Auction announcement and the dollar movement will be crucial for the market; The spot rupee is expected to rule in a wide range of 45.75-46.15 against the dollar; The benchmark ten-year paper is

Fund crunch to ease; Re may dip

Business Standard

The rupee completed the first monthly loss since January, as global funds cut holdings of the nation&rsquo;s stocks on concern that economic growth was cooling. The rupee dropped 1.9 per cent this month to 45.0575 per dollar at close in Mumbai, according to data compiled by Bloomberg. It rose 0.1 per cent from yesterday, advancing for a fourth day.

Rupee posts monthly loss

The months since October, when the microfinance crisis broke out on its home turf in Andhra Pradesh, have been traumatic for the sector. Several leading microfinance institutions (MFIs) that have their primary exposure in the state are in deep trouble, with recovery going down to as low as 10-15 per cent.

Microfinance learns the hard way

The rupee gained for a fifth day, its longest winning streak in eight weeks, after a report predicted the nation&rsquo;s benchmark stock index would advance.

Rupee gains for a fifth day

Government bonds continued to rule firm on sustained buying by banks and companies.

Bonds firm on sustained buying

I gave my account number to someone, expecting a money transfer. A few days later, I realised I had fallen for an online email scam.

Banking: Prashant Joshi

The rupee advanced to a three- week high after foreign investors added to their holdings of local stocks. The easing of concern about Europe&rsquo;s debt crisis also aided the rupee&rsquo;s gain.

Inflows see rupee at 3-week high 

The youngest chief executive of the Indian banking industry is not like the usual bankers. For starters, N Kamakodi, the 37-year-old managing director and chief executive of City Union Bank, has a penchant for Tamil literature and classical carnatic music.

BS People: N Kamakodi

Chip-based cards have a small chip which stores the account information in an encrypted format and provides an additional level of security by asking for a personal identification number (PIN).

What are chip-based and magnetic strip cards? 

The rupee gained for a ninth day after international investors increased holdings of local shares by the most in more than a month, to benefit from the nation&rsquo;s relatively fast economic growth.

Rupee gains for a ninth day

India&rsquo;s 10-year bond yields fell to their lowest level in more than three weeks on speculation that the Reserve Bank of India would temper the pace of interest-rate increases, as economic growth slows.

Bond yields at 3-week low

Prakash Bakshi, the newly-appointed chairman of the National Bank for Agriculture &amp; Rural Development (Nabard) is the only executive director to make it to the top job at the bank. However, his appointment comes at a time when Nabard is at the crossroads, with the ongoing repositioning and restructuring exercise crucial not only to the organisation but also to the entire rural development banking in the country.

BS People: Prakash Bakshi

While the environment is not conducive, most of the concerns are factored in and valuations have entered an attractive zone.

PSBs seen safe bets despite short-term blips

(a) Late statements/bills: In a scenario where the onus of making timely payments lies with the customer, receiving monthly statements/bills late should not be overlooked. Delayed payments attract an interest penalty of 2.95 per cent on the billed amount.

What are the common credit card grievances?

The rupee gained the most in two weeks on speculation that the central bank would raise interest rates this week for the fourth time this year, helping draw global funds to local assets.

Rupee gains on speculation of rate increase

The&nbsp;rupee dropped the most in three weeks after concern that the global economic recovery was slowing prompted investors to favour safer bets than emerging-market assets.

Rupee dips the most in 3 weeks

The rupee dropped for the second time this week on speculation accelerating inflation would erode economic growth and damp overseas investors&rsquo; demand for the nation&rsquo;s assets.

Rupee drops on inflation concern

Loans are set to become more expensive, with most banks preparing to increase their lending rates after the Reserve Bank of India (RBI) raised key policy rates for the 10th occasion in 15 months.

Lending rates to go up after RBI rate increase

While the domestic inflationary trajectory is showing no sign of pausing or reversing any time soon, there are increased risks to domestic growth on account of both adverse domestic and global factors, at the current juncture. Moreover, a circular loop between fiscal issues and growth is quite likely.

Loop between fiscal issues, growth likely

The signs that a rate rise was imminent were more than clear. The only question was by how much. Many had expected the Reserve Bank of India (RBI) to raise the rates by an aggressive 50 basis points, as it did in May. However, the regulator has taken into account the softening in the global economic environment and the moderation in domestic economic activity. It seems to have decided to raise rates in a gradual manner.

RBI may need to front-load the remaining rises

Flagging concern over inflation becoming generalised, the Reserve Bank of India (RBI) on Thursday said a rise in the prices of manufactured products, along with elevated food prices, may contribute to inflation expectations.

Inflation turning  broad-based

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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