Business Daily from THE HINDU group of publications
Saturday, July 12, 2008
ePaper | Mobile/PDA Version | Audio
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Business Daily from THE HINDU group of publications Saturday, July 12, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING INTEREST RATES: Rate hike looks certain; will it be on July 29? Rising oil prices, inflation key challenges. Mumbai, July 11 With inflation touching 11.89 per cent for the week ended June 28, bankers and analysts expect a further hike in Repo rate or CRR by at least 25 basis points. However, opinion is ... CREDIT RATING: India’s rating may be downgraded, says S&P ‘Risks currently balanced despite low credit profile’. Mumbai, July 11 India’s sovereign credit ratings are under threat from factors such as rising fiscal deficit, rising inflation and widening current account deficits, said ... 
FOREX:
Rupee gains 13 paiseThe rupee gained 13 paise against the dollar on Friday mainly due to heavy selling of dollars by big corporate houses. The currency opened at 43.02/05 and touched an intra-day high of 42.71. It closed at 42.87/88, against the previous close of ... GOVT BONDS: Bonds volatile, end lower Bond prices were volatile during the day and ended slightly lower as traders continued to cut their positions in the market. Total traded volumes on the order matching system were at Rs 1,420 crore (Rs 1,925 crore). Dealers said that the 10-year ... SHORT TERM INSTRUMENTS: Call rate ends higher The inter-bank call rate ended higher at 9.10-9.20 per cent, against the previous close of 9.00-9.15 per cent. In the three-day repo auction under the liquidity adjustment facility, the RBI received and accepted 34 bids worth Rs 45,295 crore as ... 
INTERVIEW:
Lakshmi Vilas to focus on low-cost depositsMr V.S. Reddy, Managing Director of Karur-headquartered Lakshmi Vilas Bank has, since assuming charge about 8 months ago, been emphasising the need for a complete ... PRIVATE BANKS: Zensar bags Kotak Mahindra Bank contract Pune, July 11 Zensar Technologies, IT and BPO services provider, has announced a centralised customer relationship management centre for Kotak Mahindra Bank. The centre located here would cater to activities such as customer acquisition, ... FINANCIAL SERVICES: Reliance Money to pick up stake in NMCE Mumbai, July 11 Reliance Money, the broking and financial services arm of the Reliance Anil Ambani group, is in talks to acquire up to 26 per cent in the Ahmedabad-based National Multi Commodity Exchange ... FOREX: Forex reserves down $3.4 b Mumbai, July 11 The foreign exchange reserves fell by $3.393 billion to $308.397 billion for the week-ended July ... GENERAL INSURANCE: BAG targets rural biz Kolkata, July 11 Bajaj Allianz General - a 74:26 joint venture between Bajaj Auto Ltd and Allianz AG, Germany — is looking to boost rural business, according to Mr E.C.J. Augustin, head of sales and strategic ... CREDIT MARKET: Non-food credit up Rs 52,360 cr Mumbai, July 11 Net bank credit increased by Rs 48,654 crore, to touch Rs 24, 13,071 crore, as on June 27, according to the data from the Reserve Bank of India. ... FIXED DEPOSITS: TMB hikes rates on deposits Madurai, July 11 Tuticorin-based Tamilnad Mercantile Bank (TMB) has revised its interest rates on long term domestic deposits upwards, effective from July 9. The rates have been increased by 50 basis points for select maturities. ... CREDIT MARKET: Small borrowal accounts declining Bangalore, July 11 The share of small consumers, farmers and entrepreneurs in bank loans and number of bank accounts has been falling since March 1999, the year when the cut-off limit for small borrowings was raised from Rs 25,000 to Rs ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Cross Currency Rates
Related Topics 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 Ranbaxy-Daiichi deal People's car Other Top Stories Forex reserves down $3.4 b Small borrowal accounts declining Commodity exchanges Q1 turnover up 24% Rlys plans to begin work on freight corridor this fiscal When the taxman tethers TDS to a time machine Infosys betters guidance, pricing outlook clouded Looking back Jun. 29-Jul. 5 South Indian Bank may offer 1:4 bonus Bond yields continue to rise on inflation, oil price hike Bancassurance contributes major chunk for private players SBI list of loan waiver beneficiaries completed Foreign investment pumped up reserves More banks hike lending, deposit rates Get IRDA approvals LIC Housing to pursue project finance focus |
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