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MIL/ET Bureau, Jan 29, 2010
Mumbai: January 29, 2010 - The third quarter review of monetary policy 2009-10 by the Reserve Bank of India (RBI) surprises for four reasons. One, it raises the cash reserve ratio (CRR), the quantum of their deposits and borrowings that banks must keep with the RBI, by 75, rather than 50, basis points as widely expected by the market.
MIL/Yahoo/Reuters, Sep 23, 2009
September 23, 2009 - IR Summary/Yahoo/Reuters -
The World Bank has come to the rescue of India, on Tuesday, it has approved $4.3 billion in loans to help its finance infrastructure building and to shore up the capital of some state banks as the economy recovers from the global financial crisis, a good news for India.
MIL/ET Bureau, Mar 26, 2009
Mumbai: March 26, 2009 - Bulls were on a rampage fourth day running Thursday, helping the Sensex reclaim the 10,000 mark. The Nifty also tested the 3100 mark during the day but retreated towards the fag end of the session.
MIL/Siffy Business, Dec 6, 2008
New Delhi: December 6, 2008 - IR Summary/Siffy Business- The Associated Chambers of Commerce and Industry (Assocham) hails the policy of the Reserve Bank of India, who slashed key interest rates, and the banks feel it is a good start in the right direction.
MIL/Agencies/Reuters, Nov 18, 2008
New Delhi, India: November 18,2008, IR Summary/Agencies/Reuters - Indian Finance Minister Mr. Palaniappan Chidambaram has revealed to the World Economic Forum's India Summit on Tuesday that the government will take all necessary steps required to encourage the economy to counterbalance the impact of the global economic slowdown and also anticipates good growth at the end of the fiscal year.
MIL/Hindu/PTI, Oct 25, 2008
Mumbai, October 25, 208 - Stocks: The stock markets almost hit their bottom, falling to nearly three-year low at the weekend as the recession worries continued to haunt investors across the world even as the salvage operation undertaken by various governments fell short of expectations.
MIL/IndiaInfoline, Oct 10, 2008
October 10,2008 , IR Summary/IndiaInfoline - The Indian currency touched all time high at 1153 hrs., it rebounded to 49.30 per US Dollar, however it came back to 49.30. . The previous all-time low was 49.07 that hit in May 2002.Later on the Indian currency was quoted at 48.80 per dollar after touching an all-time low of 49.30.
MIL/, Oct 8, 2008
New Delhi, India: October 8, 2008 - Dr. Raj Baldev, Chmn. Media International Limited. The entire world is trembling and shaking, quivering and cracking in terms of their economy, no matter whether it is United States, Europe or Asia. India is equally affected, its rupee has gone low, six years low, at 48.46 per US Dollar and it is trading at 48.41.
MIL/Agencies, Aug 28, 2008
New Delhi, India: August 28, 2008 - IR Summary/Agencies - Unearthing of Multi-crore fake currency in Uttar Pradesh has forced the Reserve Bank of India to find out some alternative to check the fake currency racket. The RBI, after a serious consideration, has issued orders for the withdrawal of all currency notes of years 1996 and 2000, taking effect from January 2009.
MIL/RBI/Moneycontrol, Jul 29, 2008
New Delhi, India: July 29, 2008 - IR Summary/RBI sources/Moneycontrol- The Reserve Bank of India has decided to check the inflation, which is very dangerous for them to allow to rise. They have hiked repo rates by 50 bps and cash reserve ratio or CRR by 25 bps with a view to control inflation and to bring it down and the CRR hike shall come into effect from August 30. The 10 year bond yield has surged 9.51%.
