The Hindu Business Line : Monday, March 29, 2004

INSIGHT
Fall and fall of the dollar: US must buck up
The dollar money game is fascinating as it has been performing a unique circus act "without any net under it" for a longish period, providing thereby a fertile opportunity to international money managers to make quick money. In a recession-ridden glo bal economy, the fall of the dollar signals the loss of faith in the very first currency itself. The US must quickly put its economic house in order, just like any other debt-ridden country. More

FOREX
Rupee strength sets off alarm bells
`Every one per cent appreciation of the rupee against the dollar reduces margins by about 30 basis points. Most players are countering the impact by hedging their inflows in the forward markets. But sustained appreciation nevertheless would hurt' More

INFORMATION TECHNOLOGY
RTGS can handle one-lakh transactions per day
THE RBI's newly set up online fund clearing and settlement system, Real Time Gross Settlement (RTGS) system has a capacity to handle up to one lakh transactions per day. It is expected that 75-80 per cent of the entire cash transactions across ... More

With real time settlement system in place — `Banks must manage liquidity better'
BANKS will have to schedule their cash outflows and manage liquidity in a more planned manner as it is only a matter of time before clearing of all inter-bank lending and borrowing moves onto RBI's newly set up, Real Time Gross Settlement System ... More

GOVT BONDS
Liquidity build-up points to rates falling further
BOND markets rallied last week fuelled by fresh liquidity inflows and renewed anticipation that interest rates may soften further in the coming months. Traders said that the most of the liquidity flows came from some institutional investors ... More

The 10 cross 20 spread should shrink by 20 bps
The fact that all the banks will have the flexibility of putting money in the seven days repo and borrowing overnight, the overnight rate will hopefully be only marginally lower than the repo rate. More

IPOS
LIC board adopts Deloitte report; IPO likely
ANOTHER mega initial public offer (IPO) of a state-run entity is quietly brewing in the financial sector cauldron - an equity offering by the Life Insurance Corporation of India (LIC). In a move that would spark off a massive recast of the ... More

Cross Currency Rates

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Looking back
Mar. 21-Mar. 27
Forex reserves increase by $464 million

Bonds get a boost from inflation figures

Vijaya Bank eyes NBFCs for acquisition

LIC covers 2 crore lives

GIC stops reinsurance of third-party motor risk

Market stabilisation scheme — RBI to issue bonds, T-bills for Rs 35,500 cr

IRDA restores 5 pc special discount, tags riders