The Hindu Business Line : Friday, April 18, 2008

FOREX
Rupee range-bound
The rupee was range-bound between 39.92 and 39.95 against the dollar on Thursday as the market awaited cues on interest rates from the monetary policy at the end of the month. The rupee opened at 39.93/94 and closed at 39.92/92, up by about four ... More

NBFCS
Family Credit to add 35 new branches
Hyderabad, April. 17 Family Credit, a non-banking finance company fully owned by Societe Generale Consumer Finance, France, is planning to ramp up its India operations by doubling its branches.The Kolkata-based NBFC would add 35 new ... More

CONSUMER FINANCE
Religare into commercial vehicles financing
Ties up with Kumar Motors More

GENERAL INSURANCE
Under loving cover
Senior citizens now have a reason to rest assured, post-retirement. More

FINANCIAL POLICY
Cash reserve ratio hiked by 50 basis points
Reserve Bank move likely to suck out Rs 18,500 crore More

FINANCIAL MARKETS
‘Cos willing to settle currency derivative cases out of court’
Mumbai, April 17 Some corporates who filed cases against banks after they suffered losses on currency derivative deals, are willing to settle out of court, as court may take a long time to settle these cases, said Ms Chanda Kochhar, Joint ... More

GOVT BONDS
Bond prices fall
Bond prices fell as traders were cautious ahead of scheduled auctions next week. Total traded volumes on the order-matching system were at Rs 1,895 crore (Rs 2,385 crore ). Dealers said that despite the lower inflation numbers, trading sentiment ... More

SHORT TERM INSTRUMENTS
Call rates close at 6.30-6.40%
More

FIXED DEPOSITS
Only banks may be permitted to accept public deposits
Fall in number of deposit-taking non-banking finance companies More

OUTLOOK
‘CRR hike will have no major impact on bonds, rupee’
Mumbai, April 17 The rupee may slightly appreciate and bond prices could harden further by 7-10 basis points, following the hike in the Cash Reserve Ratio (CRR) by the RBI.Market participants said that since the CRR hike had been ... More

CRR hike expected, margins may be hit, say bankers
Decision on lending rate hike likely after Credit Policy on April 29 More

TRENDS
‘Fixed deposits are already dead’
Chennai, April 17 “The Fixed Deposit as an instrument is dead. There was a time when it was very popular with retirees and those approaching superannuation. Now even if the Reserve Bank of India were to allow free access to such ... More