India's largest lender, state-run State Bank of India (SBI) is planning to issue a 5-year maturity bond later this month to raise up to $1 billion.

India took a step forward in freeing up the country's capital market on Monday by kicking off trading in interest rate futures (IRFs) on the National Stock Exchange (NSE).

U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the U.S. economy is breaking free from a deep recession.

South Indian Bank (SIB) announced Monday it has successfully raised Rs.200 crore capital through issuance of Tier II bonds.

India's largest mortgage lender, Housing Development and Finance Corporation (HDFC) has launched what is being billed as the largest fund raising program by any Indian company.

L&T Finance, a wholly owned subsidiary of the $6 billion engineering and construction conglomerate Larsen & Toubro (L&T) plans to raise up to Rs.1000 crore via a retail bond sale that opens on Tuesday.

Morgan Stanley will ramp up its presence in India's credit markets and hopes to benefit from the width and depth of the government debt market as it prepares to launch its primary dealing business, a senior official said on Monday.

The Indian government said, Thursday, it has stepped up its borrowing for the first half of the current fiscal from Rs.2.41 lakh crore to Rs.2.99 lakh crore.

State Bank of India, the country's top lender, sees interest rates rising by up to 100 basis points in six months if cash conditions tighten, its chairman said on Monday.

India gold futures were flat on Thursday on lack of cues, after losing 0.7 percent in the previous session on pressure from a strong dollar overseas, analysts said.

India gold futures were higher on Friday, tracking gains in overseas gold, analysts said.

India gold futures edged lower on Monday on soft international prices, which were under pressure from a firm dollar luring funds into other investments, analysts said.

India's gem and jewellery industry has sought additional dollar financing from the country's foreign exchange reserves to boost credit facilities to the beleagured sector.

Indian money manager Benchmark Asset Management aims to grow client base in its gold exchange traded fund by more than 50 percent as it lures investors hurt by a sharp drop in their stock portfolios, a top executive said.

India gold futures traded a tad higher on Thursday, aided by a weak rupee, and further supported by slightly higher international markets, analysts said.

India gold demand was subdued on Tuesday as well-stocked traders waited for bigger falls for purchases in the middle of the wedding season, while scrap sales abated after a brief 2-day pick-up, traders said.

India's gold futures edged higher on Monday, supported by a weak rupee, but weak international markets restricted the upside, analysts said.

Investors in India, the world's largest gold consumer, sold 17 tonnes of bullion in the first quarter of 2009, marking its first disinvestment ever, while investment demand plunged more than 70 percent in Vietnam on import restrictions, industry data showed on Thursday.

India gold futures traded a tad lower on Wednesday pressured by a marginally higher rupee, which makes the dollar-quoted asset cheaper, analysts said.