Page 1351 - Finance News

Rupee bounces back in late morning trade; up 21 paise at 58.92/dollar

Banks and exporters preferred to reduce their dollar position in view of weakness of dollar in the international market

Government bond yields rise

Borrowings on Wednesday were Rs 28,835 cr, compared with Rs 48,925 cr on Tuesday

T-Bill auction: RBI prefers short-term rates to stay high

91-day T-bills were at a high and the cut-off rates for 364-day T-bills were at an almost-13-year high

Forward premia up; hedging, borrowing costs rise

The rise was after the Reserve Bank of India took further steps to tighten liquidity

RBI's shock therapy: Expect more tightening if short-term rates ease

Exit from tightening mode pose dilemma

New Silk Route goes slow on fresh investments

Fund to focus on existing investments, pursue new investments 'selectively'

Bank credit grows 14.2%, deposits rise 13.7%

Deposit growth continues to be sluggish even if banks have largely left interest rates on retail deposits untouched

FM meets bankers to review Rs 31,000-cr stalled projects

Projects include steel and power projects, road projects in the eastern states of West Bengal, Bihar, Jharkhand and Orissa

Hike rates but don't choke liquidity, SBI chief to RBI

The banking regulator has announced a slew of measures in past few days to curb liquidity, address foreign exchange rate volatility

OBC hikes fixed deposit rates by up to 0.75%

The bank raised interest rate on domestic term deposits maturing between 91-179 days to 8.50% from 7.75% up 0.75%

RBI steps unlikely to harden lending rates: SBI chairman

SBI has received around Rs 5,000-6,000 crore in last few days as redemption proceeds of liquid mutual funds

Stability of rupee expected to sustain

Observers say this is likely if RBI keeps key policy rates unchanged

Bond yields, short-term rates set to rise as RBI tightens liquidity further

LAF by each individual bank will be capped at 0.5% of its own NDTL outstanding as on last Friday of second preceding fortnight

FII sell-off in debt market halves

For flows to return, Rs must stabilise and forward premium or hedging costs should fall

RBI clamps down on easy money, again

Overnight rates may hit double digits; bond yields to spike

MFs brace for more outflows from debt schemes

While yields on long-term securities would rise, the advance is likely to be moderate compared to that for short-term papers

Bank licence: KM Birla quits RBI board

Move follows controversy over conflict of interest

RBI relaxes KYC norms for banks on data updation

RBI has asked banks to exercise full KYC procedure at least every two years for high risk individuals and entities

RBI squeezes liquidity further

Overnight rates may hit double digit; Bond yields to spike

Rupee trims some early gains; up 8 paise at 59.64/dollar

It failed to maintain initial gains and was trading at 59.64 per dollar at 1050hrs