The Hindu Business Line : Tuesday, June 14, 2005

Rupee weakens; gilts decline
MUMBAI: The rupee substantially weakened against the US dollar on Monday on better-than-expected US trade deficit figures and a fall in the value of the euro. The rupee opened 10 paise lower at 43.61, from Friday's close at 43.5250/53. ... More

FINANCIAL INSTITUTIONS

SIDBI hopeful of nod for biz model change
SMALL Industries Development Bank of India, which has sent its proposal to the Government for change of its business model from a refinance institution to a fullfledged financial institution, hopes to get early ratification from ... More

PFC okays Rs 750-cr loan for Nagarjuna thermal project
POWER Finance Corporation, the lead banker for the thermal power project of Nagarjuna Power Corporation Ltd at Padubidri in Udupi district, has sanctioned a loan of Rs 750 crore to the project, according to a Nagarjuna Power release here on ... More

INTEREST RATES

RBI panel for hike in foreign currency export credit rates
THE Reserve Bank of India's (RBI) Working Group to review export credit has recommended that the interest rate for foreign currency denominated export credit be increased by 0.25 percentage points. However, it has also suggested that the rupee ... More

CREDIT MARKET

`Make CDR norms borrower-friendly'
THE Reserve Bank of India should consider amending Corporate Debt Restructuring (CDR) guidelines in a manner that makes the process borrower-friendly, the PHD Chamber of Commerce and Industry (PHDCCI) has suggested. In a representation to the ... More

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