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RBI to conduct liquidity ops if required during holidays

Tomorrow is a bank holiday on account of Ram Navmi, followed by a holiday on April 2 for Mahavir Jayanti, and then April 3 for Good Friday

Govt extends Indian Bank CEO's term

T M Bhasin has been given a sixteen-month extension in the capacity of a CEO and not CMD though

CCI dismisses complaint against Tamilnad Mercantile Bank

Order was made after a complaint filed by a timber company

Digitised policies to soon be mandated for high premium policies

Insurance repositories will be involved in the process of maintaining these policies in a digital format

String of bank holidays from March 28 to affect consumers: Assocham

According to Assocham, while ATMs will technically remain operational, problems could arise

Features Rss icon

How new debt norms will ease banks' pain

Banks can now convert any amount of debt into equity, but many believe the relief will be short-lived

India Inc's global borrowings mount

At $161 bn, corporates' forex borrowings have grown at a CAGR of 15.6% since 2008, outpacing GDP and earnings growth in dollar terms

RBI's rate cuts to impact margins of top banks in FY16

Weak loan growth, capital constraints and lower margins make PSBs unattractive

Insurers see a change agent in new FDI rules

Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled

Federal Reserve can hike funds rate anytime after April

Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast

Money & Forex Rss icon

Rupee rebounds 26 paise; snaps 2-day losses

The domestic currency moved in a range of 62.39-62.81 during the day

RBI's forex reserves climb to all-time high of $340 bn

The reserves have been rising because the central bank has been mopping dollar flows through state-run banks gets $ 2 million seed funding

Mushtaq Shah and strategic advisor Faraz Naqvi have funded in their private individual capacities

Rupee falls 31 paise against dollar in early trade

Forex dealers attributed the fall in the rupee to increased demand for the dollar from importers

Policy Watch Rss icon

RBI to hold rates on April 7, says poll

RBI governor had surprised markets by cutting repo rate last week

RBI cuts rate, banks set to follow suit

Markets expect more follow-up action by RBI, as inflation is likely to remain low

'Budget will help India become a power house in the world'

RBI Governor says: 'I don't think we ever do anything in our regulatory framing without the full consent of the govt and I presume it will be ...

Low rate to help revive stalled projects, says India Inc

CEOs say RBI's rate cut will boost demand for home and auto loans

Editorial Comment Rss icon

Debt conversion into equity

Speeding up court decisions must be a priority

Preparing for the Fed

No room for complacency from RBI

Columnists Rss icon

Akash Prakash

Akash Prakash: The dollar consensus
Akash Prakash

Most are convinced the dollar will keep strengthening - so it's useful to ask: could they be wrong?

T N Ninan

T N Ninan: What's RBI smoking?
T N Ninan

RBI is encouraging companies to borrow more overseas, which has added to the upward pressure on the rupee

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10-year gilt yield (%)

Banking Data

Instrument 27/03/2015 1 year ago
Call Rate 7.00 7.05
5 yrs GSec 7.82 8.85
10 yrs GSec 7.87 8.97
Bank rate 8.50 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.75 8.00/9.25