Page 1358 - Finance News
Weak rupee takes its toll on Gujarat paper mills, cost of imported raw material up
Gujarat has about 90 paper mills. Of these 23 mills are located in the Saurashtra area - mainly in Morbi - while Vapi is the biggest centre for paper mills in the state
 "Weak rupee takes its toll on Gujarat paper mills, cost of imported raw material up")
NRI remittances up 12% on rupee fall: UAE Exchange
Inflows from remittances may touch $73 bn in 2013
 "NRI remittances up 12% on rupee fall: UAE Exchange")
G-sec yields rise as rupee weakens against dollar
Uniform price auction switch by RBI inadequate, with further fall expected in the currency and rate cut hopes diminishing
 "G-sec yields rise as rupee weakens against dollar")
Govt appoints top PSU executives
S K Jain has been appointed as the chairman and managing director of Syndicate Bank
 "Govt appoints top PSU executives")
RBI discusses ways with oil cos to manage dollar demand
The RBI and oil firms discussed measures to control volatility and high fluctuations in the exchange rate but failed to arrive at any decision
Yes Bank lawyers oppose amendments to petition by Madhu Kapur
Last week Madhu Kapur had sought leave to amend the petition, following the bank's decision not to appoint Gogia -- daughter of Madhu and her late husband
 "Yes Bank lawyers oppose amendments to petition by Madhu Kapur")
Unions oppose entry of new banks
RBI has received 26 applications for new banking licences; expected to issue new licences in 2014
 "Unions oppose entry of new banks")
Every Re 1 dip against dollar impacts by Rs 125-130 cr: SAIL
Rupee has seen unabated fall against the US dollar. Its value has gone down by almost 12% since the start of May
 "Every Re 1 dip against dollar impacts by Rs 125-130 cr: SAIL")
Uniform price auction unable to check yields
Bond yields continues to harden as rupee weakness dashes rate cut hope
 "Uniform price auction unable to check yields")
Rupee seen strengthening; yields expected to fall
The yield on 10-year benchmark bond 7.16% 2023 ended at 7.45% on Friday compared with previous close of 7.56%
 "Rupee seen strengthening; yields expected to fall")
Never dip into retirement funds for other needs
If you fall short of money to fund your child's higher education or marriage, use amounts earmarked for other goals of lesser priority
 "Never dip into retirement funds for other needs")
Rupee recovery will help RBI cut lending rates, says Rangarajan
Says IIP needs a fresh look with new weight to be attached to various commodities
 "Rupee recovery will help RBI cut lending rates, says Rangarajan")
Rupee worst among Asian currencies in Q1; plunges 8.6%
Rupee is the second worst performer among the BRICS currencies after the South African rand
 "Rupee worst among Asian currencies in Q1; plunges 8.6%")
CAD to narrow in FY14, financing it is a concern: Analysts
Although rupee is depreciating, lower prices of gold and crude would help reduce CAD, identified by the Reserve Bank as a key risk for the country
 "CAD to narrow in FY14, financing it is a concern: Analysts")
Don't fret. Tackle the rupee fall
Students going abroad could look at options like paying tuition fee in one go, as you can get discounts
 "Don't fret. Tackle the rupee fall")
The 'perverse' effect on the rupee
The rupee-dollar relationship is expected to be equally volatile with unclear directional trends in July
 "The 'perverse' effect on the rupee")
Losses on diesel, LPG sale mount due to weak rupee
With the rupee dipping to 60 against US dollar, losses on diesel sales have widened to Rs 9.67 per litre
Rupee slide worries academia; foreign titles may be axed
Costly foreign books and journals raise concerns of libraries as rupee drops to life-low against dollar
 "Rupee slide worries academia; foreign titles may be axed")
Back to steady depreciation
The rupee's misunderstood fall is far from over despite some near-term respite
 "Back to steady depreciation")