The Hindu Business Line : Monday, May 06, 2002

Rs 48.95, a solid base for the dollar
The political drama at the Centre was negative for the rupee as well as a slowing down of FII inflow figures, apart from a mild rise in the oil prices.. None of these events of the past week managed to evoke strength for the dollar to retest its prev ious high of 49.05. More

RBI & OTHER CENTRAL BANKS

`Interest on ADB loan only 8 pc'
For every Rs 100 given by the GoI as ACA, interest is payable only on the loan portion of Rs 70 and this interest amounts to Rs 8.05 or 8.05 per cent. More

GOVT BONDS

Credit Policy disappoints the bond market
The market was disappointed with a meagre 0.5 per cent CRR cut, but the disappointment was more or less compensated by renewed hopes of a bank rate cut as prices fell only marginally post the policy. Dr Jalan, in his policy statement mentioned that h e might cut the bank rate if needed in the future. More

Bond markets volume declines sharply
The disappointment in the Credit Policy reflected in the volumes traded in the market. Daily trading volumes in the NSE debt counter amounted to just about Rs 2,500 crore. This is less than half the trading volume recorded during January, when it wen t over Rs 6,500 crore. More

NON-PERFORMING ASSETS

Defaulting cos -- ARCs to have powers to order management change
THE proposed Bill providing a legal framework for the functioning of Asset Reconstruction Companies (ARC) would bestow wide powers to such companies including the right to take over or order a change in the management of the defaulting ... More

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Car, mobikes may propel auto sector to 16% growth

DTH entry rules not to be relaxed for now

Satyam may develop new centre for BPO

Board-level appointments -- DCA to tighten norms for relatives of directors

Software cos see quarter-on-quarter net decline

CIWTC: Waiting for a revival wave

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 28-May. 4
Forex reserves cross $55 b

Cut in savings bank rates expected

No separate supervisor for urban co-op banks

Banks asked to adopt flexible interest rates

ICICI Prudential unveils two new pension schemes

You bet, forex is the bigger asset!

HC to the rescue of MCC Fin depositors -- API told to hand over Bhandup land for sale

Fresh norms for nidhis on deposits timeframe

Live events turn on insurance cos