Asian Lite News Archive

Category: MARKETS

  • India Inc. hails RBI move

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    India Inc. Tuesday welcomed the Reserve Bank of India’s (RBI) move to put more funds into the system by cutting statutory liquidity ratio (SLR). However, it said that an interest rate cut should also be considered when inflation is slowing down and growth needs a boost. “At a time when industrial growth continues to be…

  • UK joins Islamic banking with Sukuk

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    UK become the first country outside the Islamic world to issue sovereign Sukuk The British government has cemented Britain’s position as the western hub for Islamic finance by becoming the first country outside the Islamic world to issue sovereign Sukuk, the Islamic equivalent of a bond. The government confirmed that £200 million of Sukuk, maturing…

  • Raghuram calls on Modi

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    Reserve Bank of India Governor Raghuram Rajan Sunday made a courtesy call on Prime Minister Narendra Modi, the PMO said here. The visit comes ahead of the RBI’s review of its monetary policy Tuesday, its first exercise after the installation of the new union government. The country’s central bank is expected to continue on its…

  • Ab ki baar… Nifty 8,000

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    Currency Corner column  by Vatsal Srivastava looks in to the Modi effect on markets Kudos to the markets for pricing in not just the direction but also the magnitude of the Modi led BJP sweep across the Indian electorate. The last time a single party won a majority was in 1984 with the Congress winning 414…

  • UK Housing Market at risk

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    The governor of the Bank of England has given his strongest warning yet about the dangers to Britain’s economy posed by the booming housing market, BBC reported. Mark Carney said the market represented the “biggest risk” to financial stability and the long-term recovery. He added there were deep structural problems which needed to be addressed.…