Monday, August 16, 2010

Economy Update July 30, 2010; Fortnightly round up of key banking and economic indicators

Fortnightly round up of key banking and economic indicators

·      The growth in the non food credit dropped to 19.9% for the week ended July 30, 2010, as deposit mobilization growth declined to 14%

·      As a result the CD ratio moved downwards to 72.4% for the week ended July 30, 2010

·      Money supply growth has been on a downward trend and dropped by 40bps to 15.3% and the money multiplier stood at 4.94

·      Call money rates as on August 16, 2010 have moved up 117bps from last fortnight to 5.60% and have stayed largely within the LAF band

·      The spread between call money and reverse repo rates as on August 16, 2010 stand at 110 bps, but have briefly hovered below the reverse repo rates during the last fortnight

·      Excess liquidity is now back in the system as the reverse repo balances stood at `65.1bn. for the week ended August 06, 2010

·      The spread between the long and short end OIS had eased over the last fortnight

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The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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