Swap facility for FCNR(B) deposits, bank overseas borrowings attracted $ 6.9 billion and $ 4.4 billion
Central bank may opt for a cut in MSF rate as rupee stabilizes
Cheap policy rates will shore up sentiment
Also find out what is trend likely to be in mid-caps
SBI, YES Bank, Union Bank of India,BOB, PNB and IndusInd Bank are down 2-6% on the National Stock Exchange.
Hurt by fall in domestic shares
Any rally would be a good opportunity to book profits whereas any correction would provide a fresh opportunity to accumulate
RBI's second quarter monetary policy review to provide direction to rupee movement
Equally important thing is the normalisation of other aspects to monetary policy so that we are at least back to normal functioning of monetary policy, says Rana Kapoor
A hike in repo rate by 25 basis points is expected on October 29 to anchor inflationary expectations going forward, says SBI Chief Economic Adviser Soumya Kanti Ghosh
Market, whose benchmark Sensex closed at over one-week low of 20683.52 last Friday, expected to witness volatility in next few sessions
As month end dollar demand from importers comes to an end, currency dealers expect the rupee to strengthen after Oct 31
Meanwhile on Friday the rupee ended at 61.46, marginally strong compared with previous close of Rs 61.47 per dollar
Says non-appreciation or non-depreciation of rupee does not mean stability
Month-end dollar demand from importers is making the rupee weaker
The rupee closed at 61.47 a dollar, compared to 61.59 on Wednesday
A radical segment in the market believes RBI should hold on to higher rates for negative real rates with hurt savings & investments
At 12:20 pm, rupee was trading at Rs 61.42 compared with previous close of Rs 61.59 a dolalr
Ends at 61.59/60 a dollar, compared to 61.65/66 on Tuesday