Posts Tagged ‘forex’

Thomas Cook Spikes up on CRISIL’s Rating

Thomas Cook (India) is currently trading at Rs 70.50, up by 2.40 points or 3.52% from its previous closing of Rs 68.10 on the BSE.


The scrip opened at Rs 69.00 and has touched a high and low of Rs 71.45 and Rs 68.60 respectively. So far 379951 shares were traded on the counter.


The BSE group ‘B’ stock of face value Rs 1 has touched a 52 week high of Rs 78.50 on 14-Jan-2010 and a 52 week low of Rs 51.15 on 03-Nov-2009.


Last one week high and low of the scrip stood at Rs 73.00 and Rs 67.55 respectively. The current market cap of the company is Rs 1489.78 crore.


The promoters holding in the company stood at 77.23% while Institutions and Non-Institutions held 0.85% and 21.92% respectively.


Credit rating agency, CRISIL has reaffirmed ‘AA-/Stable’ rating to Rs 6.80 crore proposed long term bank loan facility and Rs 158.20 crore cash credit and working capital demand loan of Thomas Cook India..

The ratings reflect the company’s leading position in the foreign exchange (forex) business in India, and its strong brand equity. These rating strengths are partially offset by the susceptibility of the company’s business to the external environment, and the company’s moderate financial risk profile.


Thomas Cook is a part of the Thomas Cook group. It operates in the forex and travel services businesses.


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ECONOMIC INDICATORS… “Leading the World” Part 1

Hello Friends here we come up with our another write up on “SMC Gyan Series”.


Topic is ECONOMIC INDICATORS… “Leading the World”.

Here, we would go through the Brief of like what are Economic Events & Indicators and important sources of data provider for calculating & determining economic indicators.



ECONOMIC INDICATORS… “Leading the World”


Economic Events & Indicators are statistics that precede an economic event.


The goal is to track the economy & derive a forecast for future performance.


Economic indicators have tremendous potential to generate volume and to move prices of commodities futures as well as the financial markets including Forex.

Tools of Construction: This would include separate sections of statistical methods including

– Calculating indices and re-basing them,

– Differences between arithmetic and geometric averages,

– Standard deviations,

– Regression analysis,

– Correlation and causation,

– Margins of error in statistics calculations and

– What this means for interpretation, subsequent revisions and why they happen.



Economic indicators include various indices, earnings reports, and economic summaries.


Examples : unemployment rate,  housing starts,  Consumer Price Index (a measure for inflation),  Consumer Leverage Ratio,  industrial production,  bankruptcies,  Gross Domestic Product,  broadband internet penetration,  retail sales,  stock market prices,  money supply changes etc;



The important sources of data provider for calculating & determining economic indicators are like:

– Bureau of Labor Statistics,

– Census of Construction Industries,

– Bureau of Economic Analysis &

– Reserve Bank.



The value of the indicator data is considered important if it presents new information, or is instrumental to drawing conclusions which couldn’t be drawn under other reports or data.


Each indicator is marked with “H”-“M”-“L” (High-Medium-Low), according to its level of importance, as commonly considered.



Next Blog we would try to know about the classified categories of Economic indicators in details and what is Time Era.

Stay Tuned for more and more on this 🙂


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India’s Investment in the US Bonds Stands Lowest Among BRIC Nations

India's Investment in US Bonds Stands Least Among BRIC Nations

stands least exposed among the other BRIC nations with respect to their respective foreign exchange reserves.

This is in addition to the recent development where it got evident that India has reduced its investments in US Treasury bonds between May and September.


India’s investment in the US bonds stands at $35.90 billion as per the latest data released by the US Department of Treasury on November 17, as on September 30.

However, India’s investment in the US bonds is the lowest among all BRIC nations.

China’s investment in the bonds remained the highest at $798.9 billion.

Brazil’s exposure was $144.90 billion, followed by Russia at $121.80 billion.


In terms of percentage of exposures to the US bonds to each of these economy’s total foreign exchange reserves also, India was the lowest.

India’s exposure to US bonds was 12.81 per cent of its forex reserves of $280.34 billion in September compared with

64.63 per cent of Brazil, 35.15 per cent of China, and 29.46 per cent of Russia.


India’s forex reserves and US bond investments ratio improved during the period between May and September this year as its forex reserves went up.

In May, the ratio was 14.79 per cent on the forex reserves of $262.31 billion.


Mr Jagannadham Thunuguntla of SMC Capital said: “With less exposure to US treasury bonds, India stands least vulnerable to US dollar depreciation in comparison to its BRIC peers”.

The current trend showed that though China and Russia too reduced their vulnerability ratio during May-September, Brazil increased it, Mr Thunuguntla said.

Brazil has forex reserves worth $224 billion, while Russia has $413.45 billion.

China has $2,272 billion foreign exchange reserves.