Re ends marginally lower at 44.22/$

Business Standard

Re ends lower at 46.71/$

The rupee strengthened today by the most in about three weeks, on speculation that more monetary stimulus in developed economies will boost inflows to higher-yielding emerging markets.Global funds have pumped $8.2 billion into Indian stocks this year and their holdings of the nation's debt rose to a record $33.8 billion on February 21, exchange data show. The rupee advanced 0.6 per cent, the most since January 30, to 53.88 a dollar in Mumbai, according to data compiled by Bloomberg. One-month implied volatility, a gauge of expected moves in the exchange rate used to price options, fell 10 basis points, or 0.10 percentage point, to 9.40 per cent."India has seen inflows largely because of global liquidity," said Paresh Nayar, head of money markets and currency trading at FirstRand Ltd in Mumbai. "The flows are likely to continue for some time, as any withdrawal of stimulus would mean policy makers have utmost confidence in the recovery."Bonds close mixedGovernment securities (G-sec) clos

Rupee gains most in three weeks

Agencies

Union Bank of India and South Indian Bank look cheaper than their peers but there are valid reasons for this. 


Bankable banks?

Re ends lower at 43.89/$

Re ends lower at 44.04/$

The total flow of resources to industry more than doubled in FY05 compared with the previous year from Rs 81,369 crore to Rs 1,66,869 crore, according to the RBI Annual Report. Bank credit to industry

Fund flush

Re ends lower at 46.31/$

RBI has given due importance to corporate governance standards to prevent apparent conflict of interest between ownership and management

On your marks, get set ...

Large firms with good record in corporate governance may score over NBFCs & PSUsThe Reserve Bank of India's (RBI) norms on new bank licences may not have discriminated against any particular category, but its stringent conditions would most likely keep non-serious players out of the fray. Given that financial inclusion should be the core of their strategy, aspirants for new bank licences will have to be prepared for a long haul before they hit the profitability highway. For instance, non-banking financial companies (NBFCs) enjoying high margins will have to be willing to sacrifice such growth and profitability as the norms that govern lending operations of banks are far more stringent than those of NBFCs. Also, if NBFCs have a lending business that can be carried out by a bank, then they would have to convert into a bank, if granted licence.So, while RBI has thrown open the door to all categories, it requires the new banks to open at least 25 per cent of branches in unbanked rural

Tough banking licence norms may keep many aspirants out

The rupee strengthened to its highest level in over a week on Monday, boosted by dollar sales by custodian banks, positive sentiment ahead of the upcoming budget and heavy dollar selling in the non-deliverable forwards market

Rupee strengthens to over one-week high

Reuters

The rupee strengthened the most in almost a week after US lawmakers agreed on a plan to increase the nation&rsquo;s debt limit, bolstering the appeal of emerging-market assets.

Rupee gains most in a week

RBI&rsquo;s recent stress tests show while banks seem reasonably resilient, profitability may be affected.

Banking sector: Limited upside

See long-term opportunity in the Indian markets, hire at the top level for future requirements.

Pvt, foreign banks ramp up equity mkts teams

Rakesh Singh joined the non-banking finance company (NBFC) as chief executive officer earlier this month after a 15 year stint with Standard Chartered Bank.

BS People: Rakesh Singh

I, 45, earn about Rs 1.2 lakh monthly. My family and I were abroad for 15 years. We returned five years ago. While abroad, we were living in company-provided accommodation. But now, we want to buy a flat on home loan. However, since we have differences with our relatives, we can&rsquo;t find a guarantor.

Debt counselling: Sanjay Agarwal

The rupee fell the most in three weeks on concern of a slowing US economy stalling the global economic recovery, sapping demand for emerging-market assets.

Rupee weakens on US concerns

The rupee fell to a one-week low, as an unexpected drop in US consumer spending added to signs the recovery in the world&rsquo;s largest economy was stalling, hurting demand for emerging-market assets.

Rupee weakens on US recovery 

Switching loans allowed, but timing it becomes crucial.

Better service, lower charges

In the wake of the sharp fall in stock prices, the rupee on Friday posted its biggest weekly loss in three months, closing at 44.74 against the dollar, from 44.55 yesterday, according to Bloomberg data. The fall has been 1.3 per cent in a week over the close of 44.18 last Friday.

Rupee slid 1.3% on portfolio outflows

Rajan Mehta, 48, is famous in the financial sector for bringing in exchange traded funds (ETFs) in India. He was a part of the founding team at Benchmark when it introduced ETFs at a time when very few people had even heard of it. Now, as the company has been taken over by Goldman Sachs, he has decided to pursue other interests.

BS People: Rajan Mehta

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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