The Hindu Business Line : Saturday, October 11, 2008

MONEY & BANKING

CRR & BANK RATES: Stocks plumb new depths
Industrial growth slides to 1.3%; RBI effects steeper CRR cut. New Delhi/Mumbai, Oct. 10 It never rains, it pours. For long believed to be “de-coupled” from the world economy, the Indian economy showed that it could be buffeted by ...

CREDIT MARKET: Forex reserves fall; bank credit rises
The country’s forex kitty got lighter by nearly $8 billion in a single ...

RBI & OTHER CENTRAL BANKS: ‘A timely move to ease liquidity crunch’
Bankers cheer CRR cut; no immediate decision on lending, deposit rates. Chennai, Oct. 10 The Reserve Bank’s move to cut CRR by 100 basis points, in addition to the recent 50 basis points cut, will ease liquidity concerns by brining in Rs ...

CREDIT MARKET: India Inc worries as bank loans turn scarce
Liquidity crunch forces companies to defer capex, acquisition plans. Mumbai, Oct 10 At the receiving end of cautious banks, corporate India does not see reprieve around the corner. Acquisition and capacity-expansion plans are on hold, with moves ...

CREDIT MARKET: Slowdown in loan disbursals as banks turn more cautious
Mumbai, Oct. 10 The shortage of funds in the banking system has led to a slowdown in loan disbursals by banks, both retail and corporate. Banks are being more selective in their disbursals and are holding back fund commitment to ...

FOREX: ‘We’re seriously looking at cross currency hedging’
Bangalore, Oct. 10 A weak rupee helped Infosys beat its own estimates and analysts’ forecast to post a healthy, double-digit sequential growth in net profit and revenues for the September quarter. Infosys is cautious about the outlook ...

GOVT BONDS: Bond prices surge on CRR cut
Bond prices surged by over Re 1 after the Reserve Bank of India cut the CRR by an additional 100 basis points. Bond yields closed about 20 basis points lower, which means Rs 1.2 higher, said bond dealers. The cancelling of the Rs ...

GOVT BONDS: G-Sec auction cancelled
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FINANCIAL MARKETS: Time for booster shots
On Friday afternoon, the Finance Minister, Mr P. Chidambaram assured the nation that the liquidity problem was being addressed by the Reserve Bank of India (RBI) that had cut the cash reserve ratio (CRR) once again to 7.50 per cent, releasing ...

CRR & BANK RATES: CRR cut may not impact lending rates: Bankers
Bangalore, Oct. 10 The Reserve Bank of India’s extraordinary intervention through a record 150 basis points cut in the Cash Reserve Ratio (CRR) is unlikely to have to any impact on ...

SHORT TERM INSTRUMENTS: Call rates soar as banks hold on to funds
Mumbai, Oct. 10 The inter bank call rates rose to an intra-day high of 22 per cent on Friday, as tight liquidity conditions prevailed in the market. The call rates ended substantially higher at 15.50-16.50 per cent, as against the previous ...

PUBLIC SECTOR BANKS: PNB branch in Kothamangalam
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FOREX: Rupee breaches 49-mark
The rupee continued its depreciating trend against the dollar on Friday, breaching the crucial 49 mark in early trade. The domestic currency depreciated by close to 46 paise due to continuing dollar shortage. Rupee’s movement was ...