General Trading Chat

[timepass]

Just 2 days ago someone in my area in Surat mentioned that either Urjit Patel or RR Gandhi (presently Dy. Gov.) will be the next Governor because of old RSS connections. At that time I put it away as opposition propaganda.

RBI has put out the note on its website.

“I am confident my successor will take us to new heights with your help. I will still be working with you for the next couple of months, but let me thank all of you in the RBI family in advance for your dedicated work and unflinching support. It has been a fantastic journey together!” Mr. Rajan says in the note.


Here is the full text of Mr.Rajan's message that was posted on the RBI site:

Dear Colleagues,

I took office in September 2013 as the 23rd Governor of the Reserve Bank of India. At that time, the currency was plunging daily, inflation was high, and growth was weak. India was then deemed one of the “Fragile Five”.

more : http://www.thehindu.com/news/nation...econd-term-as-rbi-governor/article8746002.ece

 

[pareshR]

Raghuram Rajan won't continue for a second term.

http://www.hindustantimes.com/busin...4-september/story-P2mhD2Mz6w92LcrlCY6v1L.html​

Big news. Sure to affect the markets tomorrow.

and another Brexit poll on 23Jun

Polls show increasing support for Brexit; Murdoch's Sun backs 'Leave'

http://www.reuters.com/article/us-britain-eu-poll-idUSKCN0YZ2FY

 

[vivektrader]

Probably Dr.Raghuram's exit was timed with impending brexit, so that both shocks are absorbed by the markets.
Though I am an avid supporter of this government, but this decision has been disheartening and totally disappointing.
Feeling sad.

 

[deba72]

I guess this is THE reason all real estate stocks ( companies mostly managed by crooks,cronies and defaulters ) were up big time on Friday.

 

[Bane]

Swami is a puppet. So when he gave a statement, he was only following his boss instructions.

 

[Gandhar.]

Btw the letter also say's I will, of course, always be available to serve my country when needed. Maybe if Mr.Modi appoints him again he will take the job, lets hope. (Or is it my false belief?)

 

[vivektrader]

Even if the government didn't want to offer another term to him, why the hell did it appoint subharamanian swamy to utter so many non sensical words?
It could have been much more subtle.

 

[deba72]

Even if the government didn't want to offer another term to him, why the hell did it appoint subharamanian swamy to utter so many non sensical words?
It could have been much more subtle.

SS just acted as Shikhandi... Men behind the masks are the real culprits !

 

[vivektrader]

Btw the letter also say's I will, of course, always be available to serve my country when needed. Maybe if Mr.Modi appoints him again he will take the job, lets hope. (Or is it my false belief?)

Too good to be true, I too wish that though.

 

[Brill]

I guess this is THE reason all real estate stocks ( companies mostly managed by crooks,cronies and defaulters ) were up big time on Friday.

But the SBI spot daily chart we could see an MSCD bearish divergence. May be signal for shorting? Suggestion please...