Reserve Bank of India - Reserve Bank Of India News

Reserve Bank Of India News

Deepak guides Swantons to the semifinals Thursday, March 11, 2010 @ 1:53PMKOCHI: C.M. Deepak hit 76 off 37 balls (4x6, 11x4) as Swantons CC, Ernakulam, thrashed Perinthalmanna's Jolly Rovers by eight wickets and entered the semifinals of the 29th Coromandel Cement all-Kerala cricket tournament at the BPCL Kochi Refinery Ground, Ambalamugal, on Thursday.
Food inflation moderates Thursday, March 11, 2010 @ 1:47PMNEW DELHI: Even as food inflation eased a tad to 17.81 per cent for the week ended February 27 from 17.87 per cent in the previous week, the overall wholesale price index (WPI) inflation is expected to commence its uptrend in the coming weeks as a direct impact of the hike in petrol and diesel prices, the across-the-board increase in excise duty and its cascading effect on the manufacturing ...
The Hindu Business Line : Interest bonanza for savings account holders from April 1 Thursday, March 11, 2010 @ 1:04PMThe savings bank (SB) account holders are in for a pleasant surprise from April 1.
'Banks convert forex losses into term loans' Thursday, March 11, 2010 @ 1:02PMA few leading banks, including some from the public sector, have been converting losses arising out of exposure to foreign exchange derivatives contracts into term loans for companies which had earlier entered into such contracts.
BoI raises deposit rates by 75-150 bps Thursday, March 11, 2010 @ 12:41PMPublic-sector lender Bank of India (BOI) has increased interest rates on big-ticket (wholesale and bulk) deposits by 75-150 basis points across various maturities, effective from Thursday. Interest rates on retail domestic term deposits have also been raised by 25-50 basis points.
Modi to appear before probe panel, Congress says he should go Thursday, March 11, 2010 @ 11:24AMGandhinagar/New Delhi, March 11 : The 2002 Gujarat riots returned to haunt Chief Minister Narendra Modi Thursday when a Supreme Court-appointed investigation team summoned him for questioning March 21 over his alleged complicity in the anti-Muslim violence that rocked the state, particularly in the death of Congress's former MP Ehsan Jaffri.
Korea Push for Low Rates Raises Inflation Threat as Lee Departs Thursday, March 11, 2010 @ 9:43AMMarch 12 (Bloomberg) -- South Korea may face accelerating inflation after Governor Lee Seong Tae left interest rates unchanged for a 13th month under political pressure, even as his economy is forecast to be one of the fastest-growing in Asia.
The Paper Bubble Thursday, March 11, 2010 @ 8:57AMTalk of a Gold bubble over the past 6-9 months grows louder and louder. It is comical and a sign of desperation among those losing their grip on the levers of power and influence.
Sensex ends at a nearly six week high at 17,167.96 Thursday, March 11, 2010 @ 8:51AMMumbai, Mar 11 : The key benchmark Sensex of the Bombay Stock Exchange (BSE) rallied for the second consecutive day today by 69.63 points to finish at a nearly six-week high at 17,167.96 in choppy trade on renewed bull support by local operators.
Competition for the IMF's Gold? Thursday, March 11, 2010 @ 8:23AMOn February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling.
(AFX UK Focus) 2010-03-11 13:42 UPDATE 2-India's Fortis H'care buys TPG's Parkway stake Thursday, March 11, 2010 @ 8:12AMBy Kevin Lim and Sanjeev Choudhary
India's Fortis H'care buys TPG's Parkway stake Thursday, March 11, 2010 @ 7:27AM* Fortis Healthcare to buy 23.9 pct stake in S'pore's Parkway
Food inflation spreading to other areas: RBI Thursday, March 11, 2010 @ 6:28AMThe Reserve Bank on India on Thursday said that high inflation, primarily driven by food prices, has begun to spread to the broader economy now, but it is likely to ease in the coming months on the back of an expected moderation in food prices with the arrival of fresh crops.
Asia markets pare gains after China economic data Thursday, March 11, 2010 @ 3:55AMAsian markets ended mixed on Thursday, with several markets paring gains as resource stocks fell after Chinese economic data sparked fresh worries of further tightening measures from Beijing.
Reservation bill will be beacon for emancipation of women Thursday, March 11, 2010 @ 2:10AMThe passage of the Women's Reservation Bill in the Rajya Sabha is a momentous, heartwarming step not only for India, but is likely to be an inspirational trendsetter for women's empowerment in the entire region.
