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RBI tightens screws on gold funding

Last Updated: Friday, May 03, 2013, 15:39

The Reserve Bank also restricted the lending against gold coins up to 50 grams only.

RBI pegs 5.7% growth for current fiscal

Last Updated: Friday, May 03, 2013, 14:48

Projecting a modest pick-up in economic activity in the coming months, Reserve Bank on Friday pegged the Gross Domestic Product (GDP) growth rate for the current fiscal at 5.7 percent, significantly lower than the Finance Ministry's forecast of 6.1 to 6.7 percent.

RBI cuts repo rate by 0.25%; may not result in lower loan rates

Last Updated: Friday, May 03, 2013, 08:42

The bank lowered the short-term lending (repo) rate to 7.25 percent from 7.50 percent, lowest since May 2011 while retaining the CRR for banks unchanged at 4 percent.