Importers and exporters attempt to cushion fluctuations in rupee movements by getting into derivative contracts in receivables referred to as hedging.
Hopes of a recovery for the battered Re may dim if the govt fails to come up with a plan to raise US dollar funds soon as the worst external trade position in decades worries investors.
FINO has acquired Nokia Mobile Payment Services in India, thereby making its foray into prepaid mobile payment space.
The 12-year bond, with a coupon of 9.15%, has emerged as the most traded government bond in the past few weeks.
ING Vysya Bank has returned to investors more than double what the BSE Bankex did since January 2009, the year when Shailendra Bhandari was appointed its chief executive.
The Reserve Bank of India bought government securities worth Rs 12,000 crore on Friday through open market operations to infuse liquidity into the system.
Corporates and speculators took notional positions in the off shore, non deliverable forwards market early in the morning today.
Forecasters are coming to terms with the hard realities of a turbulent economy. Predicting RBI guv's moves is difficult for economists.
Companies deterred by rupee fall; decline nullifies RBI efforts to bring in dollars through overseas borrowing.
Subbarao had not heeded mkts when they wanted a cut, but has proved munificent on occasions when the mkts least expected it.
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