Borrowings manageable
Mumbai: Although the gross borrowings for the year 2003-04 have been projected at Rs 1,66,000 crore, the market is not unduly worried about it as the net borrowings are at Rs 1,07,194 crore, which is lower than the revised estimates of Rs 1,12,865 crore in 2002-03, according to Arun Kaul, Managing Director, PNB Gilts.
Back to News Review index page  

Forex build-up pace slows a tad
Mumbai: Accretion to the country's forex reserves was significantly lower at $71 million for the week ended February 21, as compared to the trend in the recent past.Forex inflows were to the tune of $616 million in the previous week and $1.084 billion in the week before that.
Back to News Review index page  

BoE rate cut hints at change of tack
New Delhi: The Bank of England had lowered the interest rates by 0.25 percentage points to 3.75 per cent in a surprise move at the start of last month. The timing of the move surprised the market.
Back to News Review index page  

SBT cuts interest rates
Thiruvananthapuram: The State Bank of Travancore (SBT) has announced reduction in interest rates on housing loans with effect from March 1, a bank spokesman announced here.
Back to News Review index page