The rupee is slip sliding away. Alphaville has a very good column about the fall of the rupee and what it means to India.

KhanAcademy.org realized that more and more people are curious about Greece. They have put up some interesting videos about understanding the Greek crisis. We link to some of them

Algorithms cannot be blamed for stock market crashes; traders need to understand algorithmic trading is the future

It came as a big surprise for the financial markets when the Indian operations of Fidelity mutual fund went on the block last month declaring that it was exiting the Indian markets. But the bigger surprise was yet to come. It came last week when L&T mutual fund with assets worth Rs 4,600 crore acquired the Rs 8,800 crore-Fidelity MF, subject to regulatory approvals. Expectations were that it would be HDFC mutual fund or any of the other bigger guys which would buy out Fidelity.

Anybody who has seen Dexter, the popular American television series will agree to a simple fact that whatever the bloodstain pattern analyst does is for the betterment of the entire society. He is a killer who kills serial killers. Utilitarians are people who do not hesitate to sacrifice an individual for the betterment of a group. Dexter Morgan is a classic case.

Over the last six months the rupee is down by 18%. Indian corporates who had raised loans from the overseas markets and did not bother to cover their currency exposure were a worried lot. Now they have hope.