The Hindu Business Line : Tuesday, May 15, 2007

FOREX
RBI picks up $2.3 b in March
The Reserve Bank of India purchased $2.3 billion in March, according to figures provided in the table on the sale/purchase of the US dollar by the RBI, given in its monthly bulletin. The RBI has purchased $26.8 billion during the fiscal ended ... More

Rupee gains 35 paise
The rupee strengthened by about 35 paise against the greenback on Monday on sustained selling of dollars by major corporates. The domestic currency closed at 40.88, a dollar, higher than the previous close of 41.23/24. "There was ... More

FINANCIAL PERFORMANCE
LIC Housing Q4 net surges 115% at Rs 89 cr
Announces a final dividend of 30% More

Royal Sundaram net profit zooms 144%
Royal Sundaram Alliance Insurance Company has reported 144 per cent growth in net profit to Rs 21 crore during its seventh year of operations ended March 31. The company earned premium income of Rs 600.58 crore, a growth of 30 per cent over the ... More

Indian Bank net soars 57%
Indian Bank has announced audited consolidated results of the bank and its three subsidiaries Indbank Merchant Banking Services Ltd, Indbank Housing Ltd and Indfund Management Ltd for the year ended March 31, 2007. According to a press ... More

HOUSING FINANCE
`Real estate prices may not see radical correction'
There may be no respite yet from soaring apartment prices. Real estate prices are not likely to see a radical correction, said Mr S.K. Mitter, Director and Chief Executive, LIC Housing Finance Ltd. "Demand continues to outstrip supply in major ... More

DEBT MARKET
Lok Sabha passes Bill on trading in securitised debt instruments
Trading in securitised debt instruments or certificates on the country's stock exchanges may soon become a reality, with the Lok Sabha today passing a Bill that provides the legal framework for listing and trading of such instruments. The ... More

GOVT BONDS
Bond prices rise 12 paise
Bond prices rose 12 paise and yields went down two basis points on renewed buying interest from traders. "Since the past three days, there has not been any buying and volumes have been quite thin on uncertainty over RBI's action ... More

CREDIT MARKET
Interest rates may drop for `high credit rating' borrowers
Some banks begin putting rating regime into operation More

SHORT TERM INSTRUMENTS
Call rates climb to 9%
Call rates soared to 8.50 - 9 per cent on Monday against the previous close of 2.25 - 2.50 per cent. "The outflow of Rs 10,000 crore from the government securities auction, drained out surplus cash from the system," said a ... More

EVENTS
French bank Governor in India
The Governor of the Banque de France, Mr Christian Noyer, is currently in India on a five-day official visit for a series of meetings in the financial capital Mumbai and here to discuss the bilateral issues on banking. Mr ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
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TV 18, Infosys BPO ink outsourcing pact

REpower deal breathing down the political alley?

Coir product exports surpass target

Looking back
May. 6-May. 12
`Startling' portion of India's new reserves in US treasuries

Rupee ends flat; touches intra-day high of 40.54

Garment exporters worried over rising rupee

Syndicate Bank's full-year net rises 33% to Rs 716 cr

`Rising rupee has not hit remittances'

External commercial borrowings touch $3 b in Feb

Life insurers stop picking up mortgage-securitised papers

Forex reserves down $126 m