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India's forex reserves zoom $2.79 bn to $309.44 bn

India's forex reserves zoom $2.79 bn to $309.44 bn

Last Updated: Friday, April 18, 2014, 22:47

India's forex reserves jumped on the back of a healthy rise in currency assets.

Credit growth slips to 13.8%; deposits up 15%

Credit growth slips to 13.8%; deposits up 15%

Last Updated: Thursday, April 17, 2014, 21:13

Bank deposits grew at 14.98 percent year-on-year to Rs 79,31,104 crore as on April 4, better than credit growth, according to RBI data.

Largest bond sale of Rs 20,000 cr fully covered

Largest bond sale of Rs 20,000 cr fully covered

Last Updated: Thursday, April 17, 2014, 20:23

The Reserve Bank on Thursday auctioned the highest ever quantum of government bonds worth Rs 20,000 crore which was fully subscribed on increased demand after over Rs 40,000 crore of redemption of a security and on value-buying.

RBI may eventually tighten rates to tame inflation: HSBC

RBI may eventually tighten rates to tame inflation: HSBC

Last Updated: Thursday, April 17, 2014, 16:26

The Reserve Bank of India is likely to remain in wait-and-watch mode now, but will eventually need to tighten policy rates to contain upside risks to inflation, an HSBC report said.

RBI for independent body for forex benchmark rate

Last Updated: Wednesday, April 16, 2014, 22:13

The Reserve Bank Wednesday suggested setting up of an independent body for recommending benchmark foreign exchange rate to avoid any possibility of manipulation by bankers.

Give benefit of differential rate to MSE sector: RBI to banks

Last Updated: Tuesday, April 15, 2014, 22:14

The Reserve Bank on Tuesday asked banks to give the benefit of differential rate of interest to micro and small enterprises (MSE) on the basis of credit guarantee cover.

India's services exports in Feb at $13.16 billion

Last Updated: Tuesday, April 15, 2014, 22:08

India's services exports in February stood at USD 13.16 billion, slightly lower than a month earlier.

Retail, wholesale inflation rises in March; dashes hopes for rate-cut

Last Updated: Tuesday, April 15, 2014, 20:31

While wholesale inflation in March rose to a three-month high of 5.7 percent, retail inflation inched up to 8.31 percent after softening for three straight months since December.

Sensex slumps 144 pts as inflation, IIP worries negate Infy gain

Last Updated: Tuesday, April 15, 2014, 17:19

Sensex Tuesday fell further by 144 points as investors booked profits at high levels after inflation soared to a three-month high for March dashing hopes of any rate cut by the Reserve Bank.

Rate cuts unlikely before March next: Bofa-ML

Last Updated: Tuesday, April 15, 2014, 15:14

US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.

Costlier food items push inflation higher at 5.7% in March

Last Updated: Tuesday, April 15, 2014, 13:27

The inflation in the food items, based on the wholesale price index (WPI), shot up by 9.9 percent in March as against 8.12 percent in the previous month.

RBI to shortly issue Rs 500, Rs 100 notes of 2014 printing yr

Last Updated: Sunday, April 13, 2014, 12:24

RBI said the design of these banknotes will be similar in all respects to Rs 500 and Rs 100 banknotes printed in Mahatma Gandhi series-2005 issued earlier.