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RBI raises ways and means advances limit

2013.Ways and means advances are short-term borrowings of the federal and state governments from RBI.The Reserve Bank of India (RBI) on Friday said it has raised the ways and means advances limit for state governments by 50% to Rs. 153.60 billion with from Monday.Ways and means advances are short-term borrowings of the federal and state governments from RBI.It's...
Source : Indiainfoline |
Category : Business

RBI acts tough on offshore FX trading on the internet

walks past a logo of the Reserve Bank of India (RBI) in front of its building in Kolkata May 21, 2012.(Reuters) - The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites, asking banks to report any such remittances to the regulator.In a circular issued late on Tuesday, the Reserve Bank of India (RBI) asked banks to advise customers not to undertake forex...
Source : Reuters India |
Category : Others

India central bank hikes rate to fight inflation

Reserve Bank of India (RBI) logo is displayed on the gate of the RBI headquarters in Mumbai, India, Tuesday, Oct 29, 2013. India's central bank raised its key interest rate for the second time in two months, underlining its determination to control inflation despite concerns economic growth could slow further.Photo: Rafiq Maqbool, APReserve Bank of India (RBI) Governor Raghuram Rajan adjusts his glasses...
Source : News Times |
Category : Business | City : National

RBI focused on controlling inflation: Raghuram Rajan

saysFinancial inclusion does not just mean credit for productive purposes, it means credit for healthcare emergencies or to pay lumpy school or college fees, RBI saysThe Reserve Bank of India (RBI) governor, Raghuram Rajan said it was focused on controlling inflation.s’ Association in Mumbai, he said it affects all segments of the society, particularly the poorer.These are challenging times for the...
Source : Indiainfoline |
Category : Business

Pfizer Bid for AstraZeneca Has No Guarantees for Sweden

Pfizer Inc. company logo, right, and the AstraZeneca Plc company logo, are seen on boxes of pharmaceutical products.The Pfizer Inc. company logo, right, and the AstraZeneca Plc company logo, are seen onThe Pfizer Inc. company logo, right, and the AstraZeneca Plc company logo, are seen on boxes of pharmaceutical products.The U.K. won a pledge from Pfizer Inc. to protect research jobs in the country...
Source : Bloomberg |
Category : Health

RBI, India’s Central Bank, Raises Key Rate As Governor Aims To Tackle Soaring Inflation While Revivi

RBI, India’s Central Bank, Raises Key Rate As Governor Aims To Tackle Soaring Inflation While Reviving Slowing GrowthThe Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai Jan. 25, 2011.India’s central bank, with an express aim to curtail runaway inflation, raised the key repo rate to 8 percent from 7.75 percent on Tuesday while choosing to keep the cash reserve ratio, or...
Category : Business

RBI raises repo rate, says further tightening unlikely soon

Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai January 11, 2011.Paul McCartney and Ringo Starr take the stage together to mark 50 years since The Beatles' legendary debut on The Ed Sullivan Show.(Reuters) - The RBI surprisingly raised interest rates on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling...
Source : Reuters India |
Category : Others | City : Mumbai

RBI raises repo rate, says further tightening unlikely soon

Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai January 11, 2011.Rehearsals are underway for the Beating the Retreat ceremony held every year on January 29.(Reuters) - The RBI surprisingly raised interest rates on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies.The Reserve Bank of...
Source : Reuters India |
Category : Others | City : Mumbai

RBI's strong inflation focus sparks bond uncertainty

talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai June 14, 2010.Notwithstanding the freezing cold, rehearsals are underway for the Republic Day parade.(Reuters) - A bout of uncertainty is gripping investors in India, sending benchmark bond yields sharply higher this week, after the RBI governor's strong warning on inflation raised...
Source : Reuters India |
Category : Others | City : Mumbai

RBI, India's Central Bank, Leaves Key Rates Unchanged; Says Outlook For Global Growth Is Moderate, I

RBI, India's Central Bank, Leaves Key Rates Unchanged; Says Outlook For Global Growth Is Moderate, India's Growth To Face HeadwindsThe Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai Jan. 25, 2011.The Reserve Bank of India, India's central bank, chose to leave key interest rates unchanged on Thursday, noting in its mid-quarter monetary policy review that falling domestic...
Category : Business
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