurgent USD
The book by Ro Khanna, The Entrepreneurial Nation, which was reviewed by Firstpost, is released at the right time. It talks about the US coming to the forefront of the world economy and all indicators point to the US resurgence. This is especially true over the last one #"Fiscal Cliff" #Ro Khanna #The Entrepreneurial Nation #WhyNow
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The rupee’s fall is a telling comment on UPA’s failure
Did we need The Washington Post to tell us about the inefficacy of the present government? The performance of the Indian rupee is enough for the world to know that there is something wrong with the country’s economy. The Washington Post article is similar to that of the rating agencies #Current Account Deficit #fiscal deficit #rupee-dollar #SmartMoney
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ECB, RBI traversing rough fiscal waters in same boat
The European Central Bank (ECB) is widely expected to announce purchases of (two- and three-year maturity) bonds of Italy and Spain at its policy meeting scheduled for 6 September. ECB President Mario Draghi had indicated last month the central bank would do all it can to keep the euro stable amid #ECB #fiscal deficit #PolicyWatch #RBI
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Why Chinese slowdown will impact world and India
China’s benchmark equity index, the Shanghai Composite Index (Index), is the worst-performing equity index on a year-on-year basis as of end-August 2012. The index has lost 19.5 percent against the positive performance of other major global indices. The only other major market that has not given positive returns is the #Chinese Economy #HowThisWorks #Shanghai Composite #Slowdown
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Denial will not take govt or India Inc anywhere
Denial is everyday news now. The government denies any wrongdoing anywhere and instead castigates its own agencies for doing their job. Companies deny any poor governance when analysts question their governance and instead go about trying to discredit the analysts who are doing their job. Politicians deny any wrongs happening in #CAG #India Inc #To The Contrary
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Be selfish now: Avoid borrowing, and leveraged stocks
The economic slowdown in India is for real and not just suggested by statistical data. The evidence of slowdown is noticeable. Conversations with friends suggest that their businesses are not doing well or the workplace atmosphere is stressed as targets seem overstretched. Shopping is easier with less crowding. Some malls are #Investing in Slowdown #PersonalFinance #SmartMoney