MONEY & BANKING
FINANCIAL SERVICES
When currencies turn commodities
Chennai, Sept. 12 You can decide to deal, off the record, with the fellow next in queue. Or you can fork out eight, ten, twelve, fourteen per cent more to buy dollars from your 5 Star hotel, bank, travel agency or upmarket Authorised Dealer. ...
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FOREX
Rupee ends stronger
The rupee further strengthened against the greenback on the back of strong dollar inflows. The domestic currency opened at 40.51/52 and rose during the day to finally end at 40.44/45, against Tuesday’s close 40.56. Dealers said the rupee ...
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INFORMATION TECHNOLOGY
City Union offers anywhere access
The Kumbakonam-headquartered City Union Bank has interconnected its entire network of 175 branches across the country, providing anywhere access to its customers. The bank has also introduced ‘CUB Classic Plus’ – a new current ...
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RBI & OTHER CENTRAL BANKS
Financial inclusion: RBI for external evaluation
NIBM, IIMs likely to be hired for impartial study
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PUBLIC SECTOR BANKS
Pump more into PSBs or trim stake, Govt told
Rangarajan wants clear stance on policy to help PSBs grow
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Strengthening PSBs
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GOVT BONDS
Bond prices range-bound
Bond prices remained range-bound during the day and the yield on the 10-year paper closed at the same levels, rather unchanged from the previous close due to the surplus cash in the system. “The bond prices will remain rather unchanged till ...
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SHORT TERM INSTRUMENTS
Call rates steady
The inter-bank call closed at 6-6.10 per cent, against the previous close of 6.05-6.15 per cent. In the first reverse repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 17 bids for Rs 14,255 crore. ...
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RIGHTS ISSUE
SBI looking at options to raise Rs 10,000 cr by December
‘No timeframe set for group mergers; India Inc should learn credit discipline’
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