Tuesday, October 30, 2012

30/10/2012

RBI chides Banks for not sharing information.
Earlier,today [30/10/2012],, the RBI has kept the interest rates unchanged but reduced CRR by 0.25%.Chidambaram was UNJUSTLY unhappy with this correct move.In fact,the RBI should have kept the CRR also the same or hiked it,as the banks are in a precarious position.
CAG and RBI are asserting themselves against a DICTATORIAL CENTRE.
Fears are being expressed,that Hurricane sandy may leave HIGH Crude prices in her wake.
Rail fares may be hiked,as per the new Minister,Bansal.
     The above two will result in HIGHER Inflation......
Sensex  -205;          18431
vix[fear index]:-
-India  -       15.17;+0.05;+0.33%
Institutional Buying:-      
i)Foreign Rs Crores      -          -192
ii)Indian    " "                  -          -32
BDI   $  1043; -5;-0.49%;   ABOVE 200 DMA of 895[weak Dollar],but too low
, GLOBAL ECONOMY  in trouble.Fiscal Deficits and Debts  of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold       1711 $/US Oz  [Higher margin requirements for gold trades, were announced Friday (4/5/2012)by the CME Group.Bankers who short Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the othjer way. ]
Silver     1021 $/kg
Copper   3.5140 $/lb  
Reuters CRB Index US $ 295.23
Brent Crude    108.96  $/bbl
----------------------
Crude Oil (Indian Basket  29/10/2012
-     In US Dollar ($/bbl) 107.29
-     In Indian Rupees (`/bbl) 5773.27
-     last fortnight      "   "         5806.67[October 1 st to 15th,2012]
Exchange Rate  (`/$) 53.81
----------------------
US Dollar Index 79.94
Re V Dollar          53.96
HSBC Markit Purchasing Manger's Index,was 52.8,in August,compared to 52.9, in July,2012
Above 50 indicates growth.
Nifty Futures [Monthly]  28.35 points , PREMIUM/Discount,30/10/2012
P/C  NIFTY 0.89

Will be updated......

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