Re dips below 47-mark on corporate dollar demand, bank short-covering
THE rupee breached the 47-mark against the dollar on Tuesday and quoted at an intra-day low of 47.02/04 on good corporate dollar interest, and continuous short-dollar covering by banks before recovering a shade to close at 46.99/47.00.

Dollar at two-week high as Fed decision looms ahead
THE dollar pushed to two-week highs against the yen and held near one-month peaks against the euro on Tuesday, as traders awaited the Federal Reserve’s policy-setting meeting later in the day.

UCBs seek relaxation of SLR norms
THE National Federation of Urban Co-operative Banks has submitted a proposal to the RBI governor, Bimal Jalan, requesting the central bank to review its earlier decision whereby it had directed that scheduled urban co-operative banks as part of their statutory liquidity ratio requirements, have to invest at least 20% in govt and other approved securities.

Deutsche Bank loses 25 executives in bond group to Barclays Capital
THREE months after failing to lure 40 top bond executives from Wall Street’s Credit Suisse First Boston, Barclays Capital has succeeded in hiring a group of senior bond professionals from Deutsche Bank AG instead.

Healthcare segment to post 13 per cent growth
India’s healthcare industry is expected to grow by around 13 per cent a year for the next 6 years, according to Confederation of Indian Industry (CII).

DF allies plan a letter to CM to probe Dabhol project deal
Bhel bags Rihand, Ramagundam contracts