Page 148 - Finance News Analysis
Rupee falls 3 paise against dollar in late morning trade
Fresh dollar demand from banks and importers affected the currency
 "Rupee falls 3 paise against dollar in late morning trade")
Rupee snaps 2-day gains, down 8 paise
A strong dollar in overseas markets affected the currency
 "Rupee snaps 2-day gains, down 8 paise")
India Inc disappointed by RBI status quo on repo rate
CEOs say cost of funds still high, unlikely to go for loans yet
 "India Inc disappointed by RBI status quo on repo rate")
It's premature to take a strong view on the new GDP numbers: Raghuram Rajan
Following are the excerpts from RBI Governor Raghuram Rajan's interaction with the media after the monetary policy announcement
 "It's premature to take a strong view on the new GDP numbers: Raghuram Rajan")
RBI signal: Budget first, rate cuts later
Market still hopes for 50-75 bp repo rate reduction this year
 "RBI signal: Budget first, rate cuts later")
Some calm amidst the storm: Sajjid Chinoy
The move to inflation targeting is predicated on the principle of having as many instruments as targets.RBI should use interest rates to fight inflation
 "Some calm amidst the storm: Sajjid Chinoy")
Reserve Bank gets 41 applications for payments banks, 72 for small banks
The deadline to submit applications for setting up niche banks was Monday. It had been extended from the earlier deadline of January 16
 "Reserve Bank gets 41 applications for payments banks, 72 for small banks")
Different deposit rates for those who want to withdraw prematurely
Those looking to invest overseas can send more money abroad
 "Different deposit rates for those who want to withdraw prematurely")
Rupee gains 13 paise to end at nearly 1 week high
Foreign inflows and hopes of rates cuts in the future continued to support the local currency
Rupee trims initial gains vs dollar
The local currency moved in a range of 61.63 and 61.77 per dollar during the late morning trade
 "Rupee trims initial gains vs dollar")
Bonds fall, rupee trims gains after RBI keeps rates
10-year yield up 4 bps to 7.68%; rupee trims intraday gains to 61.76 per dollar
 "Bonds fall, rupee trims gains after RBI keeps rates")
Base rate cut have to wait till next quarter
Banks keen to protect margins amid sluggish credit offtake
 "Base rate cut have to wait till next quarter")
India to run current account deficit for foreseeable future: Rajan
RBI's focus on keeping inflation low and stable, says Raghuram Rajan
 "India to run current account deficit for foreseeable future: Rajan")
Rupee rises 6 paise ahead of RBI policy
Currency's gain came after speculation that RBI could cut rates to help boost economic growth fuelled expectations of foreign fund inflows, says Admisi Forex
Rupee recovers from initial losses; up 6 paise in morning trade
Recovery in equity market also boosted the rupee value against the dollar
 "Rupee recovers from initial losses; up 6 paise in morning trade")
RBI ups forex intervention in spot market
This will ensure comfortable liquidity as inflation eases, say experts
 "RBI ups forex intervention in spot market")
Rupee, bond market await RBI policy outcome
Most experts say RBI is expected to leave rates unchanged
India's forex reserves down $97.9 million to $322 billion
Foreign currency assets fell by $19.7 million to $297.510 billion in the reporting week
 "India's forex reserves down $97.9 million to $322 billion")
RBI may cut interest rate further in policy review this week
The central bank last month announced a surprise rate cut of 25 basis points after maintaining a hawkish monetary stance for 20 months
 "RBI may cut interest rate further in policy review this week")
