Archive for 17/06/2013

Overseas investors have pulled out over Rs 17,000 crore (nearly $ 3 billion) from the Indian debt market in just a fortnight due to weakness in the rupee.

During June 3-14, Foreign Institutional Investors (FIIs) were gross buyers of debt securities worth Rs 4,092 crore, while they sold bonds amounting to Rs 21,213 crore translating into a net outflow of Rs 17,121 crore ($2.98 billion), as per data available with market regulator Sebi.

Market experts attributed the huge sell-off to weakness in Indian currency, which is instrumental in the FIIs exiting the debt markets as the cost of hedging a volatile rupee is rising and in turn hurting the yield differential the FIIs are working with.

Of late, the Indian currency has been consistently hitting record lows and it slumped to a life-time low of 58.98 in the intra-day trade against the US dollar on June 11.

The rupee, on Friday, closed at 57.51 against US dollar. Indian currency lost around two per cent so far this month.

FIIs have been aggressive buyers of bonds since the beginning of 2013 on account of higher yields offered by the government and corporate debt with a net investment of Rs 6,926 crore ($1.5 billion) so far this year.

Besides, steps taken by the government to ease FII investment rules by doing away with sub-limits and reducing the withholding tax on debt investments have also helped the segment.

Overseas investors net investments had reached two-year high level during 2012, attracting net inflow of around Rs 35,000 crore in the Indian debt market.

Moreover, FIIs have withdrawn Rs 1,458 crore ($ 244 million) from the equity market during the fortnight.

With this, the total foreign investment in the country’s equity market has reached Rs 81,747 crore ($15.10 billion) so far this year.

As on June 14, the number of registered FIIs in the country stood at 1,759 and the total number of sub-accounts at 6,409 during the same period.


Sonil Dedhia in Mumbai
We’ve known Aamir Khan as the perfectionist actor.

He seems to be quite a great dad as well.

In a candid chat with Sonil Dedhia, Aamir’s wife Kiran Rao talked about her son Azad, and the kind of father Aamir is:

Aamir is an easygoing and bindaas father. He is very loving, caring and playful and spends a lot of time with Azad.

Aamir allows him to play in the water, and jump on the sofa with dirty shoes on. At the same time, Aamir is paranoid about safety.

As a mother, I am a little restrictive with Azad. It’s really quite fascinating to be a mother.

Image: Aamir Khan and Azad Rao Khan
Photographs: Pradeep Bandekar

article source:

Small Fish Big Pond


Holy moly I can’t quite believe it but today is my blog’s first birthday. One whole of year of posts, pictures and general ramblings and I could not be happier with how far Small Fish Big Pond has come during that time.

I am so incredibly grateful to all of you who keep reading, commenting and offering general support, advice and feedback.

So, onwards and upwards as they say. While I wish I had more time in general to devote to the site, full time work being what it is, I sadly have to try and fit posting around those days when work isn’t quite so all-encompassing and demanding. But stick with me kids, I’m doing everything I can to keep it up as regularly and as often as I can.

In the meantime, if you feel like checking in with me elsewhere, don’t forget that you can follow me…

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Under the Moonlight house at Dinner Plain, Victoria, Australia by Giovanni D’Ambrosio Architects

Under the Moonlight house at Dinner Plain, Victoria, Australia by Giovanni D’Ambrosio Architects

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Humble Bones

‘Every Berliner’s favourite stop for a little greenery. If Görli were a person it’d be the scruffy hungover stoner who was struggling to roll his cigarette through half open, bloodshot eyes. He’d have a bushy hair style that was so wrong it was somehow right and be far friendlier than you’d think at first glance’

Once an old railway station, Görlitzer is now a full-time, run-down, graffiti-garnished park space. Innocent in the day, swarming with   children on tricycles and thousands of bright coloured finches – it holds an appeal which isn’t entirely noticeable upon first glance. But if you grab an Apfelschorle and lie amongst the crowds of people it wont take long before you begin to appreciate what is so special about this grundgy park of Berlin.

Goerlitzer Park

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Vagabond Urges

The second little bottle of shampoo from the hotel in Istanbul emptied much faster than the first. Must be time for a haircut again.

Signs all over town advertise “The French Touch: Bakery, massage, pastry, haircut, internet.” Looks like a mutation in the evolution of tourism to me. Let’s find a local place.

Nampan marketNear the market where old women crouch by piles of chili peppers and purchases are weighed on ancient scales I found barbershop alley. The first was empty, but a passing man with a great smile told me where I could find another.

On a whim I asked if he worked in the tour place next door. He did, and that’s when I impulsively signed up for the overnight trek that got back yesterday. But that’s another story.

I passed the storage-unit-sized shops where various men were cutting various other men’s hair until I found one with an…

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