Page 231 - Finance News Analysis
India Inc jitters on rupee, economy
Mahindra, Bajaj rap govt for inaction
 "India Inc jitters on rupee, economy")
Rupee near record low at 60.37 vs dollar
The rupee has slumped 1.7% for the month, its third successive month of losses
Where is the rupee headed?
Rupee dropped to 61.20 in late morning deals, almost touching record low of 61.21 hit on July 8
 "Where is the rupee headed?")
NRI/sovereign bonds needed to hold Rs 60/Dollar: BofA-ML
Rupee today breached the 61-mark again by falling 60 paise to 61.07 against the dollar in early trade
 "NRI/sovereign bonds needed to hold Rs 60/Dollar: BofA-ML")
Has Subbarao been pushed out of the next RBI Governor race?
Questions arise on whether Subbarao has paid the price for not toeing the government line
 "Has Subbarao been pushed out of the next RBI Governor race?")
Rupee approaches record low; breaches 61
RBI intervenes, but traders say currency to fall further unless steps taken
Rupee needs more reform to stabilise: Anand Mahindra
Says enduring remedy is more reforms across ministries
 "Rupee needs more reform to stabilise: Anand Mahindra")
Rapid depreciation of the rupee put us in a vicious spiral: D Subbarao
Interview with RBI governor
 "Rapid depreciation of the rupee put us in a vicious spiral: D Subbarao")
India Inc braces for steep fall in demand
Slowdown expected in fresh investments; rate-sensitive sectors to take a hit
 "India Inc braces for steep fall in demand")
RBI most likely intervened as rupee neared record low
The rupee was last at 61.12/13, not far from the life low of 61.21 seen on July 8
 "RBI most likely intervened as rupee neared record low")
 "SBI to review rates if liquidity curbs continue over 3 weeks")
Banks seek forbearance on restructured loan provisions
In view of mounting corporate debt, banks on Tuesday sought forbearance in making provisions for restructured loans
 "Banks seek forbearance on restructured loan provisions")
More cuts in repo not expected this financial year
RBI has kept key policy rates, CRR unchanged in first quarter policy review
 "More cuts in repo not expected this financial year")
Bankers ask RBI for relaxation
Say surge in bond yields will hit balance sheet valuations; turned down on CRR plea
 "Bankers ask RBI for relaxation")
It's status quo on repo, CRR; focus shifts to rupee
But dovish tone makes currency slide; RBI not comfortable with sovereign bonds; No timeline given for rollback of liquidity-tightening measures
 "It's status quo on repo, CRR; focus shifts to rupee")
Stability-oriented monetary policy: S S Mundra
RBI is confident sufficient business would continue to flow to the banking sector in the second half of 2013-14
 "Stability-oriented monetary policy: S S Mundra")
Milder stance compared to last policy: Keki Mistry
Bond yields, which had spiked sharply following RBI's liquidity tightening measures, softened after the policy announcement
 "Milder stance compared to last policy: Keki Mistry")
Real estate sector needs incentives: Rajeev Talwar
Industry is not asking for any stimulus or any additional measure. It is just looking for ways of promoting growth
 "Real estate sector needs incentives: Rajeev Talwar")
RBI shoulders arms: Sajjid Chinoy
RBI stayed on hold, signalling that the unconventional monetary tightening was meant to be temporary
 "RBI shoulders arms: Sajjid Chinoy")
Rupee might fall further; bond yields expected to rise
Rupee ended at 60.49 a dollar on Tuesday compared with the previous close of 59.42
