|S&P 500 returns||-0.62%|
|Nikkei 225 (9:40 AM IST)||+1.49%|
|US Financials index||-1.88%|
|ICICI Bank ADR||-5.79%|
|Call rate on 17th||4.16|
|Currency futures (9:40 AM IST)||48.96|
- RBI cut the repo rate to 8% (1 PM).
- Paper on India's policy response to the global financial crisis, by Jahangir Aziz, Ila Patnaik and myself.
- SEBI circular on valuation by debt funds
- Needed now: Dr. Singh's Manmohan moment by Shekhar Gupta on the front page of Indian Express.
- Interview with Arun Shourie in Indian Express.
- Two editorials in Financial Express: link, link