Page 1325 - Finance News
Fabric prices rise on weaker rupee
Since April, prices of raw materials needed to spin yarn have risen 17-18%
 "Fabric prices rise on weaker rupee")
FTAs must cover services sector: GOI
This was necessary as a large importance was being given to the domestic market and exports have been taking a back seat
FIPB clears Muthoot Finance white label ATMs
Company has already received in principle nod from Reserve Bank of India
 "FIPB clears Muthoot Finance white label ATMs")
Rupee strengthens at 66.12/$ on dollar sale, RBI measures
This is second consecutive day when rupee strengthened against greenback
 "Rupee strengthens at 66.12/$ on dollar sale, RBI measures")
Rising dollar creates fuel cost worries for shipping companies
Shipping Corporation of India for first time has decided in its board meeting to go for partial bunker hedging
 "Rising dollar creates fuel cost worries for shipping companies")
'Moody's rating downgrade not to affect fund-raising ability of affected banks'
Moody's downgraded the subordinate debt of 11 Indian banks
 "'Moody's rating downgrade not to affect fund-raising ability of affected banks'")
Rupee's slide can be a sign of new revolution for India
Mithil Shah, a MBA student in UK, tries to give us a positive of the rupee's fall for India
 "Rupee's slide can be a sign of new revolution for India")
Banks could raise up to $10 billion from Indians abroad: analysts
RBI's move removes currency risk away from banks or citizens abroad
Rajan hits the ground running
Bimal jalan to head panel on new bank licences; Branch licensing for domestic banks freed; Inflation-savings certificates based on consumer price index; RBI to gradually reduce banks' G-sec investment
 "Rajan hits the ground running")
Co-op banks to short-sell govt bonds on intra-day basis
Central bank lays down three conditions for urban co-operative banks to undertake these transactions
 "Co-op banks to short-sell govt bonds on intra-day basis")
Action aplenty at RBI head office
Electronic media persons were lined up since 9 am to welcome Rajan
 "Action aplenty at RBI head office")
Capital outflow curbs partially eased
According to the central bank companies raising ECBs will be allowed to invest up to 400% of their net worth abroad
Rupee to gain as Rajan comforts market sentiment
The currency may strengthen on Thursday, outlook seems positive
 "Rupee to gain as Rajan comforts market sentiment")
Banks to rework home loan math
After RBI's missive on proxy lending to builders, it's time to reshuffle
 "Banks to rework home loan math")
RBI validates e-KYC through Aadhaar
This may reduce the risk of identity fraud and document forgery, paving the way for a paperless way of fulfilling KYC norms
 "RBI validates e-KYC through Aadhaar")
D-Street may cheer Rajan's pep talk
Rajan's speech as central bank chief has heightened hopes of more aggressive steps to control rupee, clean-up mess in banking system
 "D-Street may cheer Rajan's pep talk")
StanChart IDRs gain 20% this year on weak rupee
Dollar's gains against the rupee open arbitrage window; experts advise against deciding only on the basis of currency trend
 "StanChart IDRs gain 20% this year on weak rupee")
RBI to offer banks window to swap fresh FCNR(B) deposits
According to RBI the scheme will be open up to November 30
 "RBI to offer banks window to swap fresh FCNR(B) deposits")
Advance tax payments may add to liquidity woes
With new boss in charge, RBI may unwind some of the liquidity squeeze steps to ease the pressure
 "Advance tax payments may add to liquidity woes")