tag:blogger.com,1999:blog-19649274.post7017686225539670519..comments2024-03-27T17:16:12.789+05:30Comments on The Leap Blog: The currency futures market on 2 SeptemberAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19649274.post-75827080155576084812008-09-08T22:59:00.000+05:302008-09-08T22:59:00.000+05:30Nazir, I just checked and it's working. I think th...Nazir, I just checked and it's working. I think the IIM Ahmedabad website is flaky.Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-23096073011828396892008-09-08T16:16:00.000+05:302008-09-08T16:16:00.000+05:30Ajay Sir the link provided by you for reading Jaya...Ajay Sir the link provided by you for reading Jayanth Varma's blog post is not working. Could you please update it again?Nazirhttps://www.blogger.com/profile/09722619548761207355noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-29037006890910195342008-09-06T22:25:00.000+05:302008-09-06T22:25:00.000+05:30The article Rajiv is talking about is this.The article Rajiv is talking about <A HREF="http://www.outlookbusiness.com/inner.aspx?articleid=2050&subcatgid=943&editionid=55&catgid=20" REL="nofollow">is this</A>.Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-19076897672820699162008-09-06T22:03:00.000+05:302008-09-06T22:03:00.000+05:30Hi Ajay,Very recently I did a story around the int...Hi Ajay,<BR/><BR/>Very recently I did a story around the introduction of Currency Futures. And my deadline collided with the end of the second trading day of currency futures on NSE (i.e. Sept 1, 2008)<BR/><BR/>I was in the same state as yours on Aug 29 and Sept 1, 2008 refreshing and tracking the FXTracker (on www.nseindia.com) almost every 3 minutes. <BR/><BR/>The link to my story is appended;<BR/>http://www.outlookbusiness.com/inner.aspx?articleid=2050&subcatgid=943&editionid=55&catgid=20<BR/><BR/>Regards,<BR/>Rajiv BhuvaRajiv Bhuvahttps://www.blogger.com/profile/14491718454324363356noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-55057182445493742432008-09-05T19:16:00.000+05:302008-09-05T19:16:00.000+05:30dear ajay ,Can you please give some details as to ...dear ajay ,<BR/><BR/>Can you please give some details as to wheere from i can get details of Beta value of indian comanies , market risk premium for indian sector , risk surcharge and beta of debtabdp76https://www.blogger.com/profile/10814368206923717923noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-22046044579748328712008-09-04T16:27:00.000+05:302008-09-04T16:27:00.000+05:30Ven: NRIs and FIIs aren't still allowed to bet.Aja...Ven: NRIs and FIIs aren't still allowed to bet.<BR/><BR/>Ajay, I am assuming that mutual funds and PMS cannot invest in this product. Given a 10% move would be considered astronomical, they make great speculative returns only on leverage, which is not allowed in either product. <BR/><BR/>Second, the lack of FII/NRI participation removes liquidity in a large way. But the arb you talk about - the OTC versus market - won't it go completely away if people choose to execute only here and not in the OTC? Once FIIs and NRIs are in, why won't they setup positions directly (if there is enough liquidity).<BR/><BR/>Plus, I'm assuming the margins can't be cancelled out on NSE versus OTC, so there shouldn't be a sudden sharp move on the NSE that takes the leveraged arbitrageur out of business.<BR/><BR/>BUt I agree, this is the future. ALready provides a simple way to spread a Sing Nifty - contract size is abuot 1.5x a contract here, so a min arb is 100 Nifty, 18 INR-USD and 2 Sing Nifty. Current bid asks might actually support a decent return but margins are a pain.Deepak Shenoyhttps://www.blogger.com/profile/04209677935830502120noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-69405561327256122382008-09-04T08:03:00.000+05:302008-09-04T08:03:00.000+05:30Hi Ajay,I have somewhat of an off-topic question. ...Hi Ajay,<BR/><BR/>I have somewhat of an off-topic question. I understand that these contracts are settled on a cash basis (in INR) around the RBI reference rate on expiry day. Can you throw some light on this "reference" rate? Is this something that the RBI backs up with real cash (meaning at least a sizeable chunk of participants can actually transact both ways with RBI around this price) or is it something that is quite cheap for the RBI to set at whatever politically convenient level?Harikrishna Rhttps://www.blogger.com/profile/12578993443302248580noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-25178226168651562312008-09-04T02:53:00.000+05:302008-09-04T02:53:00.000+05:30There seems to be arbitrage opportunity on Septemb...There seems to be arbitrage opportunity on September 09 deliverable considering interest rate differential of about 6.5% between INR and USD. Is this due to transaction cost and other frictional costs?<BR/><BR/>BTW, can an individual bet on these contracts? If so, can a non-indian citizen of Indian origin do so?Anonymousnoreply@blogger.com