Subhadip's Feed
Mar 25, 2014

Bonds lower; banks prefer cash ahead of fiscal-end

MUMBAI (Reuters) – Indian government bonds fell marginally on Tuesday as traders opted to conserve cash ahead of the end of the fiscal year, with the April-September borrowing numbers likely to provide an immediate trigger.

Banks typically avoid lending at the end of the financial year to shore up their balance sheets. That pushes the call rate higher, often to double digits, as the period coincides with advance tax outgo.

Mar 21, 2014

Rupee gains most in two weeks on strong fund flows

MUMBAI (Reuters) – The rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China’s weakening yuan.

Foreign funds have poured in $3.8 billion in domestic equities and bonds in March, sending indexes to record highs on Tuesday.

Mar 21, 2014

Indian rupee gains most in 2 weeks on strong fund flows

MUMBAI, March 21 (Reuters) – The Indian rupee rose the most
in two weeks on Friday to gain 0.5 percent for the week on the
back of strong foreign flows into domestic markets even as other
emerging Asian currencies buckled over concerns about U.S.
interest rates and China’s weakening yuan.

Foreign funds have poured in $3.8 billion in domestic
equities and bonds in March, sending indexes to record highs on
Tuesday.

Mar 20, 2014

Rupee falls most in nearly two months after Yellen sparks risk aversion

MUMBAI (Reuters) – The rupee saw its steepest fall in nearly two months on Thursday as emerging market assets wilted on worries the U.S. Federal Reserve would raise interest rates sooner than expected, although the currency recovered some losses on dollar sales by exporters.

Comments by Fed Chair Janet Yellen on Wednesday indicating the central bank could end its massive bond-buying programme this fall, and could start raising interest rates around six months later, had stunned investors.

Mar 20, 2014

Indian rupee falls most in nearly 2 mths after Yellen sparks risk aversion

MUMBAI, March 20 (Reuters) – The Indian rupee saw its
steepest fall in nearly two months on Thursday as emerging
market assets wilted on worries the U.S. Federal Reserve would
raise interest rates sooner than expected, although the currency
recovered some losses on dollar sales by exporters.

Comments by Fed Chair Janet Yellen on Wednesday indicating
the central bank could end its massive bond-buying programme
this fall, and could start raising interest rates around six
months later, had stunned investors.

Mar 19, 2014

Rupee gains on robust fund inflows; Fed policy awaited

MUMBAI (Reuters) – The rupee rose the most in nearly two weeks on Wednesday as foreigners continued to pile into the country’s equity market, while most other emerging market currencies eased due to a weaker Chinese yuan and caution ahead of the U.S Federal Reserve’s policy later in the day.

Foreign funds have been buying into blue chips, sparking a stock rally ahead of general elections amid signs of an improving domestic economy. Net purchases in stocks and bonds have totalled $3.5 billion in March alone.

Mar 19, 2014

Indian rupee gains on robust fund inflows; Fed policy awaited

MUMBAI, March 19 (Reuters) – The Indian rupee rose the most
in nearly two weeks on Wednesday as foreigners continued to pile
into the country’s equity market, while most other emerging
market currencies eased due to a weaker Chinese yuan and caution
ahead of the U.S Federal Reserve’s policy later in the day.

Foreign funds have been buying into blue chips, sparking a
stock rally ahead of general elections amid signs of an
improving domestic economy. Net purchases in stocks and bonds
have totalled $3.5 billion in March alone.

Mar 15, 2014

India’s Maruti Sukuzi to seek minority shareholder nod for plant

MUMBAI (Reuters) – Maruti Suzuki India (MRTI.NS: Quote, Profile, Research, Stock Buzz) said on Saturday it will seek minority shareholder approval for a plan to outsource production at a new factory to its largest shareholder, Suzuki Motor (7269.T: Quote, Profile, Research, Stock Buzz), after its leading investors opposed the move.

Suzuki Motor Corp, which owns 56 percent of Maruti, in January had announced plans to invest $488 million in a new plant in Gujarat state in northern India and then sell cars produced at the plant to Maruti, shelving an earlier plan that would have seen Maruti set up the factory itself.

Mar 15, 2014

Maruti Sukuzi to seek minority shareholder nod for plant

MUMBAI (Reuters) – Maruti Suzuki India (MRTI.NS: Quote, Profile, Research) said on Saturday it will seek minority shareholder approval for a plan to outsource production at a new factory to its largest shareholder, Suzuki Motor (7269.T: Quote, Profile, Research), after its leading investors opposed the move.

Suzuki Motor Corp, which owns 56 percent of Maruti, in January had announced plans to invest $488 million in a new plant in Gujarat and then sell cars produced at the plant to Maruti, shelving an earlier plan that would have seen Maruti set up the factory itself.

Mar 14, 2014

Rupee recovers from 1-week low; corps sell dollars

MUMBAI (Reuters) – The rupee recovered from one-week lows to end largely unchanged on Friday, as signs of continued strong foreign buying in the share and debt markets helped offset global concerns about military tensions in Ukraine and about China’s economy.

Despite the gains, the rupee was showing signs of waning momentum after a powerful rally that sent the currency to its strongest against the dollar since early August on Tuesday.