Page 1353 - Finance News
Rupee down 17 paise at 59.84/dollar in early trade
Bonds fall ahead of government bond sale
 "Rupee down 17 paise at 59.84/dollar in early trade")
PSBs could lose some good talent to new banks
The biggest exodus might be seen at middle and lower levels, due to better remuneration and career prospects
 "PSBs could lose some good talent to new banks")
RBI, government's steps fail to stop rupee fall
The partially convertible rupee ended weaker at 59.68 a dollar, against its previous close of 59.35
 "RBI, government's steps fail to stop rupee fall")
Forex intervention only to curb volatility, says Subbarao
RBI governor says providing guidance on monetary policy poses challenges
 "Forex intervention only to curb volatility, says Subbarao")
Central bank turns cautious on monetary tightening
Rejects bids quoting higher yields for bond sale, doesn't want rates to zoom
 "Central bank turns cautious on monetary tightening")
RBI steps to check rupee slide may backfire, hurt growth: Experts
Bank of America Merrill Lynch said the measures would push back softening of interest rate
Hit by weak rupee, cos to raise computer prices by 10%: MAIT
As the industry is import driven, companies are paying more in rupee terms for procuring raw material, which is eating into their margins
 "Hit by weak rupee, cos to raise computer prices by 10%: MAIT")
Are RBI's measures to save the rupee enough?
Measures will widen gap between US and Indian bond yields, but won't defend the rupee for long
 "Are RBI's measures to save the rupee enough?")
RBI step doesn't signal monetary tightening: Raghuram Rajan
RBI opened a three-day repo borrowing window for mutual funds for the first time after the meltdown of 2008-09
 "RBI step doesn't signal monetary tightening: Raghuram Rajan")
Rupee down 40 paise against dollar in early trade
The rupee has been weighed down by the US dollar's gains against other currencies
RBI intervenes in FX mkts to smooth volatility
Subbarao also said credible fiscal consolidation is a pre-condition for stabilising inflation
 "RBI intervenes in FX mkts to smooth volatility")
SBI says no liquidity squeeze so far on RBI moves
SBI not impacted much by the recent liquidity tightening measures taken by RBI to curb rupee volatility
 "SBI says no liquidity squeeze so far on RBI moves")
PSU Divestment: Chidambaram has enough reasons to be worried
Reports suggest FIIs are not keen on investing in upcoming divestment issues
 "PSU Divestment: Chidambaram has enough reasons to be worried")
RBI opens window for MFs
Special Rs 25,000-crore three-day repo facility after Rs 50,000-crore redemption on Tuesday
 "RBI opens window for MFs")
Banks, corporates rush to withdraw from MFs
With redemptions requests of over Rs 50,000 cr on Tuesday, RBI opens special repo window for next 3 days at a special rate of 10.25% of Rs 25,000 cr
 "Banks, corporates rush to withdraw from MFs")
RBI cancels T-bill auctions due to liquidity crunch
RBI accepted bids worth Rs 75,000 cr under the repo auction of the LAF, against bids received for Rs 1,41,970 cr
New banks might queer the pitch for state -owned ones
With new private banks in play, going will likely become even more difficult for old-school state-run banks
 "New banks might queer the pitch for state -owned ones")
Deutsche Bank's Jain bullish on $
We are very constructive on the US dollar for very fundamental reasons: Jain
Ordinance to empower Sebi cleared
Regulator to keep an eye on certain unregistered NBFCs, can directly go for search & seizure, ask for call records of those being probed
 "Ordinance to empower Sebi cleared")
IDBI Bank to draw up 5-year business road map
Bank has a lot of ground to cover in priority-sector lending
 "IDBI Bank to draw up 5-year business road map")