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SBI says not likely to raise funds from abroad now

SBI stock rallies on rating upgrades
The country's largest lender, State Bank of India (SBI), on Monday closed 3.27 per cent higher after leading foreign brokerages upgraded the stock to a 'buy' rating. CLSA and Bank of America-Merrill Lynch have upgraded the stock to 'buy', citing asset quality improvements and recent under-performance in shares. Macquarie also raised its ratings to 'neutral', saying SBI was already the most expensive

Gold down by Rs 10; silver by Rs 200 on sluggish demand

New Delhi: Both the precious metals, gold and silver, on Monday declined due to sluggish demand at prevailing higher levels amid stockists selling. While gold declined by Rs 10 to Rs 29,465 per 10

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India call rate rises; repo borrowing up

India's overnight cash rate rises to 8.25/30 percent from 8.20/25 percent on Friday as demand for funds increases at the start of a fresh reporting two-week cycle. Banks' repo borrowings from the RBI

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N Chandra Mohan: Unravelling the Greek tragedy

The recent elections in Greece and France have sent out a clear signal that the austerity regime foisted on the euro zone’s debt-ridden countries is unacceptable to its people. Around 70 per

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Shankar Acharya: The exchange rate: economics bites back

Since last August the Indian rupee has been volatile and weak. The rupee-dollar parity dropped from 44-46 last summer to a low of 54.2 in mid-December. Some regulatory measures and substantial market

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It's the currency, stupid!

The seed of the January-February rally that saw the Nifty surge 1,102 points from the low of 4,531 on December 20, 2011 to 5,629 on February 22, 2012, was sown by the assumption that the Congress

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