Dollar demand from importers also affects rupee
At the end of March this year, Akula held just 10 shares of the company, having sold almost his entire stake after his exit in 2011
But declines relaxation on overall capital requirements
Benchmark 10-year bond yield was at 8.62%, down 11 bps from the day's high
RBI Governor on Sunday called on PM Narendra Modi and is believed to have discussed the macroeconomic situation
The RBI is expected to build reserves so the source of primary liquidity creation is backed by forex reserves
Even if the public sector banks' entire demand for capital is met by the government, it is doubtful the money will be enough. The banks will have to raise the bar on several counts to draw capital fro
Increased dollar inflows into local equity markets restricted the rupee rupee fall
Closed at 59.15 per dollar compared with 59.10 on Friday
Strong domestic equities cap losses
With expectations of structural reforms, improving global markets and stabilising inflation, the market expects a scale-down in hawkish tone
Rupee rise could lower inflation; at 55, therell be no diesel under-recoveries, so diesel subsidy will be nil
Foreign currency assets, a key component of reserves fell by $ 2.26 billion to $ 285.56 billion
The accidental banker
Rupee today commenced a little down at 59.05 a dollar from last close of 59.03
Is caught between dollar inflows and month-end import demand
Jaitley is not seen to be as hawkish as Rajan on inflation, which could cause tension
Indian equity benchmark Sensex today tumbled by 322 points, while FIIs withdrew about Rs 523 crore as per provisioonal data
Month-end dollar demand from importers limits gains