The Hindu Business Line : Monday, September 16, 2002

Forex markets all about rupee strength!
It will be difficult for the rupee to gain appreciably beyond 48.40 for the time being and as we move into the second half of the financial year, import cover will take precedence and with short-term FCLs maturing for corporates, this should also pro vide some demand for dollars. More

Forex reserves: Use and misuse
IN THE late 1980s, when India's foreign exchange reserves were averaging close to $5.5 billion, a figure reckoned to be relatively comfortable in those days, the Reserve Bank of India decided to park part of the reserves as deposits with Indian ... More

POLICY

Repayment norms for loans, deposits relaxed
THE Finance Ministry has relaxed norms on the mode of repayment of deposits or loans for a host of entities including individuals. Entities having cash credit accounts or bill accounts can now make repayments of their credit facilities in cash ... More

FINANCIAL MARKETS

Grave and gathering danger
Any hostilities this time around would not carry the wide support from the Middle East nations. This also removes the possibility of any contributions or payments from the Gulf nations. More

DEBT MARKET

Fiscal worries dampen bond market
BOND markets remained subdued during the week with yields remaining flat as traders being concerned over the disinvestment delays. Traders said here that the delays in the sell-off of two of the big petroleum majors and Nalco had triggered ... More

PUBLIC SECTOR BANKS

Canara Bank loan adalat

TRADE & LABOUR UNIONS

Bank staff strike on Oct 1
BANKING operations in Delhi, Mumbai, Kolkata and Chennai will be hit on October 1 as bank employees have decided to go on a strike protesting the "unjustified'' closure of the Bank of Tokyo's Kolkata branch in August without serving notice either ... More

TRENDS

`Banks must face challenges thrown by reforms'
THE financial sector reforms in the country has thrown open new challenges in the banking sector in the form of customer orientation and improvement in quality of banking services, Mr G. Gopalakrishna, Regional Director, Reserve Bank of India has ... More

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