Government bonds closed mixed on alternate bouts of demand and supply.

Govt bonds fall slightly

Business Standard

Clad in his trademark kurta pyjama Vikram Akula has never been at a loss for words while articulating to the media the pivotal role that micro-lending can play to liberate the rural poor from the clutches of money lenders. It earned him the status of poster boy for the microfinance industry.

Newsmaker: Vikram Akula

The rupee on Tuesday closed down by seven paise to settle at 52.02/03 against the dollar, owing to weakness in local stocks and fresh dollar demand from importers.

Rupee down on weak stocks

It was home coming for this Maharashtrian banker who had hardly stayed in his native state for most of his life. Rajeev Chalisgaonkar, who took charge of Standard Chartered Bank's SME banking operations in India and South Asia last month, spent his early life in Madhya Pradesh where his father worked for the state government.

BS People: Rajeev Chalisgaonkar

The rupee today declined by 18 paise to close at 52.20/21 against the US dollar on sustained demand from importers for the US currency amid signs of continued capital outflows.

Rupee down by 18 paise against dollar

Press Trust of India

Sonjoy Chatterjee enjoys playing drums for rock music, but he may have to give his favourite pastime a break, for some time at least. The 42-year-old ace banker has just been named the India chairman of global investment banking major Goldman Sachs, which has become yet another overseas bank to sign up a local rainmaker to drive its fortunes in India.

BS People: Sonjoy Chatterjee

Valuations look attractive despite global and macro-economic headwinds.

Financials back in favour

Federal bond yields and swaps ended up on Monday, as the relentless rise in crude oil prices raised concerns over the pace of inflation moderation and fueled worries of further monetary tightening in coming months.

Bond yields rise as high oil prices stoke inflation fears

Eleven-year bond yields held near a three-week high on speculation demand for the notes will wane as the government starts debt sales for the new fiscal year in April.

Bond yields hold near 3-week high before new debt sales

It has serious implications, and being relieved midway is not easy.

It's tough being a guarantor

An industry that boomed in Andhra Pradesh through the 1990s sees its survival at stake in the state.

Macros that felled microfinance

The rupee climbed to its highest levels in more than two months on the back of strong domestic shares that helped offset the impact of the euro&rsquo;s loss against the dollar.

Rupee climbs to 2-month high on strong shares

Take exposure to currency options only for speculation; don&rsquo;t link it to any goal.

Not everyone's cup of tea

The rupee advanced to its strongest level in almost three months after global funds added to holdings of Indian assets to benefit from growth in Asia&rsquo;s third-biggest economy.

Rupee advances as global funds add stock holdings  

India&rsquo;s rupee weakened for the first time in seven days on speculation local importers will step up foreign-currency purchases to settle quarter-end bills. The currency retreated from near a three-month high as calls for the Federal Reserve to end purchases of US Treasuries shored up support for the greenback. India&rsquo;s imports grew 13 per cent in January from a year earlier, after declining 11 percent the previous month, according to government data.

Rupee snaps 6-day gain as importers purchase dollars 

India&rsquo;s 11-year bond yields are close to their lowest level this year on speculation of banks buying the notes to comply with a central bank order on debt holdings before the financial year ends this month.

Bond yields near 2011 low as banks meet debt threshold

Customers can meet in the Sapphire conference room, put away their valuables in the Topaz locker room and freshen up in the Opal dressing room. This is not a private banking lounge of a foreign bank, but State Bank of India&rsquo;s (SBI) &lsquo;by invitation&rsquo; 4,000sq ft branch called Kohinoor Banjara, which will cater to Hyderabad&rsquo;s swish set. Minimum opening balance: Rs 1 crore.

Banker to wealthy Indians, too

Nearly a decade ago, Arun Kaul&rsquo;s boss described him as a star. For good reason: Kaul contributed Rs 1 crore a day to PNB&rsquo;s bottom line. &ldquo;He is a future CMD,&rdquo; predicted SS Kohli, then PNB&rsquo;s CMD. That was in the post-dot.com era and Kaul was CEO of PNB Gilts.

Gilt-edged trio

He&rsquo;s a physicist by training, often mistaken for a law graduate, but a banker by profession. Meet Anand Sinha, who will replace Usha Thorat as RBI deputy governor on her retirement in November. Armed with a master&rsquo;s degree in physics from IIT-Delhi, the 59-year-old Sinha has worked across the departments of foreign exchange, banking operations, and supervision, among others, over his three-and-a-half decades with RBI.

BS People: Anand Sinha

Declines 0.3% to 54.18 a dollar, the biggest drop since March 1

Cyprus concern: Rupee  falls most in two weeks

Agencies

Says RBI will address liquidity concerns on Tuesday

Liquidity deficit up: FM

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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