Back in the December monetary policy announced by the RBI, there was special mention of the banks shifting to an external benchmark for pricing loans. This was part of the policy statement and was expected to make a big difference in the way banks price Read more [...]

In the last week of March, the RBI introduced the new concept of dollar swap auctions in the Indian money markets. The first issue of dollar swaps attracted buying interest of $16.3 billion against the offer size of $5 billion. That surely means that Read more [...]

For the third time in succession, the proposed BREXIT deal was rejected by the British Parliament. Theresa May counted on a mix of Conservatives, North Irish party and Labor dissidents to help the BREXIT deal sail through. In fact, Theresa May had even Read more [...]

Rate cut hopes are back in the Indian bond markets. Economists and bond traders are already factoring in a 25 basis points repo rate cut in the April monetary policy which the MPC is expected to announce in its April 04th policy decision. The survey conducted Read more [...]

The Nifty appeared to have forgotten the sharp correction of Wednesday as a mix of selective buying in financials and short covering in IT and FMCG stocks took the markets higher on the day of F&O expiry. The sharp fall in oil prices came after Read more [...]

It is now official that the direct tax collections are really short of the target. The CBDT has raised an alarm over a 15% shortfall indirect tax collections as per the data for direct taxes collected till March 23rd.  There was the visible weakness Read more [...]

After a sharp rally on Tuesday, it was a disappointing day for the Nifty and the Sensex as it corrected nearly 450 points from the peak. Autos and Pharma stocks took a major hit in trading on Wednesday. Oil has again closed at the psychological Read more [...]

Two months ahead of the onset of the South West Monsoon, there seems to be good news from the weather office. The Med department has predicted robust monsoon in 2019 subject to El Nino effect The IMD is predicting a very low probability of an El Nino Read more [...]