To rescue the rupee, RBI freed interest rates on FCNR deposits last month. It allowed banks to offer 400 bps for deposits with maturities between 3 years and 5 years
RBI could step up intervention if Fed signals sharp tapering
Interview with Deputy Chairman, Planning Commission
Food inflation in Aug at 3-year high; RBI unlikely to ease rates at review later this week, say economists
To join company as consultant, will guide it for its planned entry in banking sector
Yet, it closed stronger against US dollar over Friday's level
Investors attracted to better post-tax yields, superior credit quality, say observers
However, they are barred from carrying Indian currency beyond SHA in India
RBI could consider revoking liquidity tightening if Fed defers taper as high rates haven't helped currency volatility
Inflation rose to 6.1% in August pushed by food prices
Check credit quality of the company before investing
Borrowings by top 17 construction and infra firms have jumped over five times since 2008 and now exceed their revenues
The bank has been strengthening the ATM delivery channel by adding more from time to time
Investors expect US Federal Reserve to pull back $10 billion out of its monthly bond purchase programme
The rupee settled at 63.48 against the dollar on Friday, gaining for the second consecutive week
It can be noted that the rupee has lost close to quarter of its value since the beginning of this fiscal
Its foreign offices have paid an additional Rs 192 crore in tax during period
Global markets tracking whether Federal Open Market Committee would reduce monthly purchases of treasuries