The Hindu Business Line : Wednesday, August 15, 2007

INSIGHT
Rupee: Rising tide
The average ‘dollar’ fell from Rs 44.17 on March 16 to Rs 40.36 on August 3, 2007 as the rupee rose. This shaved Rs 76,000 crores off March 16 forex reserves at Rs 833,000 crore. Actual losses will depend on exchange rates ... More

60 credit-worthy years
Handholding a young nation in its first steps towards economic independence. More

FOREX
India-Japan swap deal on cards
Mumbai, Aug. 14 India and Japan will help each other if their currencies were to come under the attack of speculators.Both countries will soon sign an agreement to swap foreign currencies like US dollar or euro to maintain the value of rupee ... More

INFORMATION TECHNOLOGY
Axis Soft develops pixie-sized ATMs
Installation likely by year-end More

GENERAL INSURANCE
Motor pool seen positive for PSU insurers
Technical glitches to be ironed out by month-end More

FOREIGN BANKS
HSBC plans to step up SME biz
Kolkata, Aug. 14 HSBC plans to step up its SME business, which currently accounts for nearly 22 per cent of its asset book.The bank, which has roughly 30,000 customers in the small- and medium-sized segments, may consider scaling up ... More

FINANCIAL INSTITUTIONS
ADB aid for Bengal’s tourism sector
Consultants on 4-day evaluation trip More

INTEREST RATES
Global slowdown, rate cuts inevitable
The cataclysmic events of last Thursday and Friday in Europe and the US took their inevitable toll of Indian markets. The Sensex fell below 15,000 and the rupee dropped past 40.60 levels against the dollar. But, in a twist to the US and the ... More

GOVT BONDS
Bond prices range-bound
The bond market was range-bound on Tuesday due to lack of clear signals. A dealer from a private bank said, “There is general discomfort and worry on the liquidity front because of the sub-prime crisis, but nobody is overly bothered. But we ... More

CREDIT MARKET
Petronet to get $150 m loan from IFC
New Delhi, Aug. 14 International Finance Corporation (IFC), the World Bank’s private lending arm, will give $150 million as loan to state-owned Petronet LNG Ltd (PLL) to build a liquefied natural gas (LNG) import and regassification ... More

SHORT TERM INSTRUMENTS
T-bills auction
Mumbai, Aug 14 The Reserve Bank of India has announced an auction of Rs 4,000 crore through Treasury-Bills, of which Rs 2,500 crore was the Market Stabilisation Scheme (MSS) amount.In the 91-day T-bill, the notified amount was Rs 2,000 ... More

Call rates unchanged
The inter-bank call rate ended unchanged at 6.10-6.20 per cent. In the two-day reverse repo auction, under the Liquidity Adjustment Facility, the RBI received and accepted 18 bids for Rs 29,450 crore. There were no repo bids. The Collateralised ... More

ALLIANCES & JOINT VENTURES
Exim Bank signs pact with Gulf body
Exim Bank of India has signed a memorandum of co-operation with the Gulf Investment Corporation (GIC).This will facilitate exchange of relevant informant and joint identification of avenues to improve two- way trade and investment ... More