Page 3259 - Finance News

Short-term rates back to double digits on tight liquidity

Irda bans products with highest NAV guaranteed

Rupee ends at record closing low of 53.9750

Currency comes very close to falling below key 54-level, ends not far from record low of 54.30 hit mid-December

JPMorgan says CIO Ina Drew to retire, Matt Zames to take over

Moody's downgrades LIC, three banks

Ratings of Axis, ICICI & HDFC Bank cut due to significant direct exposure to government securities

IFC to take equity stake in Dakshin for $75 mn

CFOs see forex rate volatility as biggest threat to growth: Survey

Subbarao overruled contrary advice on rate cut

Consensus among members at April policy meet that rupee be allowed to depreciate

IDFC targets 20% credit growth in FY13

Rupee at new low, RBI steps in to keep it below 54/$

Closes at 53.96 a dollar just three trading days after Wednesday?s previous record low of 53.83 dealers see 54 level breached soon

Deutsche Bank investors shouldn't support board, says shareholder advisor

Future Generali Life shuts 55 branches, cuts staff by a third

Rupee up 10 paise against dollar after touching 54-level

Intraday rupee firms further

What more can India do to support the rupee?

Forex reserves can now pay for just six months of imports, limiting the RBI's ammunition to defend the currency

Oriental Bank slashes lending rates by up to 1.5%

Bank also announces benefit of 0.25% on the card rate for existing customers with satisfactory track record

1,576 Punjab villages become banked in FY12

RBI intervenes again, saves the rupee from falling to all-time low

May have sold $500 mn after currency breached 54/$

Record rabi in Haryana 'can boost' banking

Odisha slams banks for low CD ratio

T-Bills a hit despite heavy issuances, tight liquidity