Rafael's Feed
Jan 30, 2015

BSE slashes fees in FX derivatives battle with NSE

MUMBAI (Reuters) – India’s oldest stock market operator, BSE Ltd, is slashing fees to gain ground in new markets, turning currency derivatives into the latest battleground in its long-standing rivalry with the younger but larger National Stock Exchange.

BSE said the derivatives move was part of a strategy that accepted sacrificing potential profit margins to build volume, as it aims to become a more dominant player beyond bread-and-butter equities trading.

Jan 30, 2015

India’s BSE slashes fees in FX derivatives battle with rival NSE

MUMBAI, Jan 30 (Reuters) – India’s oldest stock market
operator, BSE Ltd, is slashing fees to gain ground in new
markets, turning currency derivatives into the latest
battleground in its long-standing rivalry with the younger but
larger National Stock Exchange.

BSE said the derivatives move was part of a strategy that
accepted sacrificing potential profit margins to build volume,
as it aims to become a more dominant player beyond
bread-and-butter equities trading.

Jan 15, 2015

RBI makes surprise early rate cut, more expected

MUMBAI (Reuters) – The Reserve Bank of India (RBI) surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation and what it said was a government commitment to contain the fiscal deficit.

While the early move was unexpected, aggressive reductions in rates have been expected over the course of the year to help India’s economy out of a rut, with growth rates struggling to recover from their weakest levels since the 1980s.

Jan 13, 2015

Investors may cut India slack on deficit target, if budget credible

MUMBAI (Reuters) – Indian bond yields may not spike if the government opts to increase spending when it unveils its annual budget in late February, so long as the deficit target is widened to no more than around 4 percent and fiscal consolidation steps are taken.

Some government economic advisers have recommended Finance Minister Arun Jaitley should row back on a fiscal deficit reduction plan that would aim to bring the deficit down to an eight-year low of 3.6 percent of GDP in the fiscal year starting in April.

Dec 29, 2014

Help wanted: “Make in India” drive lacks skilled labour

MUMBAI (Reuters) – In a classroom of construction firm Larsen & Toubro’s (LART.NS: Quote, Profile, Research) training centre outside Mumbai, an instructor lifts up a tool and shows it to his students: “Clawhandle,” he tells them.

“Clawhandle,” chant back the young men, gathered under a picture of Vishwakarma, the Hindu god for craftsmen.

Dec 29, 2014

Help wanted: India’s ‘Make in India’ drive lacks skilled labor

MUMBAI (Reuters) – In a classroom of construction firm Larsen & Toubro’s training center outside the Indian city of Mumbai, an instructor lifts up a tool and shows it to his students: “Clawhandle,” he tells them.

“Clawhandle,” chant back the young men, gathered under a picture of Vishwakarma, the Hindu god for craftsmen.

Dec 2, 2014

India’s RBI leaves rates on hold, says could ease early 2015

MUMBAI (Reuters) – The Reserve Bank of India held interest rates steady as widely expected at a policy review on Tuesday, and said it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit.

Uneasy over India’s weak recovery from its slowest phase of growth since the 1980s, the six-month-old government of Prime Minister Narendra Modi had been seen as favoring an early reduction in rates, but RBI Governor Raghuram Rajan said containing inflation was a prerequisite.

Dec 2, 2014

RBI leaves rates on hold, may cut early next 2015

MUMBAI (Reuters) – The Reserve Bank of India (RBI) held interest rates steady as widely expected at its policy review on Tuesday, but said it could cut interest rates by early next year depending on whether inflation eases further and on fiscal developments.

Forty-one of 45 economists polled by Reuters had forecast that the RBI would keep the repo rate at 8.00 percent, while four expected a reduction of 25 basis points.

Dec 2, 2014

India’s RBI leaves rates on hold, may cut early next 2015

MUMBAI, Dec 2 (Reuters) – The Reserve Bank of India held
interest rates steady as widely expected at its policy review on
Tuesday, but said it could cut interest rates by early next year
depending on whether inflation eases further and on fiscal
developments.

Forty-one of 45 economists polled by Reuters had forecast
that the RBI would keep the repo rate at 8.00
percent, while four expected a reduction of 25 basis points.

Dec 1, 2014

India’s RBI seen holding rates, sounding dovish to soothe government

MUMBAI (Reuters) – The Reserve Bank of India is expected to keep interest rates unchanged on Tuesday, staying focused on containing inflation, while adopting a more dovish tone in response to the government’s call for help to revive economic growth.

Forty-one of 45 economists saw the RBI keeping the repo rate INREPO=ECI at 8.00 percent at its policy review, while four expected a reduction of 25 basis points.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
    • Follow Rafael