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Fitch affirms NTPC's FC IDR at 'BBB-'; outlook stable
May 24, 2012 at 12:35 | Source: Moneycontrol.com
Fitch Ratings has affirmed India-based NTPC Limited's Long-Term Foreign-Currency Issuer Default Rating (FC IDR) at 'BBB-', National Long-Term rating at 'Fitch AAA(ind)', and its National Short-term rating at 'Fitch A1+(ind)'. The Outlooks on the Long-Term ratings are Stable.
Unrealistic to expect rupee to touch 48-49/$: Kaushik Basu
May 23, 2012 at 19:25 | Source: CNBC-TV18
Chief Economic Advisor Dr Kaushik Basu gives his exit interview to CNBC-TV18's Aakansha Sethi where he says that it is not only the Indian rupee but all emerging market currencies which are currently under pressure.
Reduce CAD to ease rupee: Deutsche Bank
May 23, 2012 at 17:08 | Source: CNBC-TV18
Sameer Goel, head of Asia Rates & Currency Research, Deutsche Bank, says that if foreign currency denominated bonds as offered the way it was offered in the past then they could prove to be effective in bringing more dollars into the system.
Only $400-500m left in exporter USD sales: Taders
May 22, 2012 at 12:22 | Source: Reuters
Indian exporters have already sold nearly half of their foreign currency in their accounts following the RBI's recent mandate on May 10, traders estimate.
Suzlon seeks more time for foreign bond repayment
May 18, 2012 at 18:46 | Source: Reuters
Suzlon Energy is seeking up to 45 more days from bondholders to repay foreign currency bonds maturing in June while it works on raising as much as USD 300 million in loans, the wind turbine maker said on Friday
Suzlon in advanced talks to raise USD 300m to repay FCCBs
May 18, 2012 at 16:22 | Source: Moneycontrol.com
Wind turbine maker Suzlon Energy on Friday said it is in advanced stages to raise up to USD 300 million from new facilities to meet its FCCB (foreign currency convertible bonds) obligations in June.

Videos »
Unrealistic to expect rupee to touch 48-49/$: Kaushik Basu
Reduce CAD to ease rupee: Deutsche Bank
Aim to repay FCCBs in full; Re joker in pack: Firstsource
Concerns about fisc, currency worrying FIIs: F&C Invest
Rupee won't see 50/USD soon, can breach 54.30: StanChart
more »

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Suzlon posts Rs 300 cr quarterly loss
Wind turbine maker Suzlon Group on Friday posted a net loss of Rs 300.24 crore in the three months ended March 2012, mainly due to higher interest costs and lower revenues.In the year-ago period, the...
May 26, 2012 at 13:31 | Source: Business Today
Forex reserves fall for third week
Continuing their fall for the third consecutive week, the foreign exchange reserves fell by $1.80 billion to $290 billion on the back of a decline in the core currency assets.The reserves had dwindle...
May 26, 2012 at 13:31 | Source: Business Today
The dirty Indian corporate trick of converting gold to junk
The crestfallen multi-billion-dollar international hedge fund manager looked defeated and disgusted as he slumped into the coffee shop sofa at a luxury hotel in south Mumbai. The hearing at the Bombay...
May 26, 2012 at 10:41 | Source: DNA India
Rupee posts eighth weekly drop; RBI intervenes
The rupee strengthened for a second session on Friday, continuing its recovery from record lows hit this week, after the Reserve Bank of India (RBI) stepped in to defend the currency and exporters an...
May 26, 2012 at 10:41 | Source: FirstPost
Manmohan Singh meets RBI chief, key advisers on rupee issue
Prime Minister Manmohan Singhon Friday reviewed the sharp decline in rupee value and its impact on the economy with RBI Governor D Subbarao and Planning Commission Deputy Chairman Montek Singh Ahluwal...
May 25, 2012 at 22:40 | Source: DNA India
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Foreign currency exchange rates hit by postcode lottery
Mystery shoppers from Which? have revealed that the Post Office and Thomas Cook, two of the biggest high street providers of foreign currency, are short-changing some holidaymakers with wide variations in the euro rate from one outlet to the next.
May 25, 2012 at 15:42 | Source: The Guardian
Why have I been charged to buy foreign currency?
I recently ordered £400 worth of US dollars online from Travelex, using my NatWest Visa debit card, to be collected at my local airport. A couple of days later, I opened my online banking statement to see that I had been charged an extra £4.50 as a ...
May 25, 2012 at 14:45 | Source: Daily Telegraph
Sudan receives hard currency
KHARTOUM, Sudan, May 26 (UPI) -- Sudan received hard currency deposits from foreign friendly nations to support its ailing economy, the central bank deputy governor said Saturday. Deputy Governor Badr el-Din Mahmoud told al-Sudani newspaper the ...
May 26, 2012 at 14:51 | Source: United Press International
Corona’s version of foreign currency deposit law ‘ridiculous’
MANILA (Updated 1:33 p.m.)-- House prosecutors find Chief Justice Renato Corona’s interpretation of the Foreign Currency Deposit Act “ridiculous” and conflicting to the intention of the said law. In Tuesday’s impeachment trial, Corona cited ...
May 22, 2012 at 23:52 | Source: Sun Star
Foreign currency seized
RAWALPINDI, May 10: The Airport Security Force (ASF) at Benazir Bhutto International Airport on Thursday arrested a passenger for attempting to smuggle huge amount of foreign currency equivalent to over Rs162.5 million — one of the biggest ...
May 12, 2012 at 02:21 | Source: DAWN Group
Amend foreign currency law, lawmakers urged
LAWYERS on Friday urged legislators to  amend Republic Act (RA) No. 6426 or the Foreign Currency Deposit Act, as well as craft a law regulating hospital arrests. During the weekly Balitaan sa Hotel Rembrandt forum in Quezon City, lawyers Salvador Panelo ...
May 25, 2012 at 15:56 | Source: Manila Times
Suzlon seeks more time for foreign bond repayment
Suzlon, the owner of Germany-based REpower, is "at an advanced stage" of raising funds to refinance the foreign currency bonds, he said. The world's fifth-largest wind manufacturer by cumulative installed capacity, Suzlon, needs to repay foreign ...
May 18, 2012 at 10:43 | Source: Reuters India
Rule to limit foreign currency loans
HA NOI — Individuals, along with co-operatives and other economic institutions which are not enterprises, would no longer be allowed to borrow from foreign sources under the provisions of a draft regulation newly released by the State Bank of Viet Nam.
May 22, 2012 at 02:38 | Source: Viet Name News
Currency smuggling bid foiled
RAWALPINDI, May 21: Customs authorities at Benazir Bhutto International Airport on Monday recovered foreign currency equivalent to over Rs70 million lying in lavatory of PIA flight from Karachi to Dubai via Islamabad. On a tip off that a large ...
May 22, 2012 at 02:53 | Source: DAWN Group
Belgium Foreign Minister: Brace for Greek Exit From Eurozone
Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Greek elections are scheduled for June 17 and could hasten the country's departure from the currency club should a government intent ...
May 26, 2012 at 13:39 | Source: NewsMax.com

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