banking finance News

Indian rupee likely to end 2014 at 61 despite strong US dollar: BofA-ML

BofA-ML said that BoP would be Indian rupee-supportive. (Reuters)

Sensitivity of Asian currencies, including Indian rupee to US dollar has 'fallen' this year...

Rupee is seen trading in a range of 60.60 to 61.20PSBs $37 bn short of meeting Basel-III
Rupee is seen trading in a range of 60.60 to 61.20
Indian rupee opened weak at 60.94 due to stable overseas dollar movement...

PSBs $37 bn short of meeting Basel-III

Banks may tap the equity markets to raise capital, but with valuations low, they could struggle to r...

Indian rupee down 11 paise against US dollar in early trade

The rupee fell by 11 paise to 60.93 against the US dollar in early trade today at the Interbank Fore...

Indian rupee ends a paisa down at 60.82 Vs US dollar in lacklustre trade

At the Interbank Foreign Exchange market (Forex), the domestic unit commenced lower at 60.85 a dolla...

Telangana govt releases Rs 4,250 cr to banks for loan waiver

Speaking to media after the meeting, minister for agriculture P Srinivas Reddy said the Telangana Ra...
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ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
Now, UCO Bank wields wilful default stick on Vijay Mallya's Kingfisher Airlines
UCO Bank has an exposure of Rs 400 crore to the debt-ridden Kingfisher Airlines.
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Vikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.
RBI cancels licence of Ajmer Urban Cooperative Bank
The Reserve Bank has cancelled the licence of Ajmer Urban Cooperative Bank...
Oriental Bank of Commerce cuts fixed deposit rates by up to 1%
Fixed deposit rate for maturities ranging from 31-45 days has come down to 6 per cent.
Court issues production warrant against Syndicate Bank CMD S K Jain
A special court today issued production warrants against Syndicate Bank...
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
Rupee to weaken towards 61.10 levels again
Indian rupee opened firm at 60.77 and then made a intraday high of 60.73...
Indian rupee edges up a paisa to end at 54.77 vs US dollar
Indian rupee today closed just paise higher at 54.77 against US dollar on better local equities.
Indian rupee trades lower against US dollar on foreign fund buying
Indian rupee was trading at 60.7500/7550 against US dollar vs Thursday's close of 60.83/84.
Indian rupee, US dollar edges up tracking Asians, shares in focus
US dollar held firm near a 10-month high against a basket of major currencies.
RBI guidelines pay off, CDR cell gets just 1 referral in Aug
Only one case was referred to the CDR cell for restructuring in August.
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Indian rupee up 10 paise against US dollar in early trade
Extending its rising streak for the the fourth straight day, the rupee strengthened by 10 paise...
Indian rupee up by 10 paise Vs US dollar in early trade
The rupee today rose by 10 paise to 54.68 against the dollar in early trade.
Amid Xi Jinping’s visit, Indian and Chinese banks on deal-signing spree
State Bank of India (SBI), signed a framework agreement for a line of credit (LoC) of $1.8 billion t...
Indian rupee closes 3 paise higher against US US dollar at 54.78 on rally in equities
A strong dollar weighed on rupee but the local currency managed to erase early losses and settle 3 p...
RBI needs to raise policy rates to bring down inflation: IMF
The wholesale price-based inflation dropped to 5-year low of 3.74 per cent in August, while the reta...
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