Page 92 - Finance News Analysis
Rupee falls on RBI chief's exit; stocks, bonds rise
Arun Jaitley reassured investors about ministry's selection process for a new governor and govt's commitment to monetary policy reforms undertaken by Rajan
 "Rupee falls on RBI chief's exit; stocks, bonds rise")
Rupee opens weaker, bond yields tighten on Rajan's exit news
Currency opens 54 paise lower at 67.68 against Friday's close; government bond yields was trading at 7.53%
 "Rupee opens weaker, bond yields tighten on Rajan's exit news")
Analjit Singh redux: Is education the next stop?
As to what next is high on the agenda for the 62-year-old Singh, he has preferred to keep close to his chest
Forex reserves down by $231 mn to $363.23 bn
FCAs decreased by $243 million to $338.979 billion in the reporting week, RBI data showed
 "Forex reserves down by $231 mn to $363.23 bn")
Rupee gains 8 paise to 67.19 in early trade
The domestic currency appreciated on fresh selling of dollar by exporters
 "Rupee gains 8 paise to 67.19 in early trade")
Rupee hits 67-mark, tanks 24 paise vs dollar in early trade
The dollar was firm against some global currencies which also weighed on the rupee, dealers said
 "Rupee hits 67-mark, tanks 24 paise vs dollar in early trade")
RBI's forex reserves hit record high at $364 bn in week to June 3
The central bank estimates an outflow of $20 billion due to the deposits maturing during that period
Rupee slips 16 paise against dollar in early trade
Dealers attributed the rupee's fall to increased demand for the dollar
 "Rupee slips 16 paise against dollar in early trade")
Rupee extend gains, up 6 paise against dollar in early trade
Sustained selling of the American currency by banks and exporters helped the rupee
 "Rupee extend gains, up 6 paise against dollar in early trade")
FCNR-related dollar shortage may push rupee to record lows
$20 bn of FCNR (B) deposits that banks had raised in 2013 will come up for maturity in September
 "FCNR-related dollar shortage may push rupee to record lows")
Rupee firms up 12 paise to 4-week high of 66.65
Weakness in dollar in the overseas market boosted the rupee value
Scope to cut rates if inflation heads to 5%: Raghuram Rajan
In an interview with a news channel, the RBI Governor called the current repo rate of 6.5% 'appropriate'
 "Scope to cut rates if inflation heads to 5%: Raghuram Rajan")
Rupee opens 3 paise higher against dollar at 66.74
A weakening dollar against some currencies overseas and a higher opening in domestic equities kept the rupee rising
Inflation risks force RBI to keep rates on hold
Rajan warns of potential dollar shortage in Sept but prepared to provide liquidity
 "Inflation risks force RBI to keep rates on hold")
On our ability to act, there should be no question: Raghuram Rajan
Interview with RBI Governor
Banks' balance sheet cleaning among central bank's priorities
The issue is part of an unfinished agenda, beside moving inflation to a comforting level
 "Banks' balance sheet cleaning among central bank's priorities")
RBI to review MCLR Regime
Bankers admit cost of funds has come down by 50-60 bps but transmission hasn't been more than 20-30 bps
 "RBI to review MCLR Regime")
Regulator has enough firepower to manage FCNR (B) deposit outflows, says Rajan
Outflows pegged at $20 billion
 "Regulator has enough firepower to manage FCNR (B) deposit outflows, says Rajan")
 "Rupee hits new 3-week high, jumps 20p to 66.78")
Liquidity support remains the key positive: Siddhartha Sanyal
Apart from underscoring an accommodative policy stance, RBI also clearly reaffirmed its continued commitment to cater to the banking system's liquidity needs
 "Liquidity support remains the key positive: Siddhartha Sanyal")
