New Delhi, Nov 12: Weeks after the market regulator, Securities and Exchange Board of India (SEBI) warned the stocked exchanges to stay wary of terror funding entities, the Reserve Bank of India (RBI) asked all the banks and financial institutions to
Washington, Nov 3: In an unexpected development, India on Monday, Nov 3 bought 200 metric tonnes of gold from the International Monetary Fund (IMF) for 6.8 billion dollars.With this speedy purchase, India surprised the world as China was expected to
New Delhi, OCt 29: Higher food prices took the India's inflation rate up to 1.51 per cent as of Oct 17 as opposed to the 1.21 per cent from the previous week.Tea, mutton and arhar and manufactured food items including edible
New Delhi, Oct 27: Finance Minister Pranab Mukherjee on Tuesday, Oct 27 said the RBI's move to keep almost all rates unchanged is in line with the government's thinking on fiscal and monetary policies.Speaking to reporters after the monetary review, Mukherjee
Mumbai, Oct 27: As predicted, the Reserve Bank of India (RBI) has left the key rates unchanged. According to the latest media reports, the RBI has kept the repo, reverse repo and CRR rates unchanged.In the mid-term review of 2009-10 monetary
New Delhi, Oct 15: Indian inflation rose to 0.92 per cent during the week ended Oct 3 from 0.70 per cent a week ago.Inflation could have been much higher because same week in 2008 it was 11.49 per cent. Prices of
New Delhi, Oct 14: Indian economy is likely to grow close to 6.5 percent in the current financial year, Prime Minister Economic Advisory Council Chairman C Rangarajan said.Addressing a seminar here, Rangarajan said, "My own estimate is that economy would grow
New Delhi, Oct 13: India received foreign direct investment of $3.26 billion in Aug 2009, a growth of 40.51 pc over the same month in 2008.The Reserve Bank said in its bulletin that FDI inflows, in Aug 2008, stood at $2.32
Mumbai, Oct 12: ATM-users should learn to bid goodbye to the convenience of free access of third-party ATM as limitations on the withdrawal amount and the number of transactions each month would be effective from Thursday, Oct 15. Under this,
Kolkata, Sep 23: Finance Minister Pranab Mukherjee on Wednesday, Sep 23, said that RBI should not tighten the monetary policy as the Centre has planned to borrow huge amounts from the market."I am not prescribing a tight money policy", he said,