The Hindu Business Line : Saturday, August 19, 2006

FOREX
Forex reserves decline $700 m
Forex reserves have declined by $701 million due to a decrease in foreign currency assets. According to the Reserve Bank of India's Weekly Statistical Supplement, the reserves fell by $701 million to touch $165.094 billion for the week ended ... More

Rupee tad weaker
The rupee weakened marginally against the US dollar on Friday on the back of demand for dollars from importers. The currency opened at 46.50 and touched an intra-day high of 46.44, to finally close at 46.46/47, lower than ... More

HOUSING FINANCE
Dewan Housing opens Dubai office
Dewan Housing Finance Corporation Ltd said it has opened its first representative office in Dubai. This office will provide housing loans and advisory services to NRIs based in the United Arab Emirates. The services will ... More

DEBT MARKET
G-Sec auctions fully subscribed
The auctions of the 8.07 per cent 10-year 2017 Government security and the 8.33 per cent 30-year 2036 G-Sec were fully subscribed. In the case of the 8.07 per cent G-Sec, the notified amount was Rs 5,000 crore. The RBI received 314 competitive ... More

PRIVATE BANKS
IndusInd ties up with two Gulf banks
Aggressive retail initiative to woo NRIs More

ICICI Bank offers $340-m bond issue at 7.25 pc
Offer receives $3.6 b order book, subscribed 10 times More

GOVT BONDS
Profit-booking drags bonds down
Bond prices were volatile but ended lower on Friday due to profit-booking. The volume was high at Rs 5,990 crore on the order-matching system. Dealers said a correction was expected since the prices had rallied in the lead-up ... More

CREDIT MARKET
Gross bank credit up Rs 11,833 cr
Gross bank credit increased by Rs 11,833 crore and stood at Rs 15,61,418 crore for the fortnight ended August 4, according to the Reserve Bank of India's Weekly Statistical Supplement. The gross bank credit was inclusive of food credit, ... More

SHORT TERM INSTRUMENTS
Call rates unchanged at 6-6.10 pc
Call rates remained unchanged between 6 per cent and 6.10 per cent. In the first three-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 20 bids amounting to Rs 13,035 crore, and in the second ... More

FIXED DEPOSITS
SBI hikes term deposit rates by 25-50 basis points
Second increase in deposit rates this fiscal More