Will corporate houses probed by federal agencies be eligible for banking licenses under RBI's 'fit and proper' criteria?
Month-end dollar demand keeps rupee under pressure
Broad range for rupee is seen between Rs 61.50 to 62.50 per dollar
Wants easier monetary policy, affordable credit for SMEs, exports and infrastructure, among others
At 12:30 pm the rupee was trading at Rs 61.47 vs Rs 61.27 per dollar
Bonds will trade between two week high-low as traders await RBI monetary policy review at month end factoring for a 25 bps repo hike later this month
Currency dealers see rupee trading in range of Rs 60.80 to Rs 61.90 this week
Since beginning of FY14, rupee has weakened about 13%
Foreign currency assets, key component of reserves, rise to $250.85 bn
The positive sentiments are due to hopes that the US tapering would be delayed
However, month-end dollar demand could keep rupee under pressure
Credit bureaus collecting details of millions of small borrowers across India
Value goes down as importers rush to buy dollars ahead of US debt ceiling deadline
Reserve Bank on Oct 7 reduced MSF rate to 9% to improve liquidity in the system
With inflation now out of RBI's comfort zone for four months in a row, a 0.25% repo rate hike is expected, says Crisil
Dollar demand from importers later in the day may affect rupee
In September, inflation stood at 6.46%, the highest since February