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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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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--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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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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precious metals resumed weak today, as Silver eased by Rupees 430 per kg to Rupees 27,460 and Gold by Rupees 110 per ten gm to Rupees 16,595 from their yesterday's close, owing to sustained heavy selling pressure from industrial users, traders at the Bombay Bullion Association (BBA) said.Similarly, the London and Asian markets tumbled as gold was quoted low at 1,102.00/1,102.02 per troy ounce and silver...
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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 the metro...
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NEW DELHI: State-run Punjab National Bank said on Thursday that its July-September profit was at 9.27 billion rupees, up from 7.07 billion rupees. The bank's interest income rose 16.3 per cent to 54.07 billion rupees, while the non-interest income was up 0.88 per cent to 6.69 billion rupees, it said in a statement....
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Values of both the precious metals opened firm today with Silver rising by Rupees 125 to Rupees 26,720 per kg and Gold by Rupees 15 per ten gm to Rupees 16,000 on good demand from stockists alongwith positive global cues, traders at the Bombay Bullion Association here said.In London and Asian markets, gold recorded high at 1,045.00/1,047.00 per troy ounce and silver was also advanced at 16.45/16.47...
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