MUMBAI: Indian bank loans rose 9.7 per cent on year as of Oct 23, the central bank's weekly statistical supplement showed on Friday. Deposits were up 19.0 percent from a year earlier. Outstanding loans fell by 217.50 billion rupees ($4.6 billion) to 28.69 trillion rupees in the two weeks to Oct. 23. Non-food credit fell by 150.42 billion rupees to 28.33 trillion rupees in the two weeks, and food credit...
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--The Indian rupee gained against the U.S. dollar Monday as offshore demand in the non-deliverable forward market spilled over into the onshore unit.The dollar was at 46.22 rupees late Monday, down from 46.32 rupees in the previous session. The greenback hit an intraday low of 46.00 rupees."The rupee has run up on offshore demand, but now it may begin to run into some resistance as traders worry about...
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Reserve Bank of India Governor D Subbarao today proposed to permit stock exchanges to offer currency futures contracts in currency pairs of Euro-Rupee, Yen-Rupee and Pound sterling-Rupee, in addition to the current Dollar-Rupee contracts.In his second quarter review of the monetary policy for 2009-10, Dr Subbarao told the bankers that the Dollar-Rupee currency futures contracts offered by three recognised...
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Reserve Bank of India Governor D Subbarao today proposed to permit stock exchanges to offer currency futures contracts in currency pairs of Euro-Rupee, Yen-Rupee and Pound sterling-Rupee, in addition to the current Dollar-Rupee contracts.In his second quarter review of the monetary policy for 2009-10, Dr Subbarao told the bankers that the Dollar-Rupee currency futures contracts offered by three recognised...
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State Bank of Pakistan (SBP) on Saturday dispensed 110 billion rupees to banks, aiming at minimizing the deficiency of liquidity in open market banking system, Geo news reported.The rupees were provided for a week on 12.27 interest percent, which will be utilized for Open Market Operations (OMOs).According to sources, the bargain took place as private banks offered central bank Treasury Bills (TBs)...
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bank loans rose 9.7 per cent on year as of Oct 23, the central bank'sweekly statistical supplement showed on Friday. Deposits were up 19.0 percentfrom a year earlier. Outstanding loans fell by 217.50 billion rupees ($4.6billion) to 28.69 trillion rupees in the two weeks to Oct. 23.Non-food credit fell by 150.42 billion rupees to 28.33 trillionrupees in the two weeks, and food credit fell by 67.08 billion...
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visitLtd. Saturday reported a third-quarter consolidated net loss, hurt primarily by an exceptional loss resulting from fluctuations in foreign-exchange rate.Consolidated net loss for the three months ended Sept. 30 was 542 million rupees ($11 million), compared with a net profit of 622 million rupees a year earlier.Consolidated revenue for the July-September period rose 2.2% to 9.23 billion rupees...
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Delhi Metro Rail Corporation (DMRC) on Wednesday hiked its minimum fare from six rupees to eight rupees, while the maximum will be 30 rupees instead of 22 rupees.According to the DMRC, the average increase in fare for all slabs is around 36 per cent. The DMRC also clarified that the 10 per cent discount on smart card will continue.This is the third time that the DMRC has revised fares after starting...
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Continuing with its yesterday'slosses, the Indian rupee today depreciated by another 25 paiseto 46.89 against the US currency in early trade, largely onthe back of dollar's gains against other Asian units.Apprehensions that capital outflow would continue as theequity markets may remain weak in line with the other Asianmarkets, which were down by up to 1.7 per cent, also putpressure on the rupee.At...
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rupee strengthened in early trade on Friday following dollar's weakness against other Asian currencies.Expectations of fresh capital inflows into the domestic equities, which may open sharply higher in tandem with other Asian markets also supported the rupee.At the Interbank Foreign Exchange (Forex) market, the local unit strengthened by 32 paise to 46.88 a dollar. The rupee ended 14 paise higher at...
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