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Aug 5, 2014

India central bank keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – India’s central bank kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

RBI keeps repo rate unchanged, cuts SLR for banks

MUMBAI (Reuters) – The RBI kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up resources for banks to lend, a priority for Prime Minister Narendra Modi’s government as it seeks to encourage investment in order to put momentum back in sluggish economic growth.

Aug 5, 2014

India cbank keeps repo rate unchanged, cuts SLR for banks

MUMBAI, Aug 5 (Reuters) – India’s central bank kept its key
policy repo rate unchanged on Tuesday as widely expected, but
warned about inflationary risks should a shortfall in monsoon
rains spark a surge in food prices.

The Reserve Bank of India also announced measures to free up
resources for banks to lend, a priority for Prime Minister
Narendra Modi’s government as it seeks to encourage investment
in order to put momentum back in sluggish economic growth.

Aug 4, 2014

RBI seen holding rates steady, sounding less dovish

MUMBAI (Reuters) – The Reserve Bank of India is expected to keep interest rates steady while adopting tougher rhetoric on inflation at a policy review on Tuesday due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

RBI Governor Raghuram Rajan will also likely reiterate his warning about the potential destabilising impact of outflows from emerging markets should the U.S. Federal Reserve increase interest rates earlier than expected.

Aug 4, 2014

India central bank seen holding rates steady, sounding less dovish

MUMBAI, Aug 5 (Reuters) – India’s central bank is expected
to keep interest rates steady while adopting tougher rhetoric on
inflation at a policy review on Tuesday due to growing concerns
that disappointing monsoon rains will lead to a surge in food
prices.

Reserve Bank of India Governor Raghuram Rajan will also
likely reiterate his warning about the potential destabilising
impact of outflows from emerging markets should the U.S. Federal
Reserve increase interest rates earlier than expected.

Jul 3, 2014

BSE halted trading for three hours due to network outage

MUMBAI (Reuters) – India’s second-biggest exchange operator BSE Ltd halted trading across all its markets for about three hours on Thursday due to a network outage, marking the fourth time this year the bourse has suffered from technical problems.

The latest trading disruption at BSE Ltd raised concerns about the sturdiness of the systems at a bourse that runs the BSE index, or the Sensex, considered the benchmark share index in India.

Jul 3, 2014

India’s BSE exchange halts trading due to network outage

MUMBAI, July 3 (Reuters) – India’s second-biggest exchange
operator BSE Ltd halted trading across all its markets for about
three hours on Thursday due to a network outage, marking the
fourth time this year the bourse has suffered from technical
problems.

The latest trading disruption at BSE Ltd raised concerns
about the sturdiness of the systems at a bourse that runs the
BSE index, or the Sensex, considered the benchmark
share index in India.

Jun 6, 2014

Indian regulator may probe Credit Suisse in insider trading case

MUMBAI (Reuters) – India’s stock market regulator may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

The Securities and Exchange Board of India (SEBI) on Thursday accused Hong Kong-based multi-asset fund Factorial Capital Management Ltd of shorting L&T Finance Holdings Ltd before the announcement of a share sale in mid-March.

Jun 6, 2014

SEBI accuses Hong Kong hedge fund Factorial of insider trading

MUMBAI (Reuters) – The Securities Exchange Board of India (SEBI) accused Hong Kong-based Factorial Capital Management Ltd of insider trading, saying it suspected the hedge fund had shorted L&T Finance Holdings Ltd (LTFH.NS: Quote, Profile, Research) before the announcement of a share sale in mid-March.

The stock market regulator on Thursday also reserved the option of looking into Credit Suisse’s Indian unit, which had been the broker for L&T Finance’s share sale, but did not accuse the investment bank of any wrongdoing or announce the start of an actual investigation.

Jun 6, 2014

Indian regulator accuses Factorial of insider trading

MUMBAI, June 5 (Reuters) – India’s stock market regulator
accused Hong Kong-based Factorial Capital Management Ltd of
insider trading, saying it suspected the hedge fund had shorted
L&T Finance Holdings Ltd before the announcement of a
share sale in mid-March.

The Securities Exchange Board of India (SEBI) on Thursday
also reserved the option of looking into Credit Suisse’s Indian
unit, which had been the broker for L&T Finance’s share sale,
but did not accuse the investment bank of any wrongdoing or
announce the start of an actual investigation.

    • About Rafael

      "Rafael Nam is the Chief Markets Correspondent for India, overseeing markets and chat room coverage across stocks, debt and fixed income. He has recently started tweeting at @rafaelnam"
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