Four of the six firms have already secured series-A funding, while the other two are being piloted
RBI has taken a number of measures to boost liquidity
A higher opening in the equity market has supported the rupee
The money offered would be based on prices of the base rate which changes every month as per the average of the prev 3 months
Bankers say cut needed to protect net interest margins opinions differ on timing
To stay above sustainable level in FY13
Increase in capital inflows & weakening of the dollar aid currency appreciation
MARKETS-INDIA-RUPEE:Rupee near 5-mth high on risk sentiment, fiscal hopes
Sustained foreign capital inflows coupled with weak dollar overseas bolstered the rupee
Expects to launch operations of the securities broking business during 2013-14 fiscal year