Surplus liquidity in the banking system has proved to be short-lived as lenders' borrowing from RBI has risen to a four-month high, signalling monetary management may be getting tricky with slowing deposits growth.
Geithner-Bernanke visit: Business heads like Deepak Parekh, Adi Godrej talk India potential after reforms
Business heads were briefed about the US economic situation. The US delegation assured the Indian leaders that the impact of QE3 would not be as much as people fear.
Credit Suisse estimates global wealth to rise by 50 pc in the next five years and number of millionaires to rise to 46 million.
Appreciation in rupee may have peaked, says Deutsche Bank, as difficulties in European region and China persist.
Among those present were ICICI Bank's Chanda Kochhar, Hari Bhartia from Jubilant Bhartia Group, and Rajiv Lall from IDFC.
Trading volumes in the secondary corporate debt markets have picked up as yields on corporate debt head lower and liquidity in the system improves.
Liquidity in the banking system has improved & this may help interest rates to soften even if RBI continues with its hawkish stance on policy rates.
The rupee will trade in a range between 49 & 54 to the dollar till the end of the year as investors digest the sharp gains in both the currency & equity markets.
Indian Oil Corporation has raised $400 million through Singapore dollar bond. The bonds issued by the company mature in ten years, carrying a coupon rate of 4.10%.
Debt capital markets transactions in the Asia pacific region in the first nine months of the year rose 51% to $793.8 billion.
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