The Hindu Business Line : Monday, January 12, 2004

FOREX
Keep an eye on dollar trend against majors
THE rupee broke the 45.50 mark again after flirting with the 60s and the 70s for some time. The dollar has depreciated against all major currencies, which is a source of major comfort for the guys sitting short. Dollar inflows into the ... More

FOREIGN DIRECT INVESTMENT
Insurance FDI cap at 49 pc likely
MORE big-ticket reforms appear to be round the bend, this time on the foreign direct investment (FDI) cap in insurance. The Ministry of Finance has given its go-ahead to the Department of Industrial Policy and Promotion (DIPP) to process ... More

RBI & OTHER CENTRAL BANKS
Tech EOUs can park full earnings in EEFC account
THE Reserve Bank of India (RBI) has permitted Export Oriented Units (EOUs) units in Software Technology Parks and Electronic Hardware Technology Parks to credit up to 100 per cent of their export earnings in Exchange Earners Foreign Currency ... More

PUBLIC SECTOR BANKS
Syndicate Bank targets Rs 60,000-crore business
SYNDICATE Bank targets Rs 60,000 crore business by March-end, according to its General Manager (Personnel), Mr Allen C.A. Pereira. Addressing presspersons here, he said the total business of the bank was likely to touch around Rs 54,000 crore ... More

FOREIGN BANKS
`India doing well; recovery must be broad-based'
THE general economic outlook for India appears excellent - both in 2004 and in the long term, but will be mixed in the medium term, according to Mr Ashok T. Aram, Managing Director, Deutsche Bank AG. In an informal chat with Business Line ... More

GOVT BONDS
Big players switch to equity markets
BOND markets remained listless throughout last week despite the liquidity surge induced by reserve money expansion. Traders said that institutional players showed little interest in the debt markets. This was partly due to the surging stock ... More

Cross Currency Rates

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Looking back
Jan. 4-Jan. 10
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