Asia stocks dip on China tightening fears Thursday, March 11, 2010 @ 1:40AMAsia stocks dip on China tightening fearsAsia stocks dip on China tightening fears
India cbank:cannot use OMO to create liquidity now Thursday, March 11, 2010 @ 1:27AMMUMBAI, March 11 (Reuters) - India's central bank cannot buy back government bonds through open market operations (OMO) to help manage record federal borrowing in 2010/11, a central bank deputy governor said on Thursday.
Reservation bill will be beacon for emancipation of women Thursday, March 11, 2010 @ 1:25AMBy Amulya Ganguli, The passage of the Women's Reservation Bill in the Rajya Sabha is a momentous, heartwarming step not only for India, but is likely to be an inspirational trendsetter for women's empowerment in the entire region.
RBI says FY11 borrowing not seen as huge challenge Thursday, March 11, 2010 @ 1:20AMIndia's record government borrowing for the fiscal year starting April 1 is unlikely to be a huge challenge, Reserve Bank of India (RBI) Deputy Governor Subir Gokarn said on Thursday.
(AFX UK Focus) 2010-03-11 07:07 UPDATE 1-India fuel inflation accelerates;cbank action seen Thursday, March 11, 2010 @ 1:11AMNEW DELHI, March 11 (Reuters) - India's food prices moderated slightly while fuel price inflation accelerated in late February adding pressure on India's central bank to raise rates at its April policy review. India's wholesale price inflation (WPI) is already at 8.56 percent in January, just above the Reserve Bank of India's (RBI) end-March projection of 8.5 percent. The food price index rose ...
RBI says did not intervene in FX mkt in Jan Wednesday, March 10, 2010 @ 11:41PMIndia's central bank did not buy or sell dollars in the foreign exchange market in January, the central bank's monthly bulletin showed. The Reserve Bank of India (RBI), also did not intervene in the forex market in December.
Economic system still to stabilise: Y V Reddy Wednesday, March 10, 2010 @ 11:29PMIndia was, relatively, less affected, as the central bank here did not allow the banks to speculate with people's money on the market.
Asian stocks ease after China data Wednesday, March 10, 2010 @ 11:00PMAsian stocks ease after China dataAsian stocks ease after China data
Asian stocks ease after China data Wednesday, March 10, 2010 @ 10:47PMAsian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.
(AFX UK Focus) 2010-03-11 04:21 GLOBAL MARKETS-Asian stocks ease after China data, yen struggles Wednesday, March 10, 2010 @ 10:42PMBy Kevin Yao
Asian stocks ease after China data, yen struggles Wednesday, March 10, 2010 @ 10:09PMBy Kevin Yao
RPT-GLOBAL MARKETS-Asian stocks ease after China data Wednesday, March 10, 2010 @ 10:06PM(Repeating to additional subscribers with no changes to text)
GLOBAL MARKETS-Asian stocks ease after China data, yen struggles Wednesday, March 10, 2010 @ 10:05PM* Asian shares fall after China data fans tightening fear
Indian rupee edges down on choppy shares, weak peers Wednesday, March 10, 2010 @ 9:39PM* Most Asian currencies drop versus the U.S. dollar
Devgen nv announces its business and financial results for the year ending 31 December 2009 Wednesday, March 10, 2010 @ 7:26PMZWIJNAARDE, BELGIUM--(Marketwire - March 10, 2010) - Regulated information
Devgen nv announces its business and financial results for the year ending 31 December 2009 Wednesday, March 10, 2010 @ 7:19PMZWIJNAARDE, BELGIUM--(Marketwire - 03/10/10) - Regulated information Strategic highlights Throughout 2009 the global outlook for agricultural business remained positive. Heat and drought spells have highlighted the global challenge of sustainable food production. The food crisis of 2008 has enhanced political and corporate interest in innovation in agriculture and has resulted in a re ...
