September 2013 at Capital Mind - Monthly Summary
In a new format, we introduce the Capital Mind Monthly Archive. So if you took a month off, you can quickly look at what we’ve been writing about at Capital Mind.
Macro and Markets
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Gold Returns Adjusted for Inflation Since 2007 are Stellar, PPF Not So Much
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The “Real” Nifty Adjusted for “Real” Inflation Will Shock You
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Near Record Number of 4% Weekly Moves in the Nifty; 2013 Brings Volatility Back
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The “Real” Nifty, Adjusted for Inflation is 32% Below its 2007 Peak
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Snapshot: Massive Upmove Due to Fed, but Banks Shine Nevertheless.
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IIP for July 2013 at 2.63%, Capital Goods Surprises, Consumer Durables Frightens
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Rajan Welcomed Well By Equity and Dollar, Bonds Don’t Like Him
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Tech Note: BHEL Does Well, Look For Gap Traverse. ACC Might Set Up
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Markets Down 3%, Rupee Past 68. Fears of Syria, Or Something Else?
RBI and Banking
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RBI Bans 0% EMI Loans, Says Customers Must Be Told Real Interest Rate
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Chart: Credit Growth Increases to 18%, Raising Rates Correct Option
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Rajan Bites The Bullet, Raises Repo Rate 0.25%, Untwists Yield Curve
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Huge Cost for Early Termination of 3 yr+ FCNR Deposits Makes it Unattractive
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The Low Risk NRI Mega Return Through Leveraged FCNR Deposits
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MSF Borrowing Reaches a Record 736 Billion; Liquidity Is Very Tight
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RBI With Rajan Opens a Swap Window For FCNR Deposits With Banks
Fixed Income
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Biggest Bond Devolvement of 2013 at Rs. 4,000 cr. Makes This the Worst in 12 Years
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Underwriting Commissions for G-Sec Bond Auctions Go Up Again For the Monday Auction
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CBLO Sees 72% Rates on Cash Crunch, MSF Borrowing Goes To Rs. 1.4 Trillion
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[91-day T-Bill Yields Soften Below 11%. Expecting Easing Rates?](http://c
apitalmind.in/2013/09/91-day-t-bill-yields-soften-below-11-expecting-easing-rates/)
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Real Estate: Builders Not Delivering, High Unsold Inventory and Then, Defaults
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The Real Estate Ponzi Scheme Exposed: RBI Warns Banks Funding Builders with Upfront or 80:20 Loans
NSEL
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NSEL: Anand Rathi Raided, Money Laundering, Auditors Flee, Yet Another Default
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Is Jignesh Shah Trying To Sell His Stake in FT? FMC Says Fit & Proper Status at Risk
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NSEL E-Series Gold and Silver Audited by Sharp & Tannan, Redemptions Could Be In Cash
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NSEL’s Insider Nexus, Gets Called For Fraud, Serious Media Attention
