The Hindu Business Line : Wednesday, May 07, 2008

FOREX
Soaring crude price impacts rupee
Rupee recorded a dramatic decline on Tuesday that took it within arm’s reach of the Rs 41-mark. Strength in the dollar following a quarter per cent cut in US interest rates did little to affect the sentiment towards the rupee. It is once ... More

IT stocks gleam again as rupee tumbles
CNX IT Index recovers from day’s low More

SOFTWARE
Basel II: Indian Bank deploys CRISIL solution
Indian Bank on Tuesday announced that it had implemented a risk management system customised by CRISIL to compute regulatory capital for March 31, 2008 as per RBI guidelines for Basel II compliance. The software provided by CRISIL Risk ... More

NBFCS
JM Fin Ventures’ FDI proposal rejected
Investment company biz not eligible, says FIPB More

RBI & OTHER CENTRAL BANKS
When central banking must be thrown to the winds
More

PRIVATE BANKS
Fidelity Fund ties up with Federal Bank
More

Funds transfer thru mobile phones
HDFC Bank announced a tie-up with ngpay, a mobile commerce network, on Tuesday, to offer fund transfer facility on the mobile phone between two account holders. The bank’s customers, who are registered for fund transfer facility under its ... More

GOVT BONDS
Bond prices fall
Bond prices fell as traders were consolidating their gains after a week of continuous rally. Total traded volumes on the order matching system were at Rs 9,800 crore (Rs 11, 825 crore). “Bond prices have gained by around Rs 2 since the ... More

CREDIT MARKET
Banks for enhancing exposure limits to PSU oil companies
Special approval sought from RBI More

SHORT TERM INSTRUMENTS
Call rates tad higher
Call rates closed at 5.5-5.75 per cent, slightly higher than the previous close of 4.75-5 per cent. In the one-day auction under the Liquidity Adjustment Facility, the RBI received and accepted 42 bids for Rs 53,430 crore under reverse repo. ... More

OVERSEAS INVESTMENTS
‘No plan for Soverign Wealth Fund’
The Finance Minister P Chidambaram said on Tuesday that India was not looking to set up a Sovereign Wealth Fund (SWF). “There is no such proposal under consideration of the Government at present”, Mr Chidambaram said in written reply ... More

PEOPLE
New head for Citi India cards unit
More

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Cross Currency Rates

Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
JM Fin Ventures’ FDI proposal rejected

Hinduja Foundries to pay dividend first time in 10 yrs

‘Slowdown could impact growth of logistics business

Foodgrains output fails to keep pace with demand growth

Cotton board meet may provide clues on exports

Banks for enhancing exposure limits to PSU oil companies

Looking back
Apr. 27-May. 3
IDBI Bank Q4 net surges 15% on higher interest income

Bonds pause, await Policy cues; slowdown, inflation fears loom

Recoveries offset dip in treasury gain for IOB

Bank of India net rises 69% on all-round growth

Forex reserves fall by $663 m