The Hindu Business Line : Saturday, April 12, 2008

FOREX
Forex reserves rise by $2.724 b
Mumbai, April 11 The country’s foreign exchange reserves rose by $2.724 billion to touch $311.885 billion for the week ended April 4, due to a rise in foreign currency assets and gold reserves.The reserves had surged by $4.504 ... More

Rupee stays rangebound
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INSURANCE
‘Insurers’ solvency margins up to the mark in 2006-07’
Hyderabad, April 11 In what can be seen as an indicator of the industry’s health, all the life and non-life insurers have successfully maintained required solvency margins in the year 2006-07, in line with the norms of the Insurance ... More

GENERAL INSURANCE
Premium underwritten by general insurers
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FINANCIAL POLICY
Fed: Sending the wrong signals?
The Federal Reserve appears to be chasing a crooked shadow. Let us track its approach to policy since last August. It has turned Keynesian instead of being Monetarist by preferring to fine-tune a rules approach. There has been too much of ... More

FINANCIAL INSTITUTIONS
IIFCL opens subsidiary in London
New Delhi, April 11 India Infrastructure Finance Company Ltd (IIFCL) on Friday announced the setting up of its offshore subsidiary at London. The subsidiary office at London was inaugurated by the Union Finance Minister, Mr P. ... More

GOVT BONDS
Bonds fall on higher inflation rate
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CREDIT MARKET
Incremental bank credit growth slows down
Mumbai, April 11 The incremental growth in net bank credit for the year 2007-08 is lower at 23 per cent against 29 per cent in 2006-07, according to the Reserve Bank of India figures. The increase in non-food and food credit in fiscal ... More

SHORT TERM INSTRUMENTS
Call rates close lower
The inter bank call rate closed lower at 5-5.5 per cent against the previous close of 6-6.05 per cent. In the four-day reverse repo auction, under the Liquidity Adjustment Facility, the RBI received and accepted 37 bids for Rs 37,370 crore. There ... More

CO-OPERATIVES
Rs 1,345-cr Nabard aid for TN co-op banks likely
Chennai, April 11 The National Bank for Agriculture and Rural Development is likely to provide over Rs 1,345 crore assistance to Tamil Nadu for the revival of its cooperative banks.Addressing the annual press conference here, Mr K.V. ... More