The Hindu Business Line : Sunday, November 21, 2004

FOREX
Forex reserves up by $1.3 billion
FOR the second consecutive week, the country's forex reserves swelled by over $1 billion.Reserves grew by $1.314 billion for the week ended November 12, to touch $123.538 billion, according to the data released by RBI. In the previous week, total ... More

HOUSING FINANCE
HDFC hikes lending rates
HDFC Ltd has hiked the floating rates on its home loans by 50 basis points, with a corresponding change in the retail prime lending rate (RPLR) effective Monday. The revised rates for floating rate loans will be 7.5 per cent per annum onwards. ... More

GENERAL INSURANCE
Consequent to insurance broking tie-up — Vijaya Bank may part ways with National Insurance
WHILE the financial sector waits expectantly for the impending new marriage season to unfold in the banking and insurance industries, divorce papers are being prepared for the break-up of a recently-formed alliance involving a player each from ... More

SHORT TERM INSTRUMENTS
RBI cancels T-bills auction
FOR the third consecutive week, RBI cancelled the auction of 91-day treasury bills (T-bills) for Rs 1,500 crore and 364-day T-bills for Rs 1,000 crore scheduled for Wednesday. A release from the central bank said, "Taking into account all ... More

Cross Currency Rates

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Looking back
Nov. 14-Nov. 20
Banks can extend finance to purchase second-hand assets

RBI okays trade with Myanmar in freely convertible currency

PLRs: Already on the steep side

LIC unveils two policies

World Bank to provide $9 b

More banks closer to raising rates

NPA provisioning: PSBs want IT waiver to be extended

Govt nod for export insurance account

Finance Ministry to encourage mergers

RBI directs NBFCs to submit quarterly returns

Mibor-linked floaters in demand from MFs

Life insurers' interest keeps bonds firm