Page 90 - Finance News Analysis

Banks face a growth dilemma

Cash-strapped public sector banks may be unnecessarily waiting for deposits to grow to start lending

Rupee firms up against dollar to close at 66.73

Some dollar selling by banks and exporters on hopes of more foreign capital flows boosted the rupee value

RBI finally shuts the doors on corporate houses' bank licence hopes

The central bank's final guidelines for on-tap licences has upset the plans of many a big name that had drawn up elaborate plans for a bank

Rupee rallies to nearly 2-month high, ends at 66.74

The domestic currency has gained 61 paise or 0.91% since Junly 26

Rupee rules firm for 3rd day, up 10 paise to 67.04

Favourable outcome from Fed meet, positive June quarter earnings and push for GST reforms lifted domestic equity market

Rupee firms up by 13 paise to 67.14

The domestic currency gained 21 paise or 0.31% in last two days

For companies, debt recast still a long shot

Stringent rules on cash flows mean more than half the debt-laden firms will not make the cut for the Reserve Bank of India's S4A scheme

India's import cover improved to 10.9 months in March

This is because of the foreign exchange reserves improved from $350.3 billion to $360.18 billion in between September 2015 and March 2016

Currency dealers say remarkable rupee stability can be misleading

Indian rupee has been trading in and around 67 a dollar level in the last 10 trading sessions

Forex reserves up $1.40 bn to $363.35 bn

Gold reserves remained unchanged at $20.576 billion

Forex reserves down by $1.228 bn to $361.943 bn

Last week, the reserves had surged by $2.374 billion to $363.171 billion

Rupee halts 2-day winning run, drops 16 paise to 67.07

The dollar index was trading lower by 0.12% against a basket of six currencies in the late afternoon trade

Rupee hits 1-month high of 67.05, up 13 paise

The rupee opened higher at 67.10 as against Tuesday's closing level of 67.18 at the Forex market

Rupee eases 3 paise against dollar to 67.16

Scattered demand for the American currency from importers helped the value of the rupee

Rupee ends at over 3-week high of 67.13, up 24 paise

Rupee had last ended at 67.08 a dollar on June 17

Rupee climbs 26 paise against dollar

Exporters and banks stepped up selling of the American currency, helping the rupee

Don't write my obit yet: Rajan

The RBI governor said globally banks tend not to lend to start-ups as these have little to show in terms of collateral when seeking money

Rupee edges up 3 paise against dollar

Fresh selling of the US currency by banks and exporters amid foreign fund inflows helped the rupee

Rupee slumps 8 paise to 67.35

The dollar firmed up against some global currencies, which weighed on the domestic currency

Banking liquidity reaches neutral zone

RBI has honoured its promise of keeping the banking sector liquidity in a no-deficit, no-surplus mode; this should now force banks to cut rates