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PSUS FOREX INFLOWS
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
RBI policy press conference: Here's everything that came up for discussionThe Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies ...
CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisisConfederation of Indian Industry praises government and RBI for swift actions amid West Asia conflict. CII proposes a detailed plan to supp...
Banks to see muted growth and margin trends, asset quality pressure going into Q3: Param SubramanianGrowth in loans and deposits across Indian banks has slowed down due to tight liquidity and significant FII outflows. This is affecting the...
Good time to consider duration bonds: Sudhakar Shanbag, Kotak Mahindra Old Mutual Life Insurance"From a domestic economy perspective, we seem to be in a good position to handle external volatility based on the position of CAD."
Oil PSUs like IOC and others buying some US dollar requirements from SBIIndian Oil Corp (IOC) and other state oil firms are buying some dollars from State Bank of India, outside the special window created by RBI.
Markets see rupee gaining this week on NRI inflowsThe rupee fell to an intra-day historic low of 62.03 on Friday after RBI on August 14 announced more steps to restrict forex outflows and g...
Steps to arrest rupee slide on anvil, announcement likely soonGovernment is likely to raise duties on non-essential goods and relax norms for overseas fund raising by corporates, to stabilise the rupee.
State-owned companies seek easier ECB norms to raise overseas fundsState-owned cos have approached Finance Ministry seeking relaxation in ECB norms so that they can easily raise debt from overseas markets.
Forex loans that are not hedged will bite companies due to rupee fallThe biggest challenge before chief financial officers in 2013-14 would be to manage this forex exposure and insulate financials as much as ...
Did RBI goof up on the dollar?The sharp slide in the rupee could have been tempered if RBI had supplied dollar to market & kept bulk demand from oil cos & PSUs off marke...
- Liquidity situation to ease in a month: Rangarajan
The Prime Minister's economic advisory panel today said the current shortage of money supply because of the festive season and public offer...
- Politico-Economic context of Budget'08
Budget 2008 will be the fifth and final Budget of the UPA government.
- Rupee depreciates slightly in morning deals
The rupee depreciated slightly against the dollar in lacklustre activity during morning trading due to some dollar buying.
- Rupee turns sharply weak vs dollar
Everytime when there is a rise in world crude oil prices, Indian oil companies have to pay more in dollar to import this commodity dealers ...
- Rupee ends higher at 45.92
The rupee on Tuesday not only recovered early losses, but even ended higher against the US currency at Rs 45.92.93 per dollar.