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Libor News
RBI eases norms to boost inflows as rupee weakens The Reserve Bank of India swung into action today after the rupee depreciated 1.7 per cent in four trading sessions and went close to its all-time low levels in early trade today. In a communication made after market hours, the central bank relaxed norms to encourage foreign currency inflows. The RBI relaxed the interest rate ceiling on foreign currency non-resident (FCNR) deposits of banks with maturities
Jamal Mecklai: The conundrum of FX borrowings
Finger in the air
Sometimes, the world of finance is based on guesswork. Investigations into the alleged manipulation of the London interbank offered rate — known as Libor — have laid bare a flaw in the
PFC revives plan to raise $1 bn
Power Finance Corporation (PFC) has revived its plan to raise $1 billion via medium-term notes (MTN). The power sector lender, which had deferred its MTN plan in November, is looking to roadshows Libor Galleries
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