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Wednesday, September 02, 2009
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MONEY & BANKING

CREDIT MARKET: Credit offtake set to rise
Mumbai, Sept. 1 Banks can achieve the 20 per cent credit growth projected by the Reserve Bank of India in its Annual Policy, as corporate demand is expected to gather steam in the second half of the financial year, according to Mr M.V. ...

TECHNICAL ANALYSIS: Rupee under pressure
Rupee moved in a narrow band against the dollar in August, first appreciating to 47.1 and then declining towards the 49 mark. Relatively placid movement in equities contributed to this range-bound movement in rupee. Foreign institutional ...

RBI & OTHER CENTRAL BANKS: RBI plans ‘non-rate’ interventions to contain food price rise
Measures to push up cost of carrying inventories on the cards. Bangalore, Sept. 1 The Reserve Bank of India is mulling “non-rate” policy measures to rein-in galloping food prices. These unconventional measures would rely not on the ...

SHORT TERM INSTRUMENTS: Call rate ends slightly higher
The inter-bank call rate ended slightly higher at 3.25-3.30 per cent, against the previous close of 3.20-3.25 per cent. Under the Liquidity Adjustment Facility (LAF) conducted by the Reserve Bank of India, there were no bids in the one-day ...

LIFE INSURANCE: Life insurers’ rural biz may take a hit as premium payment declines
Kolkata, Sept. 1 Life insurance companies fear a slowdown in rural business this year in view of the drought situation in large parts of the country, entailing lower disposable income for the rural people. Nearly 50 per cent of the ...

DERIVATIVES MARKETS: NRIs not allowed to trade in interest rate futures
Mumbai, Sept. 1 A day after the launch of trading in interest rate futures (IRF), the National Stock Exchange on Tuesday clarified that non-resident Indians are not permitted to trade ...

PENSION PLANS: Shriram Life launches new pension plan
New Delhi, Sept. 1 Shriram Life Insurance Co Ltd, on Tuesday, announced the launch of the Shriram Pension Plan. The new plan is a unit-linked premium plan with features like ‘Zero Sum Assured’, which means no life cover would ...

FOREX: Rupee weakens, closes above 49
Mumbai, Sept. 1 The rupee was very volatile and weakened to close above the 49 level on Tuesday. It opened higher at 48.74/75 and closed at 49.02/04, against the previous close of 48.83. There was heavy dollar buying towards the end of the ...

RBI & OTHER CENTRAL BANKS: Redefining central banking
Jackson Hole is the annual gathering of central bankers, hosted by the Federal Reserve Bank of Kansas, one of the several regional arms of the US Federal Reserve. It is always a much looked-forward-to event for its insightful ...

HOUSING FINANCE: Housing loan for Govt employees
The Kerala Government has notified the restoration of a housing loan scheme for employees, which was officially announced in the State Budget 2009-10. An official spokesman said here that, as part of the scheme, the State Government would ...





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Markets (Sept 1)
Nifty (at 3.30 pm)4,625.35(-36.75)
US Dollar (Buy/Sell)49.02/03
Brent crude (a bbl) Rs3,361
Gold (a gram) Rs1,406
Silver (a kg) Rs25,485

Cross Currency Rates

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