MONEY & BANKING
FOREX
Forex reserves rise $2.8 b
Mumbai, Jan. 4 After subsequently falling for two weeks, the country’s forex reserves increased by $2.837 billion at $275.559 billion for the week ended December 28, 2007, following the Reserve Bank of India’s intervention in the ...
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Rupee surges on dollar selling
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RBI & OTHER CENTRAL BANKS
Rs 30,000-cr hole in currency valuation account
Chennai, Jan 4 An RBI press release on December 31, without deviating a single inch from the truth, managed to leave many people with the impression that the days of huge valuation losses on forex are now behind us. “Reflecting ...
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INTEREST RATES
Chidambaram for lower rate regime
Public sector banks asked to encourage investment as well as consumption
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GOVT BONDS
Call for softer rates boosts bonds
Bond prices rose after the Finance Minister, Mr P. Chidambaram, said he would like both deposit and lending rates to come down by around 0.5 percentage points. The market has interpreted this as a signal to banks that they must reduce interest ...
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SHORT TERM INSTRUMENTS
Call rates end lower
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OVERSEAS INVESTMENTS
GIC to open branch in London
Bets on foreign portfolio for growth
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RIGHTS ISSUE
SBI rights issue date, share ratio soon
State Bank of India, the country’s largest commercial bank, will finalise by mid-January the date and the share entitlement ratio for its planned rights issue, its Chairman, Mr O.P. Bhatt, has said.SBI is looking to mobilise about ...
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Dhanalakshmi Bank meet on rights
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PEOPLE
GM for Karnataka Bank
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