The Hindu Business Line : Tuesday, August 30, 2005

Rupee plunges; gilts bearish
MUMBAI: The rupee plunged to an eight-and-a-half month low against the greenback as the rising price of global crude sparked heavy dollar buying. The domestic currency opened at 43.78/79 and touched an intra-day low of 43.93. It ended ... More

RBI & OTHER CENTRAL BANKS

Insulated domestic oil prices will add to fiscal burden: RBI
THE Reserve Bank of India has said that if domestic oil prices are not allowed to keep pace with the international price line, the fiscal burden of the Government could increase and also hurt investors of public sector oil companies. In its ... More

RBI suggests 10 pc single uniform rate for imports
THE Reserve Bank of India has suggested a single uniform tariff rate of 10 per cent for all imports. According to RBI's annual report, released on Monday, the country's external environment including foreign exchange reserves allows for ... More

Inflation seen in 5-5.5 pc range
THE Reserve Bank of India said on Monday that inflation during 2005-06 is likely to be in the range of 5-5.5 per cent, in line with the projection in its Annual Policy Statement. Underlying inflationary pressures appear to have been contained ... More

RBI earns more globally
THE Reserve Bank of India (RBI) has earned more from its foreign and less from domestic investments during 2004-2005. Increase in the level of foreign currency assets, hardening of short-term interest rates in the US and lower market to market ... More

RBI notification on dual pricing not to impact hotels' margins
THE recent RBI notification preventing hotels and restaurants from insisting on dollar payments by NRIs and foreign customers is unlikely to have any impact on their margins. According to hotel industry sources, the RBI directive does not ... More

CREDIT MARKET

BoB targets 25 pc credit growth
BoB sees a 25-per cent credit growth this year, while deposits are expected to increase by 18 per cent. The bank, Dr Khandelwal, CMD, said, recorded a total business of about Rs 1,25,00 crore, of which Rs 45,000 crore or so was on account of ... More

CREDIT CARDS & DEBIT CARDS

BoB to strengthen credit card, asset management arms
BANK of Baroda is planning to fortify its credit card and asset management subsidiaries to turn them into stronger entities. It is also in an advanced stage of negotiations with National Housing Bank for acquiring the latter's stake in BoB ... More

TRENDS

Most banks meet capital ratio requirements
MOST scheduled commercial banks have met the capital ratio requirements and have also shown a distinct improvement in asset quality in 2004-05, said RBI in its annual report. The aggregated capital ratio of scheduled commercial banks at ... More

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