Page 129 - Finance News Analysis

RBI likely to hold rate next month

Monsoon uncertainty, increase in oil prices cloud inflation outlook

SBI: Analysts cheer move to raise staff incentive

Performance-linked incentives to rise, stock options might be given to employees above the rank of assistant and deputy general manager

Forex reserves fall by $156.9 mn to $354.36 bn

During the week, gold reserves remained unchanged at $19.07-bn

Rupee snaps 2-day losing streak, up 4 paise

Persistent foreign capital inflows into equity market boosted the currency value

Rupee recovers 5 paise against dollar in early trade

A higher opening in the domestic equity market supported the rupee

Rupee extends losses for 2nd day, down 10 paise to 63.51

Sustained foreign capital inflows into equity market in view of second consecutive gain in Sensex restricted the currency's fall

Rupee ends 2 paise lower at 63.41

However, good foreign capital inflows restricted the rupee's fall, said forex dealers

Market wants FII limit reset in govt debt to reflect exchange rate reality

Currently the dollar-rupee reference rate for the $30-billion conversion for FII limit in G-secs is around Rs 51 to a dollar

India has adequate forex to manage challenges: Mundra

Says crisis in Greece may have some impact on India but there was no direct correlation between the two countries

Rupee ends 13 paise higher at 63.39

The currency hovered in the range of 63.39 and 63.58 per dollar during the day

Rupee ends 13 paise lower at 63.52

However, strong equity market restricted the rupee's fall to some extent, said forex dealers

Rupee weakens 9 paise against dollar in early trade

Weakness in euro against the dollar as Greek exit looms weighed on the rupee

Bond yields jump on open market sale announcement

RBI announced open market sale of bonds for Rs 10,000 crore on July 14

Forex reserves down $704 mn to $354 bn

Foreign currency assets dipped by $410.1 million to $330.090 billion

Trading volumes in interest rate futures hit as rate cut hopes seen limited

While one more rate cut is expected this year, the timing is uncertain

Rupee ends steady at 63.39

Weakness in dollar overseas and firm local equity markets failed to lift the rupee sentiment, a forex trader said

Rupee edges up 6 paise against dollar

The dollar weakened overseas after Greece submitted a fresh bailout plan

Rupee surges by 21 paise at 63.39

However, dollar's firming trend in overseas markets as well as sluggishness in local equity markets, limited the gains

Rupee plunges to 1 week low; falls 14 paise to 63.60

A massive rout in financial markets and commodities worldwide jolted by Chinese stock bubble burst weighed on the local currency

Weighed down by regulatory problems, distressed asset market struggles for growth

Banks are allowed to amortise their loss arising out of a NPA, by selling it to an ARC, over eight quarters