Categories : Blog (249)

State Bank of India led the way, and like a pack, most state- owned as well as private banks followed suit by announcing substantial reductions in loan rate, in a bid to stay competitive and attract credit demand amid weak loan growth. While some...

Nifty 2016 - Technical review

The year 2016 had been perhaps one of the toughest year for technical chartists insofar as forecasting the Indian equities is concerned. The flat YOY closing of benchmark completely belies the drama that occurred during the year. In the end, the...

Nifty: Opportunity beckons in 2017

The year 2017 is beginning in an environment of extreme uncertainty and skepticism. The global economic and geo-political order appears standing at the brink of major change. The domestic context also appears challenging as the businesses adjust...

While few will be trading in the week between Christmas and New Years, we thought it might be helpful to review the dollar's technical condition.We make two overall points.   First, although the dollar's rally strengthened and extended after...

Happy Holidays!

Happy Holidays! As the Holiday Season is upon us, we find ourselves reflecting on the past year and on those who have helped us shape our business. Year 2016 has been a meaningful and victorious year, for all of us at Silkrose Fiscal Services...

Flurry of US data before Christmas

A wave of US data on Thursday left market participants with plenty to contemplate over the holidays. The euro was the top performer while the pound lagged as cable fell to the lowest since Nov 2. The Asia-Pacific calendar is...

An Idea whose time has come

Pursuant to our request yesterday , we have received a number of suggestions as to the topics we should be delving upon while formulating our investment strategy for next year or so.   Not surprisingly, most of the people want to know...

Bizarre as it may sound, a seemingly innocuous item with a weight of just 0.12% in the Index of Industrial Production has been throwing the overall factory output data completely off track.   Had it not been for this one item--rubber...

If the minutes of the first meeting of the Reserve Bank of India's​ Monetary Policy Committee were roundly criticized for shedding little light​ on the discussions held between the six members on Oct 3-4, the latest​summary of the discussions...

The Destination tax murmurs begins

The idea of a 'border tax' as part of corporate tax reform by US is grabbing headlines and the consensus view is that it would be good for the US dollaras it incentivizes companies to move production to where the goods are sold and US exporters...

Driven by hope, lacking in optimism

As the 2016th year of Christ draws to a close, it's again time for reflection, reassessment, and re-strategizing for investors.   Despite a setback in 4Q 2016, the year has been largely satisfactory for Indian investors.1   While...

In search of solutions - 12

At the risk of sounding irritatingly repetitive, we would like reiterate that in past 6 decades we have focused too much on our weaknesses and tried hard to overcome by importing technology, energy, intellectual property, capital and consumption...

The Ebb and the Flow

The US dollar index is generally a poor representation of the broad US dollar because it's not trade weighted but it's still the most popular measure of the USD. On Tuesday it touched a fresh 14-year high. Later, the dollar edged back 30...

Micro finance companies - Update

Event 1: Government of Maharashtra to set up special investigation team (SIT) to ​ ​probe violations      ​(a) ​  Local politicians in the Vidarbha and Amravati region have alleged that MFIs  ​ ​  have resorted...

In search of solutions - 10

The young demography is inarguably the core strength of the Indian economy. My concern is that, if not managed properly this may as well prove to be the nemesis of the fabled India story.   We must accept that despite being one of the...

Jawboning by Kuroda, may be!

Jawboning doesn't always work; but a central banker is most-likely to move the market with vague threats when momentum is on his side and the market is off-guard. That's the case today ahead of the BOJ meeting today.   BOJ leader Kuroda is...

Drone talks, China stops

  The US dollar fell on Friday and risk assets reversed lower after China captured a US underwater drone in international waters. The move sparked tensions and tweets from the President-elect but it stopped there as China,...

The US presidential election next week and FOMC meeting next month are inarguably the two most keenly watched events in the financial world currently. As things stand this morning, FOMC decision is mostly being seen as a function of the election...

Seeking divine guidance

After a refreshing Diwali break, we are back to our daily routine. During the break we resumed our research on the great epic Ramayana, after a break of 18years.   We strongly believe that though this epic has been told and re-told many...

Clinton and Carney Crunch Time

US election news are now inescapable and market moving. Clinton's chances of winning diminished to some degree on new suspicions of inappropriately handling emails. She remains a favorite but with the surprise Brexit vote fresh on the minds of...

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