The Hindu Business Line : Saturday, November 05, 2005

Banks have to offer farm loans at 7-8 pc: Pawar
THE Union Agriculture Minister, Mr Sharad Pawar, on Friday said Indian agriculture was facing a serious crisis and urged the banking community to bring down interest rates for farm credit to 7-8 per cent. "It is a funny situation when customers ... More

FOREX

Rupee touches year's low against $
THE rupee dropped to a year's low against the dollar on the back of strong demand for the US currency from importers. The appreciation of the dollar against other major currencies also aided the fall. The domestic unit slid by about 20 paise ... More

Six-currency exchange rate indices from December — Yuan, HK dollar in RBI forex basket
It is replacing its five-country indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) with new six-currency indices. The RBI is also revising its 36-country indices. The new REER and NEER figures will be ... More

Forex reserves up $678 m
THE country's forex reserves increased by $678 million during the week ended October 28, due to a rise in foreign currency assets. According to the weekly statistics from Reserve Bank of India, total reserves increased to $143.774 billion ... More

Rupee falls 20 p; bonds listless
MUMBAI: The rupee fell by about 20 paise against the dollar on Friday due to heavy demand for the greenback. The domestic currency opened at 45.38/39 and closed at 45.52/53, a one year low against the dollar. On Thursday, it had ended at ... More

GENERAL INSURANCE

Health cover for handloom workers
THE Government has given a Diwali gift to over a million handloom weavers and allied workers by launching a health insurance scheme. The scheme, introduced by the Development Commissioner of Handlooms, Ministry of Textiles, will give more ... More

CREDIT RATING

S&P upgrades Infosys, Tata Steel foreign currency ratings
STANDARD & Poor's Ratings Services today said that it has raised the foreign currency ratings on Infosys Technologies Ltd and Tata Steel Ltd to a level higher than the country's sovereign rating. Infosys Technologies Ltd has been moved up from .. More

DERIVATIVES MARKETS

SBT launches derivatives for risk hedging
STATE Bank of Travancore (SBT) has launched derivative products to help exporters and importers hedge their risks resulting from uncertainties in the future movement of interest and exchange rates. The customers of the bank have been using ... More

RBI & OTHER CENTRAL BANKS

Corporates raise $6.6 b overseas in first half
INDIAN companies raised $6.6 billion overseas in the first half of this fiscal, according to data provided by the Reserve Bank of India. This was almost the same amount that was raised by companies in the corresponding period last year. ... More

PRIVATE BANKS

HDFC Bank plans marketing drive in smaller towns
HDFC Bank has launched neighbourhood marketing initiatives in tier-two cities and towns to create awareness about its various products and services. Speaking to Business Line, Mr Ajay Kelkar, Head, Marketing, HDFC Bank, said that these ... More

INTEREST RATES

Banks hike FCNR, NRE deposit rates
ICICI Bank, IDBI Ltd and Bank of Baroda have hiked the interest rates on their NRE and FCNR deposits by over 20 basis points (bps). While the former two have hiked rates with effect from November 1, Bank of Baroda has hiked it from November ... More

SOCIETY & DEVELOPMENT

Canara Bank relief for flood-hit families in Mumbai
CANARA Bank has provided relief measures to 107 flood-affected families of Mumbai on October 28, as a part its social banking activity. Sixty-one families of the Veera Desai Road and Andheri West, and 46 families of the Aarey Pada area, ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line