| Call rate on 15th | 10.04% |
| S&P 500 returns | -9.03% |
| VIX | 69.25 |
| Nikkei 225 (9:20 AM IST) | -9.55% |
| US Financials index | -9.37% |
| ICICI Bank ADR | -14.2% |
| Currency futures (9:20 AM IST) | 49.14 |
- RBI works further to strengthen rupee and dollar liquidity.
- SEBI raised margins for exchange-traded equity derivatives.
- A few other moves: MOF releases resources to banks, pulls up the weakest banks to 12% capital adequacy, and (most interesting) doubles the FII limit on corporate bonds to $6 billion.
- Jayanth Varma in Financial Express on problems of home loans in India.
- Shashi Tharoor says we shouldn't squander the opportunities from economic reform.
- Early signs of a thaw in the global credit market.
- US retail sales slowed down in September.
- What happened in the world markets yesterday, reportage in Financial Times by Chris Giles, Javier Blas and Krishna Guha. Also see this by Chris Flood in FT.
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