The Hindu Business Line : Sunday, October 19, 2003

Forex kitty swells by $2.6 b — Steady FII inflows, RIB maturity proceeds cited as reasons
FROM a paltry sum of $500 million back in 1991 the country's forex reserves have surged over 18 fold to cross the $90-billion mark, according to the latest statistics released by the Reserve Bank of India. The pace of foreign exchange accretion ... More

FIIs pump in over $1 b in October
FIIs have turned very active in the capital market this month with their net investment crossing the $1 billion-mark, the highest inflows in a single month so far. According to figures released by market regulator, SEBI, the net inflows of ... More

RBI further trims cap on NRE deposit rates
IN a move to further curb arbitrage dollar inflows into the country, the Reserve Bank of India has, for the third time in four months, reduced the ceiling of interest rate on NRE deposits, rendering them less attractive. The new cap, ... More

Bank credit up Rs 16,522 cr
BANK credit has increased by Rs 16,522 crore for the fortnight ended October 3; this is perhaps the largest increase in a single fortnight since the start of this fiscal. However the rate of increase is only at 3.1 per cent, much lower than the ... More

Locking horns over `roaming current account'
WHAT'S in a name? Lots, especially when it involves banks. A dispute is brewing between two new age private sector banks, ICICI Bank and IDBI Bank, over this dimension, a trademark of a service identically named by both as `roaming current ... More

The wallet phone is on its way
THE concept of a virtual wallet maintained on a mobile phone is poised to become a reality in Japan. At the ITU Telecom World, 2003, NTT DoCoMo is displaying the prototype of a " wallet phone" on its existing i-mode service platform. This service ... More

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