MARKETS REPORT
MARKETS REPORT
In talks with industry bodies to bring bankers and borrowers together
Kumar has worked with Allahabad Bank and Corporation Bank previously
Higher opening in the equity market, strengthening of euro against the dollar supports rupee
Increased dollar selling by exporters and banks amid sustained foreign capital inflows supports rupee
Previously, Reddy was with the RBI as its Governor since September 2003
A lot depends on the group bagging a banking licence
Dollar's gains against the euro overseas and sustained demand for the American currency from importers affects rupee
Forex dealers, however said, a rally in local equities amid increased capital inflows limited the rupee's fall to some extent
RBI's new deputy governor is an old hand
Increased demand for the US currency from importers amid firm global cues affects rupee
Massive demand for the US currency from oil firms is the reason