Two things are expected of the RBI today, in their monetary policy statement. One, that it will not raise interest rates – a stance taken already in end November in their mid quarter review – or actually cut rates. Second, that it will effect a cut on the Cash Reserve Ratio (CRR) from the current [...]

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In my first post, I’d asked what you would do if you lost your job. Not too many responses came about, and I think that’s because people don’t think such a thing will happen to them. But obviously they all sympathize. I won’t claim to be different. There are just a few things that come [...]

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The folks at cycle.in continue providing seasonally adjusted data, and noteworthy this time is Non-Food Credit and Bank credit to the commercial sector: (L-R Non-food credit, Bank credit to commercial sector. Click for larger images) The SAAR (Se…

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Inflation at the Primary Articles Level has gone down to a low 13.38% now, the benefit of a near vertical rise last year. While this is lower than the massive 20% levels we’ve seen, it is still a little too high. Also, since the 2 month ago figures a…

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RBI releases India’s credit growth stats show Bank Credit at 19.6%, with credit coming down from 33.63 trillion (1 Trillion = 1 Lakh Cr.) to 33.57 lakh cr versus a fortnight earlier. Credit growth is down to 19.06% from 21.18%. (Click to view lar…

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Today’s Bank Credit data showed a move up to 21.57% from last year, with an increase of 92,000 cr. over two weeks ago. Credit offtake is increasing dramatically, and it’s now the highest growth since Jan 2009.
This post is written by Deepak Sh…

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As on 18th June, Bank credit growth is 19.5% and the highest since Jan 2009. There will be a new data point tomorrow. Strong bank credit growth is good for the economy, but in a time of huge inflation it might not be considered good. Plus, a bulk …

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The wholesale price index is on fire yet again. The latest data – for May 1 – shows primary articles at 16.76% inflation, with the index widening 2.5% from just the week earlier to 299.5. (My earlier reports had some incorrect data for the midd…

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A volatile week on Dalal Street has ended. With the Nifty closing at 5305, the week saw us go all the way down to the 5160 levels and recover from there; FIIs, on the back of the GS story, sold about 1000 cr. in the first two days of the week and bough…

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RBI’s latest data shows Credit Growth at 16.14%.    (Click for larger images) Is this because of the lower base effect in 2009? Not really, since we have grown 35% since 2008. However you see it – credit growth is perking up. But …

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