Page 171 - Finance News Analysis
Walking together
Reserve Bank of India right to maintain status quo on rates
Uncertainty over monsoon could stoke food inflation: RBI
However, expressed the hope that govt policies will improve supplies in the coming months
 "Uncertainty over monsoon could stoke food inflation: RBI")
Rajan hints at more SLR reductions as fiscal metrics improve
RBI cut SLR by 50 basis points to 22%
 "Rajan hints at more SLR reductions as fiscal metrics improve")
Rupee extends gains as corporates, custodians sell dollars
Traders expect it to be in a 60.60 to 61.00 range
 "Rupee extends gains as corporates, custodians sell dollars")
RBI likely to hold rates steady, may cut SLR
Economists expect Rajan's tone to be less dovish
Rupee jumps most in 3 weeks to end at 60.93 vs dollar, up 25 paise
The currency had closed at 61.18, a four-month low, on Friday after dropping 63 paise against the US unit
 "Rupee jumps most in 3 weeks to end at 60.93 vs dollar, up 25 paise")
Rupee off session highs on oil-related dollar demand
Is seen in a 61 to 61.20 range during the rest of the session
Rupee's weakness seen limited
Currency traders believe the slow recovery could lead to the US Fed keeping interest rates low for a while
Forex reserves close to all-time high
The forex kitty up $2.71 billion to $320.56 billion
 "Forex reserves close to all-time high")
Rupee down but Street thinks it's temporary
Rajan says India not immune to global markets
 "Rupee down but Street thinks it's temporary")
Rupee at 3-month low as domestic shares fall
Rally in US currency in global markets also affects rupee
 "Rupee at 3-month low as domestic shares fall")
 "RBI: Three burning questions")
Reserve Bank likely to focus on liquidity management
Tight situation since earlier policy appraisal, with high and volatile short-term rates; however, some observers also feel it might choose not to ease things now, with credit demand yet to pick up
 "Reserve Bank likely to focus on liquidity management")
Rupee at 1-1/2 month low as state-run banks buy dollars
Dollar purchases for defence purposes also cited
 "Rupee at 1-1/2 month low as state-run banks buy dollars")
RBI seen keeping policy rate steady until Q1 2015: poll
While inflation has eased, some forecasts say it could spike again if rains are inadequate
 "RBI seen keeping policy rate steady until Q1 2015: poll")
Rupee rises 7 paise Vs dollar to end at over 2-week high of 60.06
Fresh dollar selling by exporters too aided the rupee rise
Rupee falls on month-end dollar demand
Dollar's strength overseas also hurts
 "Rupee falls on month-end dollar demand")
 "Rate cut? The wait just got longer")
 "August too early for rate cut by central bank")