BONDS, CURRENCIES & COMMODITIES


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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The NSEL fiasco is part of a wider problem: poor financial market regulations across capital market, insurance and banking. The government is apparently considering a new regulation for commodity markets. Why wasn’t this a given higher priority than arming a corrupt and inefficient SEBI...

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Moneylife Digital Team 04 August 2013
NSEL has proposed a partial payment option. It remains to be seen how the stakeholders view them The National Spot Exchange Ltd (NSEL), which is facing a payment crisis, today announced plans to implement the settlement of dues in accordance with exchange rules and bylaws. Mr. Anjani...

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When foreign investors have been net sellers in a month, the rupee has depreciated 89% of the time. The rupee could be under pressure if India does not get strong capital inflows as in the past Foreign flows into the equity market have always been a determinant of the strength of the...

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Sushmita V Gopalan 24 June 2013
Until now, all eyes have been on FII investment fluctuations in the equity market. However, as we watch the consequences of the massive pull-out of FII investment from the debt market play out, it emerges as a new source of volatility for the Indian rupee In June 2013 foreign...

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Moneylife Digital Team 21 June 2013
The company said the decision has been taken in view of the government’s “publicly stated objective of minimising gold imports that are seriously hurting the country's economic interests”   Amid growing concerns over huge gold imports hurting the country's economic strength, financial...

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Moneylife Digital Team 21 June 2013
The rupee weakened further by 13 paise to trade at Rs59.70 against the US dollar in early trade on Friday, on unrelenting capital outflows and strong demand of the American currency from importers Continuing its decline, the rupee weakened further by 13 paise to trade at Rs59.70 against...

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Moneylife Digital Team 20 June 2013
Besides gold, silver, crude oil and base metals, processed farm items like sugar, soya oil and guar gum will come under CTT, according to the notification from the finance ministry   Commodities Transaction Tax (CTT) will be levied at 0.01% on various non-agricultural commodities,...

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Moneylife Digital Team 18 June 2013
Poor sales and demand for cotton seed in western Vidarbha indicates that farmers could shift from cotton to pulses like tur, chana and even linseed besides soyabean Large number of traditional cotton growers in the Vidarbha region of Maharashtra may shift to soya this Kharif season as...

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Moneylife Digital Team 10 June 2013
The rupee has been falling for five straight weeks, taking its losses since the start of May to 5.71%, to make it among the worst performing currencies in Asia during this period The rupee breached its all-time low of 57.32 against dollar in early trade today. It traded at 57.52 against...

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Moneylife Digital Team 22 May 2013
The government has reduced the import tariff value of gold keeping in view the weak global prices of precious metals In the wake of falling global prices of precious metals, the government today further reduced the import tariff value of gold to $440 per ten grams, while it has been...

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Moneylife Digital Team 22 May 2013
The conventional wisdom is that commodity prices go down when the dollar rises. But the recent weakness in commodities is not just due to a higher dollar, says Credit Suisse. Weak economic data coupled with slack in demand are the major reasons Commodity prices all over the world have...

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