BONDS, CURRENCIES & COMMODITIES


Moneylife Digital Team 02 September 2013
With the worsening current account and fiscal deficits and rushed policy-making, Nomura feels that Indian economy will have a tough time bouncing back, with balance of payments issues to be the cornerstone of her recovery In a Special Report, Nomura Singapore is bearish on the Indian...

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Sucheta Dalal Sucheta Dalal 02 September 2013
The NSEL scam only happens to be the biggest of the multiple scams that have hit the commodities markets, thanks to poor regulation Prime minister, Manmohan Singh, likes to blame all the lapses of his government on ‘coalition dharma’. Well, in addition to the long list of scams and...

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Moneylife Digital Team 28 August 2013
While regulators, investigation agencies are apparently working hard at tracking Rs5,600 crore that seems to have vanished from NSEL without a trace, the 'investors' who are fighting for their funds held a unique protest outside the exchange plaza -- almost every one of these protestors are...

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Moneylife Digital Team 28 August 2013
At least eight foreign currencies, including Isle of Man pound, Gibraltar pound and Jersey pound currently trade over the 100 mark against the Indian currency. While euro and Jordanian dinar are in 90s, there are about 50 foreign currencies trading at over 50 level against the rupee Even...

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AK Ramdas AK Ramdas 28 August 2013
While the rupee is touching new bottoms every day against the US dollar, the number of fake currency notes in India is increasing. Even the Security Press is printing blank notes. Can the new governor of RBI look at polymer currency notes? Dr Raghuram G Rajan, Officer on Special Duty...

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Moneylife Digital Team 27 August 2013
In the Harshad Mehta scam bankers were issuing fake bankers receipts or BRs, representing government securities. But while BRs were accepted on the basis of trust, NSEL created the illusion of a 'trade guarantee fund' which has mysteriously vanished History never repeats itself, but it...

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Moneylife Digital Team 26 August 2013
NSEL said these five defaulting members did not have adequate commodities in the warehouses, which is against the mechanism specified in the Exchange circulars National Spot Exchange Ltd (NSEL) said it has filed complaint against five of its defaulting members before the investigation...

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Moneylife Digital Team 26 August 2013
National Bulk Handling Corp said its exposure in NSEL is less than 3% of its total warehousing stock National Bulk Handling Corp Ltd (NBHC) on Monday said that the company and National Spot Exchange Ltd (NSEL) are totally different entities and it does not handle NSEL warehouses except...

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AK Ramdas AK Ramdas 26 August 2013
The Indian government may consider setting up National Savings and Investments Authority -NS&I like the UK to issue premium bonds and also use lottery system to generate more revenues for the exchequer Both finance minister P Chidambaram and Reserve Bank of India (RBI) governor D...

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Moneylife Digital Team 26 August 2013
Guru has alleged that few 'bad people' have entered the Exchange and they should be punished Shankarlal Guru, has stepped down as non-executive chairman of National Spot Exchange (NSEL), saying that some 'bad people' have entered the crisis-ridden Exchange and were responsible for its...

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AK Ramdas AK Ramdas 23 August 2013
In case of oil and gas, it is neither possible nor desirable to completely stop imports as we have long term supply agreements on hand.  But, what can be done that needs to be put into immediate effect? Some measures that the government can take. According to various financial experts,...

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Moneylife Digital Team 21 August 2013
The British pound has become the first major foreign currency to cost more than 100 rupees apiece The Indian rupee closed Wednesday at 64.02 against the US dollar, while breaching the 101 lever against the British pound as foreign investors continued to unwind their investments from the...

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Moneylife Digital Team 16 August 2013
As the US Treasury yields soared to their highest in two years yesterday, foreign investors sold off bond and equity, pushing rupee to an all-time low of Rs62/$  The Sensex today fell by a huge 769 points, a selloff that has no apparent reason except that the rupee weakened a bit...

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Moneylife Digital Team 14 August 2013
Brokers who have an inglorious record of dealing with stock investors are demanding money from, and action against, NSEL. However, it is not only the Exchange that is to blame, but brokers who have mis-sold the NSEL product to investors. They too are liable for legal acton by their clients

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Moneylife Digital Team 13 August 2013
MCX and FT have financial obligation claim the brokers and threaten to move court if Forward Markets Commission does not guarantee payment   Following the payment crisis in the National Spot Exchange Ltd (NSEL), brokers of the exchange have united and demanded the government should...

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Moneylife Digital Team 08 August 2013
While most commentators are focused on current account deficit-CAD as a source of rupee weakness, over the short term, it’s the sales by FIIs in the debt market that is dragging the rupee down. That, in turn is influenced by the rising yield in US 10-year rate, fuelled by fears that Federal...

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Moneylife Digital Team 07 August 2013
Forward Markets Commission has been given more powers to handle the NSEL settlement issue worth Rs5,600 crore The union government on Wednesday said that it has issued a notification giving more power to commodities market regulator Forward Markets Commission (FMC) to ensure that...

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Moneylife Digital Team 07 August 2013
A sudden turn of events has brought a functioning commodities market to a crashing halt. How did the National Spot Exchange function? Here is a Moneylife interview with NSEL’s top management with verbatim answers National Spot Exchange (NSEL), promoted by Financial Technologies (FT), is...

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Moneylife Digital Team 06 August 2013
E-series contributed about 40% of NSEL’s turnover of Rs18,315-crore in June National Spot Exchange Ltd (NSEL) on Tuesday stopped trading in the last available e-series contracts of items like gold and silver on its bourse, in anticipation of the government’s order banning trade of these...

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Moneylife Digital Team 05 August 2013
National Spot Exchange -NSEL constituted an independent committee to monitor trade settlements worth Rs5,000 crore for which the Exchange would announce the payment plan by 14th August National Spot Exchange Ltd (NSEL) on Monday formed an independent panel for advising and monitoring...

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