Candax Receives Shareholder Approval in Respect of Private Placement with Geofinance NV Wednesday, March 10, 2010 @ 7:11PMTORONTO, ONTARIO--(Marketwire - March 10, 2010) -
(AFX UK Focus) 2010-03-11 00:00 RPT-PREVIEW-South Korea rate rises seen in H2, no move this week Wednesday, March 10, 2010 @ 6:27PM(Repeats ahead of the central bank's rate-setting meeting on Thursday) WHAT: Central bank's interest rate decision WHEN: March 11, decision at around 0100 GMT, news conference at 0220 GMT REUTERS FORECASTS:
(AFX UK Focus) 2010-03-10 23:41 Nikkei set to gain on weaker yen, Wall St climb Wednesday, March 10, 2010 @ 5:42PMTOKYO, March 11 (Reuters) - Japan's Nikkei average is likely to rise on Thursday, with exporters gaining on a weaker yen and after the Nasdaq rallied on data showing U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year.
(AFX UK Focus) 2010-03-10 22:45 RPT-PREVIEW-South Korea rate rises seen in H2, no move this week Wednesday, March 10, 2010 @ 5:14PM(Repeats ahead of rate meeting Thursday morning) WHAT: Central bank's interest rate decision WHEN: March 11, decision at around 0100 GMT, news conference at 0220 GMT
AIG ‘Money in Door’ Deals Reap $3.2 Billion Bond Gain (Update3) Wednesday, March 10, 2010 @ 4:52PMMarch 10 (Bloomberg) -- American International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.
RPT-PREVIEW-South Korea rate rises seen in H2, no move this week Wednesday, March 10, 2010 @ 4:30PM(Repeats ahead of rate meeting Thursday morning)
Competition for the IMF’s Gold? Wednesday, March 10, 2010 @ 3:58PMOn February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling.
Non-food credit shrugs off crisis blues Wednesday, March 10, 2010 @ 2:52PMThe growth in non-food credit, for the fortnight ended February 26, 2010, has crossed the 16% mark. The amount of money that banks lend to companies and individuals, grew at 16.11% year-on-year during the fortnight.
Apex fin panel will not get statutory power Wednesday, March 10, 2010 @ 2:47PMThe Financial Stability and Development Council will not be a statutory body. Finance minister Pranab Mukherjee proposed formation of this council as an apex body to foster financial stability and to sort out inter-regulatory coordination issues.
PMEAC for further increase in fuel prices Wednesday, March 10, 2010 @ 2:44PMThe Prime Minister's Economic Advisory Council on Wednesday favoured further increase in petroleum prices in line with the global trend.
Rupee at 2-month high; yields flat Wednesday, March 10, 2010 @ 2:42PMThe rupee rose to a near two-month high at 45.36 to the dollar after some foreign banks sold dollars to fund their inward remittances by their foreign institutional clients who might be investing in NMDC's follow on offer that opened Wednesday, dealers said.
Economic system still to stabilise: Reddy Wednesday, March 10, 2010 @ 1:55PMIndia is now between the end of a financial crisis and a bouncing back of the economy, and the search for a new normalcy is still on, according to former Reserve Bank of India governor Y V Reddy.
Good win for SW Rly. Wednesday, March 10, 2010 @ 1:42PMMysore: South Western Railway (Mysore) continued its winning spree when it registered a 71-run win over Reserve Bank of India SC (Bangalore) in the KSCA Group II, second division league tie here on Wednesday.
Bank credit grows 15.79% year-on-year Wednesday, March 10, 2010 @ 12:50PMBank credit seems to be inching towards the target of 16 per cent set by the Reserve Bank of India, going by the fortnightly position of the scheduled commercial banks.
SBI planning 10-year retail bond issue next fiscal Wednesday, March 10, 2010 @ 12:48PMState Bank of India plans to test the waters with a 10-year retail bond issue in the next financial year.
Hedge Funds Lose Money Even With Euro, Pound Tumbles (Update1) Wednesday, March 10, 2010 @ 10:11AMMarch 10 (Bloomberg) -- Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money.
Banks credit growth up by 15.5% Wednesday, March 10, 2010 @ 10:10AMCredit growth of banks rose by 15.5 per cent at Rs 31.78 lakh crore for the fortnight ended February 26, raising expectations that it could breach the Reserve Bank of India's projection of 16 per cent by March-end.
Hedge-Funds Lose Money Even With Euro, Pounds Tumble (Correct) Wednesday, March 10, 2010 @ 9:59AM(Corrects Louis Bacon’s name in 9th paragraph.) March 10 (Bloomberg) -- Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money.
AIG ‘Money in Door’ Deals Reap $3.2 Billion Bond Gain (Update2) Wednesday, March 10, 2010 @ 9:31AMMarch 10 (Bloomberg) -- American International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.