Rupee gains on exporters` dollar sales

Business Standard

Rate policy remains unchanged

Rupee gains further ground

Rupee snaps winning streak

Rupee climbs, Gilts sink

Rupee ends lower midst dull trading

Re, gilts continue to slide

Re plunges, Gilts slide

Dollar crunch pulls rupee down to 44.01

Rupee bounces back

Re ends lower

Re falls; gilts rise

Markets Report

Long gilts rally, Re spikes to 44.48/$

The Reserve Bank of India (RBI) after market hours on Tuesday announced Open Market Operations (OMO) purchase of government bonds up to Rs 10,000 crore. But the step may not help to ease the liquidity situation significantly

RBI announces Rs 10,000 cr OMO

The policy repo rate, which was reduced by 0.25% to 7.50% was in line with expectation

Further rate cuts by RBI likely to be 'slow and halting': RBS

This is the third time that the RBI has cut rates this fiscal

India Inc hails RBI policy; hopes for further cut in future

The 25 basis points cut in repo rate done by the apex bank Reserve Bank of India (RBI) in its mid-quarter review of the monetary policy today has brought cheer to the beleaguered corporate sector

India Inc welcomes RBI move

Macquarie says INR takes a 'double blow' from a marginally less dovish RBI and negative political development which should take the wind off the government's reform sail, but adds developments are not a 'knock out'.

Macquarie keeps its 3-month rupee target at 56

Reuters

Lending rate is unlikely to be cut this month as bankers said that they will wait for further signals from RBI before lowering rates for home and auto loans.
	RBI today slashed short-term lending rate by 0.25 per cent to 7.5 per cent, which the bankers read as not enough for an immediate cut in their lending rates.
	Accordingly, the short-term borrowing rate would also come down to 6.5 per cent. However, the Cash Reserve Ratio (CRR) has been retained at 4 per cent on the expectation that government will start spending more.
	"Banks would cut the lending rate when deposit rates, both short-term and long-term, start showing a decline. Base rate may not be cut at this point of time," Indian Overseas Bank Chairman and Managing Director M Narendra told PTI.
	Status quo will be maintained till the end of March and thereafter the bank would assess the liquidity condition and take a view on the rate cut, he said.
	According to Central Bank of India Chairman and Managing Director M V Tanksale,

Bankers rule out cut in interest rates this month

Press Trust of India

Appreciating the RBI's decision to cut key interest rate by 0.25%, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it could have given a more robust signal to the industry

RBI could have given stronger signal to push growth: Montek

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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