The Hindu Business Line : Monday, January 06, 2003

`Payments' behind forex reserves surge
THE country's foreign exchange reserves have surged by a record $16.18 billion so far during 2002-03 (April-March), with total reserves at $70.29 billion as on December 27. The fiscal is likely to close with reserves crossing $75 billion, marking ... More

FINANCIAL MARKETS

Strategies for uncertain times
Central banks would be using unconventional strategies in uncertain times. These may include monetising Government borrowings, changing inflation target to price target, managing debt defaults and pushing bitter pill pension reforms. More

PUBLIC SECTOR BANKS

Canara Bank to raise Rs 400 cr by March
CANARA Bank plans to raise Rs 400 crore (including a greenshoe option of Rs 100 crore) of Tier-II capital, before the end of this financial year. This has been necessitated by the buoyancy in advances — incremental advances in the year ... More

GOVT BONDS

High-coupon securities go scarce; prices up
Traders are chasing some of the high-coupon securities at the long-end of the yield curve in a bid to book current yields. With no sellers and most banks shifting high-coupon securities into the held to maturity category, prices have shot up. More

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