The Hindu Business Line : Wednesday, September 24, 2008

MONEY & BANKING

TRADE & LABOUR UNIONS: Bank strike on as talks fail
New Delhi, Sept. 23 Nearly a million bank employees and officers are to strike work on Wednesday and Thursday as the conciliatory talks held here today between the Indian Banks’ Association (IBA) and the United Forum of Bank Unions ...

CREDIT MARKET: Cos unlikely to take ECB route as spreads are high
Domestic credit seen more cost-competitive. Bangalore, Sept 23 With rising risk spreads domestic corporates are unlikely to access foreign currency funds, despite further liberalisation of external commercial borrowing (ECB) ...

INSIGHT: How terrible is the US financial crisis?
The patterns of globalisation that have emerged over the past 25 years are marked by three critical characteristics. The first is that capital has free mobility, and can move around the world today in nanoseconds, if need be. Even if that speed ...

TECHNICAL ANALYSIS: Sideways move in rupee
It has been a tumultuous period for all financial markets and the forex market was no ...

GOVT BONDS: Bond prices up
Bond prices gained by 23 paise on expectations that liquidity could ease, said dealers. Liquidity was tight due to advance tax outflows. However, with payment of arrears to Government employees and increase in Government salaries, the liquidity ...

FOREX: Rupee weakens on dollar demand
The rupee closed about 20 paise lower on strong dollar demand and a weak domestic equity market. The rupee opened at 45.50 and touched a low of 45.94 during day trade. It closed at 45.73, against the previous close of 45.44/45. There was ...

SHORT TERM INSTRUMENTS: Call rates close lower
Call rates closed lower at 12.0-12.25 per cent, against the previous close of 14.0-14.5 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 44 bids worth Rs 52,145 crore. ...

FOREX: ‘Capital flows will slow down only marginally’
Chennai, Sep 23 The turmoil in the US financial market may at best result only in a slight slowdown in capital flows into India, feels Dr C. Rangarajan, Member of Parliament (Rajya Sabha) and former Governor of the Reserve Bank ...

FINANCIAL POLICY: Cos can issue exhangeable bonds in foreign currency
Mumbai, Sept 23 The Reserve Bank of India has announced the operational guidelines for Foreign Currency Exchangeable Bonds (FCEB), which will come into effect ...

RBI & OTHER CENTRAL BANKS: ‘Controlling inflation is priority’
The Reserve Bank of India should continue to undertake monetary tightening measures to rein in ...

FINANCIAL MARKETS: Now, for the economy
The US Treasury Secretary, Mr Henry Paulson, is about to be given sweeping powers to buy loans and investments of $700 billion off banks, financial institutions and insurance ...