Page 287 - Finance News Analysis
Textile imports from Bangladesh fall as rupee hurts
With the depreciation, there is no difference between Indian manufactured apparel and the apparel manufactured in Bangladesh.
Rupee down by 4 paise, at 55.56/dollar
Fails to maintain early gains on renewed dollar demand from banks and importers
RBI's move will boost near-term inflows: experts
RBI asks exporters to convert 50% of forex into rupees
Exporters need to sell $2.5-$3 bn after RBI move: sources
RBI ask exporters to convert half of their balances in the exchange earner's foreign currency account to rupees
As Rupee falls, exporters under pressure to offer discounts
Buyers have started pressurising us to offer maximum discount: traders
Rupee up 14 paise at 54.22/dollar in early trade
Increased selling of US currency by exporters and banks helps rupee
 "Rupee up 14 paise at 54.22/dollar in early trade")
Rupee snaps 2-day losing string, up at 54.37
The currency edges up by a paisa; forex dealer says bearish domestic equities restricted the rise
Rupee bounces off two-week lows
Easing of political instability domesctically & ECB's assurance to Cyprus helped the rupee recover
 "Rupee bounces off two-week lows")
Futility of a rate cut
In present scenario, the 25 bps reduction in the repo rate won't help the economy
 "Futility of a rate cut")
RBI eases infrastructure financing norms
Advances to earnings-backed project to be treated as secured loans; move to benefit BOT road and power sector projects
 "RBI eases infrastructure financing norms")
Monetary policy does not meet real estate sector expectations
The mid-quarter plicy may not give thrust to demand for affordable housing
 "Monetary policy does not meet real estate sector expectations")
Rupee down 3 paise at 54.40/dollar in late morning deals
Persistent dollar demand from importers, weak local equity market affects rupee
 "Rupee down 3 paise at 54.40/dollar in late morning deals")
 "Rs 10,000-cr OMO balm for market")
Repo rate cut not enough, complementary actions needed: C Rangarajan
Interview with Prime Minister's Economic Advisory Council Chairman
 "Repo rate cut not enough, complementary actions needed: C Rangarajan")
 "Limited scope for more rate cuts")
Lending, deposit rate cuts unlikely
Liquidity situation continues to remain tight; easing seen only from mid-April
 "Lending, deposit rate cuts unlikely")
RBI cuts rate, but remains hawkish
Repo rate cut 25 bps; CRR unchanged; the central bank says limited room for further rate cuts; banks rule out action on lending rate
 "Citigroup agrees to settle bond lawsuit for $730 mn")