The Hindu Business Line : Wednesday, December 24, 2008

MONEY & BANKING

INVESTMENTS: Derivatives of the destructive kind
Warren Buffett called them ‘weapons of mass financial destruction’, devised by (mad?) men (for ...

TECHNICAL ANALYSIS: 50-DMA to lend support for rupee
Rupee has been undergoing an intensely volatile phase over the last few sessions. It raced beyond 47 on Friday as low inflation and hopes of another stimulus package buoyed sentiment in the equity and forex markets. But renewed fears of ...

CORPORATE BONDS: Sharp fall in corporate bond spreads
Fallout of surge in liquidity in banking sector. Bangalore, Dec. 23 The Reserve Bank of India’s monetary policy initiatives have begun taking effect in the financial markets as corporate bond spreads have dropped sharply over the last ...

GOVT BONDS: Bond prices fall on profit booking
Bond prices ended lower by 20-25 paise from the previous close, due to profit booking. There was lot of intra-day movement based on positive statements, but market participants used the movement to book profits ahead of the yearend, said a ...

SHORT TERM INSTRUMENTS: Call rate ends higher
The inter-bank call rate closed higher at 6.15-6.30 per cent, as against the previous close of 6.05-6.20 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there was 2 bids for Rs 2,000 crore. In the ...

CREDIT MARKET: 10% additional cover for exporters on the cards
Mumbai, Dec. 23 Exporters and banks financing them can look forward to some succour shortly as the Government is expected to announce an additional 10 per cent insurance cover over and above what is provided by the Export Credit ...

GENERAL INSURANCE: IRDA chief calls for more tax breaks to enhance health insurance
Average insurance claim at Rs 25,000. Hyderabad, Dec. 23 The average claim made by the insured in India is put at Rs 25,000, with an average settlement of Rs 20,000. The average hospital stay of those who availed insurance cover is four days, ...

TRADE & LABOUR UNIONS: LIC, GIC employees protest tabling of insurance Bill
Mumbai, Dec. 23 Employees of Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) went on a one-day strike on Tuesday to protest the tabling of the insurance reforms Bill in the ...

FOREX: Rupee sheds 70 paise
Mumbai, Dec. 23 The rupee depreciated for the third consecutive trading session against the dollar, falling by 70 paise against the greenback on Tuesday. The rupee came close to breaching the 49-mark against the dollar in day ...

PUBLIC SECTOR BANKS: Union Bank initiative for MSME sector
Chennai, Dec. 23 Union Bank of India has said that 100 specialised business banking branches will focus exclusively on the Micro, Small and Medium Enterprises (MSME) to support their working capital needs as they face a delay in payment ...

GOVT BONDS: Govt issues oil bonds worth Rs 22,000 cr
Mumbai, Dec. 23 The Government issued special oil bonds worth Rs 22,000 crore to three oil marketing companies, the Reserve Bank of India said in a press release on ...

PUBLIC SECTOR BANKS: Corpn Bank to cut BPLR
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