The Hindu Business Line : Wednesday, July 01, 2009

MONEY & BANKING

GENERAL INSURANCE: Consumers may get a say in mediclaim settlements
TPA panel proposes new body to speed up process. Kolkata, June 30 Consumer representatives may get a say in claims settlement for mediclaim policies if the recommendations of the Third Party Administrator Committee are accepted by the ...

TECHNICAL ANALYSIS: Temporary pull-back in rupee
The rupee has been climbing higher against the greenback since the June 23 trough of 49. Subdued trend in the dollar on waning risk-aversion and strength in equity market were the primary factors that lent support to the Indian ...

FINANCIAL MARKETS: Asset price inflation trumps consumer price index
At its meeting last week, the Federal Open Market Committee (FOMC), which is charged with the conduct of the US monetary policy, expectedly left interest rates where ...

FOREX: Forex reserves dip $57.7 b in ’08-09
The country’s foreign exchange reserves fell by $57.738 billion in 2008-09, as against an increase of $110.544 billion in 2007-08. Of the total decrease in foreign exchange reserves in 2008-09, around 65.2 per cent of the decline was ...

FOREX: Rupee a tad higher in volatile trade
The rupee was in selling mode tracking the Sensex, which closed lower by about 290 points. But some dollar inflows saw the rupee gaining by about 20 paise. The rupee’s movement during day-trade was quite volatile, said a forex dealer with ...

SHORT TERM INSTRUMENTS: Call rate ends higher
The inter-bank call rate closed higher at 3.25-3.30 per cent, same as the previous day’s close. Under the liquidity adjustment facility (LAF), there were no bids in the two-day repo auction. In the reverse repo auction, the Reserve Bank ...

CREDIT MARKET: External debt increases due to rise in trade credits
Mumbai, June 30 India’s external debt increased by $5.3 billion in FY2009 to $229.9 billion from $224.6 billion, due to increase in trade ...

FOREIGN BANKS: Citi Bank launches mobile payment pilot in Bangalore
Bangalore, June 30 Citi Bank launched its pilot project for payment solutions based on a technology developed by mobile handset ...

HOUSING FINANCE: LIC Housing Finance cuts lending rates by 50 bps
Mumbai, June 30 LIC Housing Finance has cut lending rates by 50 basis points for its existing customers with effect from ...

PUBLIC SECTOR BANKS: SBH cuts BPLR by 50 bps
...

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Markets (June 30)

Nifty (at close)	4,291.35(-99.65)
US Dollar (Buy/Sell)	47.90/91
Brent crude (a bbl) Rs	3,379
Gold (a gram) Rs	1,369
Silver (a kg) Rs	23,700

Cross Currency Rates

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