Page 110 - Finance News Analysis
Rupee slumps 34 paise against US dollar in early trade
Strong demand for the American currency from banks and importers amid sustained capital outflows affected the rupee
 "Rupee slumps 34 paise against US dollar in early trade")
Rupee extends losses, drops 5p
The domestic currency has lost 16 paise or 0.24% in two days
 "Rupee extends losses, drops 5p")
Rupee down 13 paise to 66.7 against dollar
Fresh demand for the American currency from importers affected the rupee
Rupee goes off-track, down 10 paise at 66.59
Persistent foreign capital outflows affected the market sentiment, said a forex dealer
 "Rupee goes off-track, down 10 paise at 66.59")
RBI keeps rates on hold, for now
Rajan for faster transmission of rate cuts by banks
 "RBI keeps rates on hold, for now")
Banks should clean balance sheets by FY17, says regulator
Raghuram Rajan said stressed assets would have to be cleaned on the balance sheet by not only provisioning but also by putting some of these assets back on track
 "Banks should clean balance sheets by FY17, says regulator")
China leaves India trailing in race for reserve currency status
Beijing has introduced a flurry reforms to ensure the yuan was widely used in international transactions and commonly traded
 "China leaves India trailing in race for reserve currency status")
Rupee closes at 66.49, up by 18 paise
According to a forex dealer, firm trend in equity market supported the rupee sentiment
Tracking RBI's central concerns
Governor's statements will be weighed to gauge confidence level in meeting inflation milestones
 "Tracking RBI's central concerns")
Rupee breaks losing momentum, up 9 paise at 66.67
The currency had dropped by 44 paise or 0.66% in the previous two trading days
Rupee weakens 8 paise vs dollar in early trade; over 2-yr low
The dollar was firm against major global currencies which dampened rupee sentiment, dealers said
Experts bet on RBI to hold rates steady on Tuesday
Central bank adopting a wait- and-watch approach ahead of US Fed meeting
 "Experts bet on RBI to hold rates steady on Tuesday")
Rupee tumbles to 26-month low, RBI arrests slide
Could fall further on Fed moves and if China readjusts the yuan to deal with its own slowdown
 "Rupee tumbles to 26-month low, RBI arrests slide")
Weak rupee not a dampener for foreign tours, say travel cos
Air tickets, visa cost, insurance and tour managers' salaries are factored in rupee
 "Weak rupee not a dampener for foreign tours, say travel cos")
Forex reserves down $150 mn to $352 bn
Gold reserves remained unchanged at $18.7 billion
 "Forex reserves down $150 mn to $352 bn")
RBI to pause on Tuesday; cut 25 bps in Feb: BofA-ML
RBI governor on Sep 29 effected a more-than-expected interest rate cut of half a percent to spur the economy
 "RBI to pause on Tuesday; cut 25 bps in Feb: BofA-ML")
RBI to hold rates steady, growth seen rising to 7.3% in Sept quarter
The central bank is expected to hold its policy interest rate at 6.75%
 "RBI to hold rates steady, growth seen rising to 7.3% in Sept quarter")
Rupee plunges to over two-year low, RBI intervention seen
The dollar's strength against other currencies overseas kept pressure on the rupee
Rupee tumbles 24p to close at 66.57
According to forex dealers, foreign capital outflows affected the rupee sentiment
