Page 224 - Finance News Analysis
Vivek Dehejia: Fixed or flexible exchange rate?
The current debate around the rupee is a perfect opportunity to revisit a classic debate between two titans: Friedman and Mundell
Weak rupee casts its shadow on overseas education plans
The number of applicants has dropped by up to 25% due to the declining currency
 "Weak rupee casts its shadow on overseas education plans")
M O Rego is new DMD at IDBI Bank
Government has appointed Rego as DMD on board for five years
Rupee weakens marginally on weak GDP data
Dealers say it might strenghten later on dollar sale by PSUs
 "Rupee weakens marginally on weak GDP data")
Bond markets to move between hope and dismay: Jajoo
The market will likely gyrate between hope and dismay alternatively for some time till some more confidence building measures take effect
 "Bond markets to move between hope and dismay: Jajoo")
RBI to postpone mid-quarter review
The mid quarter review of RBI was originally scheduled on 18 September
 "RBI to postpone mid-quarter review")
Remittances by NRIs from Punjab grow up to 10% on weak rupee
Industry insiders revealed that some of NRIs even borrowed funds at a cheap rate and sent back to India to earn more money
 "Remittances by NRIs from Punjab grow up to 10% on weak rupee")
India should keep option open for IMF credit: Jalan
India's forex reserves decreased by $1.08 billion to $277.72 billion for the week ended August 23, according to the latest RBI data
 "India should keep option open for IMF credit: Jalan")
Asian currencies fall on Fed-triggered sell-off
The rupee completed its worst month since 1992 and the rupiah headed for its biggest decline in five years, as analysts cut expansion forecasts for the two economies
 "Asian currencies fall on Fed-triggered sell-off")
Forex reserves fall $1 bn in a week
In the previous week ended August 19 the reserves rose by $205.8 million to $278.81 billion
 "Forex reserves fall $1 bn in a week")
Rupee gains 85 paise to 65.70 per dollar after PM's comments
Support for the local currency also came from dollar sales by exporters and some banks
 "Rupee gains 85 paise to 65.70 per dollar after PM's comments")
RBI likely selling dollar via state-run banks, rupee recovers
The RBI likely sold dollars via state-run banks starting at around 67.20 rupee levels
 "RBI likely selling dollar via state-run banks, rupee recovers")
Rupee recovers after RBI intervenes
The central bank reportedly sold dollars via public sector banks
 "Rupee recovers after RBI intervenes")
RBI says growing significance of asset prices in monetary transmission
Deepak Mohanty said that as demand for housing finance grows, risks may arise on household and lenders' balance sheets
Rupee charts in uncharted territory
Indian regulators have taken steps to reduce arbitrage opportunities between the onshore and offshore markets
 "Rupee charts in uncharted territory")
Rupee crash forces holidaymakers to ditch Italy for Goa
Hotel groups are seeing a spike in bookings for the winter season from domestic tourists and from foreign travellers
Rajan's early and tough test on restoring confidence
Not promises but restoring confidence by tough actions could calm markets
 "Rajan's early and tough test on restoring confidence")
What Subbarao said his in last public speech as RBI Governor
'During crisis times, it helps enormously if governments and central banks act, and are seen to be acting, in concert'
 "What Subbarao said his in last public speech as RBI Governor")
Rupee strengthens after RBI opens forex window for OMCs
RBI likely sold dollars to prevent rupee from slipping below 68 to the dollar