Fresh demand for the US currency from banks and importers amid strong global cues affects rupee
This will be Mundra's second stint with the bank
MARKET ROUND-UP
In its Asia-Pacific Banking Outlook 2013, it said impaired loans were yet to peak among PSBs in India
RBI has won the battle against inflation, in our view
Fresh selling of dollars by banks and exporters, driven by persistent capital inflows from foreign funds, helps rupee
Pratip Chaudhuri says bank has already requested for CRR cut by 1% and repo rate by 0.5%
Sustained capital inflows from foreign funds into the equity market, boost rupee against the dollar
Snaps two-day losses to end higher at 53.67 against dollar
Changing tracks for the love of insurance
Fresh demand for US currency from importers and some banks affects rupee
Estimate to be below 7% RBI Q2 prediction was 7.5%
Most economists expect RBI to cut the repo rate in the policy review on January 29
Renewed dollar demand from banks and exporters in view it being stronger in the overseas market mainly affected the rupee value
This is due to fresh heavy demand for the American currency from importers