The Hindu Business Line : Saturday, October 14, 2006

FOREX
Forex reserves fall by $30 million
Forex reserves decreased by $30 million to $165.275 billion for the week-ended October 6, mainly due to a drop in foreign currency assets. In the previous week, reserves had fallen by $1.177 billion to touch $165.305 billion. Foreign currency ... More

Rupee firm against dollar
The rupee turned firm against the greenback on Friday on the back of dollar inflows. The domestic currency opened at 45.46/47 and touched an intra-day low of 45.54 before closing at 45.44, up from Thursday's close at 45.63. ... More

FINANCIAL PERFORMANCE
UTI Bank net up 30 pc in Q2
A rise in net interest and fee incomes has helped UTI Bank to post a 30 per cent rise in net profit at Rs 141.98 crore during the second quarter ended September 30 against Rs 109.01 crore during the corresponding period last year. Trading ... More

CONSUMER FINANCE
SBH ties up with Indo Farm Tractors
State Bank of Hyderabad (SBH) has announced that it has entered into a memorandum of understanding (MoU) with Indo Farm Tractors & Motors Ltd for financing tractors for farmers on liberal terms. In a press release here on ... More

RBI & OTHER CENTRAL BANKS
RBI paper on harmonised consumer price index
The Reserve Bank of India has released a discussion paper on construction of a harmonised index of consumer prices (HICP) based on the Consumer Price Index (CPI) for three reference population groups such as industrial workers, urban non-manual ... More

PUBLIC SECTOR BANKS
Canara Bank to open branch in Hong Kong
Board gives nod to open 20 overseas branches More

FOREIGN BANKS
Deccan Aviation in deal with 2 European banks
To raise $100 million to fund cash flow needs More

INTEREST RATES
`Inflation rise not to impact interest rates'
The Finance Minister, Mr P. Chidambaram, on Friday said that the latest increase in the country's inflation would not exert pressure on interest rates and that there was ample liquidity in the system. "No, there is ample liquidity in the ... More

GOVT BONDS
First instalment of oil bonds expected on Oct 16
State-owned oil-marketing cos set to get bonds worth Rs 5,000 cr More

Bond prices fall
Bond prices fell after the release of the inflation data, which was worse than expected. Total traded volumes on the order matching system was Rs 3,360 crore (Rs 2,840 crore). For the week ended September 30, the rate of ... More

CREDIT MARKET
Banks, FIs to fund urban local bodies
Loans based on an appraisal of individual projects More

Banks' CD ratio rises in Kerala
The banks disbursed Rs 4,626 crore to the priority sector in the first quarter of this year. More

Gross bank credit up
Gross bank credit has gone up by Rs 47,216 crore to Rs 16,54,734 crore as on September 29, according to Reserve Bank of India's Weekly Statistical Supplement. It includes food credit, which decreased by Rs 2,938 crore to Rs ... More

SHORT TERM INSTRUMENTS
Call rates up at 6.50-6.70 pc
Call rates closed at 6.50-6.70 per cent (6.35-6.45). In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted seven bids amounting to Rs 6,190 crore. In the second auction, 24 bids ... More

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Cross Currency Rates

Top Stories
Deccan Aviation in deal with 2 European banks

FMC: No fresh measures to curb speculative interest

`Retail, media, FMCG sectors on a hiring spree'

Ruia group to revamp shareholding pattern

`Inflation rise not to impact interest rates'

Banks, FIs to fund urban local bodies

After Bt cotton, hybrid rice market hotting up

MTNL all set to launch IPTV in Delhi, Mumbai

Looking back
Oct. 1-Oct. 7
Interest rate must not be raised: CII survey

LIC registers 150-pc rise in new premium income

Flatter US yield curve ahead?

Standard Motors' payment buoys IOB recoveries in Q2

`Banks yet to obtain digital signatures in a big way'

Forex reserves fall over $1.2 b

Govt paper on PD books to be parent bank's SLRs

India on ING radar

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