| TED spread | 2.12 |
| S&P 500 returns | -6.71% |
| VIX | 80.86 |
| Nikkei 225 (9:13 AM IST) | -2.22% |
| US Financials index | -9.7% |
| ICICI Bank ADR | -9.72% |
| Call rate on 20thth | 6.2189% |
| Currency futures (9:32 AM IST) | 50.51 |
- I have an article in Financial Express today on the possibilities of enhanced infrastructure spending as a counter-cyclical device. While on this subject, read Ashutosh Kumar in FE today.
- An editorial on the rupee in Financial Express.
- C. B. Bhave on banning short selling; SEBI's statement on ICICI Bank and an edit in Mint.
- The CMIE Monthly Review for November 2008 is at the right hand top here.
I had a query bout the spikes in the interest rate curve I saw for FDs in HDFC & ICICI Banks:
ReplyDeletehttp://www.hdfcbank.com/personal/accounts/fixed_deposits/regular_fixed_deposit/regular_fd_interest.htm#dtd
http://icicibank.com/pfsuser/interestrates/interestrates.htm
There are spikes in the interest rates for specific terms (e.g. 6 M 15 D to 6 M 16 D for HDFC), which last for only a day or two. My question is, why are there such spikes and why only for a day or two?(These spikes aren't there for PSBs (SBI, BoB), nor for other private banks like Axis Bank)