Cost of raising funds via dollar bonds almost equal to domestic cost of fund-raising; rupee hits fresh closing low of 53.22 a dollfar.

India Inc grapples with rising hedging costs

Business Standard

State Bank of India (SBI), the country's largest lender, today expressed hope it would get capital infusion of Rs 3,000-Rs 4,000 crore from the government this fiscal.

SBI expects Rs 3,000-4,000 cr capital infusion

Press Trust of India

Yields below cut-off at which traders sold bonds to RBI in open market operations.

Bond yields fall 50 bps in a month banks miss the bus

The Reserve Bank of India (RBI) is likely to signal a shift in policy stance &mdash; from bringing down inflation expectations to improving growth expectations. On the domestic front, food inflation dropped to 6.6 per cent, the lowest in nearly three and a half years in late November.

Shift in policy stance likely

National investment and manufacturing zones under the new manufacturing policy would create more jobs and help de-risk unemployment, Reserve Bank of India Deputy Governor, Subir Gokarn, has said. He was speaking at the Confederation of Indian Industry's Manufacturing Summit here on Wednesday.

'Manufacturing zones to create more jobs'

Growth in bank deposits continued to outpace the credit disbursal tempo in December, reflecting the economic slowdown and the moderation in demand for loans.

Deposit growth stays ahead of credit expansion

Despite headline inflation falling to its lowest level in 12 months, owing to a contraction in factory output, economists said the central bank would not resort to a cut in the cash reserve ratio (CRR) when it meets to review the policy on Friday, but would opt for open market operations (OMOs) to tide over the liquidity crunch.

RBI likely to prefer open mkt operations over CRR cut

Mumbai&rsquo;s residential societies that have not been able to ink redevelopment deals with builders could now turn to banks for assistance. Banks are willing to finance entire redevelopment projects undertaken by residential societies.

Banks set to fund society redevelopment projects

The sharp depreciation in the rupee is due to structural changes, and the currency will stay there for some time.

Rupee fall: OMCs may be hit the hardest

With inflation at uncomfortable levels, the Reserve Bank of India (RBI) is unlikely to opt for a rate cut in Friday&rsquo;s mid-quarter monetary policy review, growth slippage notwithstanding, State Bank of India (SBI) Chairman, Pratip Chaudhuri, said today.

Immediate RBI rate cut unlikely: SBI chief 

Spanish banks&rsquo; borrowings from the European Central Bank increased by the most in more than a year in November as Europe&rsquo;s debt crisis limited other sources of financing.

Spanish banks' ECB borrowings on the rise 

The food inflation falling to a three-year low of 6.60 per cent for the week ended November 26 may prompt the Reserve Bank of India (RBI) to look at core inflation to take a call on rates cut in coming months &mdash; after pressing a pause button at its December 16 policy to perk up slowing growth momentum, economists expect.

RBI may later look at core inflation to reverse stance

The rupee continued its free fall against the dollar on Wednesday, tracking the euro which fell close to a one-year low in overnight trade. And, there is no respite in sight, as experts say the rupee&rsquo;s weakness is accentuating in the absence of clear signals from the government and the central bank on safeguarding the currency.

Rupee free fall continues, worst not over yet

Reliance Group says it&rsquo;s not party to proceedings in London, matter closed with Indian regulators through consent order.

Bankers tried to create illegal investment arm for Anil: FSA

The sharp fall in the rupee since June 30 is expected to increase the repayment costs of foreign currency convertible bonds (FCCBs) by Rs 4,145 crore for 35 companies that are facing redemption in eight months.

Rs 4,000-cr additional burden for 35 companies

Amid declining growth and moderating inflation, the Reserve Bank of India (RBI) is likely to pause hike in interest rate at the mid-quarterly review of the monetary policy tomorrow.

RBI likely to pause hike in interest rate

The rupee slipped to below 54 for the first time in its history in early trade today against dollar, but staged a smart recovery, possibly on RBI's intervention, to settle seven paise higher at 53.64/65 after a highly volatile trade.

Rupee slides below 54, recovers to snap losing streak

The Reserve Bank of India (RBI) today swung into action to check slide in rupee value against dollar and speculations by imposing restrictions with immediate effect on forward trading in the local currency by foreign institutional investors (FIIs) and traders, and capped banks exposure to the forex market.

RBI steps in to check rupee slide

First credit default swap deal struck on &lsquo;AAA&rsquo; rated bonds.

Top rated bonds to help CDS gain ground in India

The growth in education loan disbursals has slowed, owing to the high base effect and few students opting for foreign education, said bankers.

Education loan growth slows, rupee fall may add to woes

The rupee&rsquo;s recent fall is likely to support the profits of about 70 per cent of the companies rated by rating agency Standard &amp; Poor&rsquo;s (S&amp;P).

S&P: Exporters to benefit from rupee's decline

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