Financial Daily from THE HINDU group of publications
Tuesday, November 04, 2003
Markets (Nov. 3)
BL 2501738.68 (+36.41)
BSE Sensex5063.03(+156.15)
S&P CNX Nifty1601.65 (+47.75)
US Dollar (Buy/Sell)45.26/45.39
Gold Std (10 gm)5760

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Mid-Term Monetary and Credit Policy
for the year 2003-2004


Key interest rates left unchanged in Credit Policy — Reddy relies on continuity, sees `no need to tinker'
THE RBI helmsman, Dr Y. Venugopal Reddy, today left key interest rates untouched. The mid-term review of Monetary and Credit Policy 2003-04 has left unchanged the bank rate, cash reserve ratio and the overnight repo rate while GDP for the ... More

Hedging made compulsory for foreign currency loans over $10 m
In its mid-term review of the Credit Policy, the RBI has made hedging mandatory for all foreign currency loans. According to the RBI, unhedged corporate borrowings have been a cause for concern over the past couple of years. Aside from the ... More

India Inc expresses disappointment
"We see this Credit Policy as one that emphasises continuity," said Mr Anand Mahindra, President of CII. More

Sensex breaches 5,000-mark
POWERED by pivotal stocks such as Reliance Industries, Infosys, Hindustan Lever and Dr Reddy's, the Bombay Stock Exchange's Sensex, that popular barometer of the well being of business in the country, today crossed the 5000-mark, three and half ... More

`Make AIDS drugs affordable at home first'
TWO years ago, pharma major Cipla had let the cat among the pigeons when it made anti-AIDS drugs available at about a thirtieth of the US price, forcing multinationals to follow suit in the interest of patients in Africa. A week ago, three ... More

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