Page 79 - Finance News Analysis

Rupee surges 21 paise to end at 65.21 on falling crude prices

Falling crude oil prices helped the rupee tide over trade deficit scare that ballooned to 3-year high of $14 billion due to twin impact of rising oil imports and falling exports

Throwing good money after bad

Lending to distressed firms that have little or no ability to repay the loans does not make sense

RBI remains net buyer of dollar in Sept, snaps up $1.3 bn from spot market

RBI intervenes in the foreign market to contain volatility in the rupee and not set a price band

Technology yet to catch up with human touch on banking

Use of technology in corporate loans is limited and bankers are getting trained on new skill sets to use them in corporate banking

Rupee may be at Rs 66/USD in Dec as RBI tries to recoup forex reserves

The RBI will likely continue to follow an asymmetrical forex policy of recouping forex reserves: BofA-ML

Over 860 fresh FPIs registered with Sebi in April-August period of FY18

This comes on top of close to 3,500 new foreign portfolio investors (FPIs) registering with Sebi in the past financial year

FPIs pump $3 bn into Indian capital markets in October

Interestingly, most of the funds have been infused in the debt markets

How the bank recap will play out

Govt's plan will have little impact on its target to shrink the shortfall to 3.2% GDP in the year through March 2018

Rupee rebounds 18 paise to end at one-week high against US dollar

The rupee opened on a weak note at 65.14 against Tuesday's close of 65.07 at the Interbank Foreign Exchange market

Rupee slips to 1-week low, down 5 paise on firm dollar demand

However, better macro conditions as well as higher local stocks cushioned the impact

US Treasury closely monitoring India's policies, forex

India is one of the 13 largest trading partners of the United States, and as of June 2017, ran a trade surplus of $23 billion with the US

India's forex reserves rise $1.5 bn, reclaim $400 bn mark

India's Forex reserves comprise of foreign currency assets, gold reserves, special drawing rights and the RBI's position with IMF

RBI refuses to share details on Clean India mission logo on new notes

Indian bank notes contain design elements such as guilloche, flora pattern, motifs and security features, says RBI

Forex reserves drop by $862 mn to $398 bn: RBI data

FCAs decreased by $1.391 billion to $373.795 billion: Data

Forex reserves dip by $2.59 bn to $399.66 bn: RBI data

Due to decline in foreign currency assets

India's forex reserves up by $1,782.5 million

India's reserve position with the International Monetary Fund fell by $11 million to $2.2 billion

Rupee recovers from 6-month low, ends 2 paise higher amid global volatility

Rupee nosedived to hit fresh six-month low of 65.16 per dollar in mid-morning trade on hardening speculation of widening fiscal deficit

Use part of forex reserves to spur growth: Deutsche Bank to govt

According to the global financial services major, forex reserves could be used for funding growth-critical public infrastructure projects and the macro backdrop is also suitable for this

India's external debt down 3% to $472 bn in FY17

The external debt-GDP ratio fell to 20.2 per cent at the end of March 2017

India's forex reserves cross $400 billion

Gold's value in the total reserves was about $20.7 billion, while SDRs of the IMF stood at $1.5 billion