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Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

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Kenya’s apex bank cuts benchmark lending rate


September 6th, 2012 - 1:11 pm ICT by IANS
Nairobi, Sep 6 (IANS) Kenya's central bank CBK has slashed benchmark lending rate by 350 basis points to 13.0 percent from the previous 16.5 percent to allow more borrowing from ... Read more...

Posted in Business |

Sensex snaps 3-week losing streak; up 359 points (Weekly market review)


August 4th, 2012 - 6:06 pm ICT by IANS
Mumbai, Aug 4 (IANS) Snapping a losing streak of three straight weeks, Indian equities markets benchmark indices gained more than two percent in the weekly trade on the back ... Read more...

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RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup)


July 31st, 2012 - 9:32 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without ... Read more...

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RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

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India Inc has to live with dollar at Rs.50: Kaushik Basu


July 7th, 2012 - 7:58 pm ICT by IANS
Kolkata, July 7 (IANS) India Inc is suffering from sharp rupee depreciation against the US dollar, but should be "realistic" about the Indian currency's fall and learn to live with ... Read more...

Posted in Business |

Kenya’s central bank cuts benchmark rate


July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...

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Inflation still above acceptable levels: Subbarao


June 19th, 2012 - 9:51 pm ICT by IANS
Mumbai, June 19 (IANS) Defending the Reserve Bank of India's decision not to cut key lending rates, Governor Duvvuri Subbarao said Tuesday inflation is still above acceptable levels and ... Read more...

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India Inc disappointed with RBI leaving rates unchanged (Lead)


June 18th, 2012 - 7:36 pm ICT by IANS
New Delhi/Mumbai, June 18 (IANS) Indian industry Monday expressed disappointment over the Reserve Bank of India's (RBI) decision to keep key lending rates unchanged to control inflation while the ... Read more...

Posted in Business |

India Inc disappointed with RBI leaving rates unchanged


June 18th, 2012 - 5:34 pm ICT by IANS
New Delhi/Mumbai, June 18 (IANS) Indian industry Monday expressed disappointment over the Reserve Bank of India's (RBI) decision to keep key lending rates unchanged to control inflation while the economy ... Read more...

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India’s central bank keeps key lending rates unchanged (Fourth Lead)


June 18th, 2012 - 3:32 pm ICT by IANS
Mumbai, June 18 (IANS) In a bid to control high inflation, the Reserve Bank of India (RBI) Monday kept key lending rates unchanged but said it is ready to provide ... Read more...

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India’s central bank keeps key lending rates unchanged (Third Lead)


June 18th, 2012 - 1:42 pm ICT by IANS
Mumbai, June 18 (IANS) In a bid to control high inflation, the Reserve Bank of India (RBI) Monday kept key lending rates unchanged, but said it is ready to provide ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Second Lead)


June 18th, 2012 - 1:23 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

India’s central bank keeps key lending rates unchanged (Lead)


June 18th, 2012 - 1:04 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

Posted in Business |

RBI expected to cut key lending rates to spur growth


June 17th, 2012 - 6:04 pm ICT by IANS
Mumbai, June 17 (IANS) In a bid to spur growth and boost consumer sentiment, India's central bank is expected to cut key lending rates by 25-50 basis points in ... Read more...

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Goodricke plans foray into dairy business


April 18th, 2012 - 6:18 pm ICT by IANS
Kolkata, April 18 (IANS) Tea major Goodricke Group is planning to foray into dairy business and will soon seek the Reserve Bank of India's (RBI) approval for it, an official ... Read more...

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Realty industry welcomes rate cut, sees benefit for all (Lead)


April 17th, 2012 - 8:07 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate-sensitive realty sector Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and felt ... Read more...

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Sensex closes 56 points up on interest rate cut hopes (Lead)


April 16th, 2012 - 6:22 pm ICT by IANS
Mumbai, April 16 (IANS) A benchmark index for Indian equities markets closed 56.44 points or 0.33 percent higher Monday on speculation that the Reserve Bank of India (RBI) may ... Read more...

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Fifth straight weekly loss for Sensex (Weekly Market Review)


March 24th, 2012 - 4:26 pm ICT by IANS
Mumbai, March 24 (IANS) Short covering and anxiety over the Reserve Bank of India's ability to ease interest rates next month weighed heavy on Indian equities markets as a ... Read more...

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RBI, budget big let down for Indian markets (Weekly market review)


March 17th, 2012 - 2:50 pm ICT by IANS
Mumbai, March 17 (IANS) Indian equities markets closed on a quiet note as several key events like the monetary policy and the federal budget failed to enthuse investors.The 30-scrip ... Read more...

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Markets quiet before monetary policy announcement


March 15th, 2012 - 12:34 pm ICT by IANS
Mumbai, March 15 (IANS) Indian equities markets were trading quiet Thursday with investors eyeing the Reserve Bank of India's monetary policy decision due at 11 a.m. A benchmark index ... Read more...

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RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

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Industrial output rebounds in January, grows at 6.8 percent


March 12th, 2012 - 2:05 pm ICT by IANS
New Delhi, March 12 (IANS) Helped by a robust show by the manufacturing sector, especially consumer goods, India's industrial output in January expanded at a fast paced 6.8 percent when ... Read more...

Posted in Business |

UCO Bank might get capital infusion of Rs.2 billion


February 1st, 2012 - 11:54 pm ICT by IANS
Kolkata, Feb 1 (IANS) City-based UCO Bank Wednesday said it might get capital infusion of Rs.2 billion-odd from the central government for this financial year."We might get some capital from ... Read more...

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Growth could be lower than anticipated: RBI


January 23rd, 2012 - 9:09 pm ICT by IANS
Mumbai, Jan 23 (IANS) The Reserve Bank of India Monday sounded worried about growth prospects of the economy this fiscal and said gross domestic product expansion could be lower than ... Read more...

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RBI to issue special coins on century of civil aviation


December 27th, 2011 - 7:51 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Reserve Bank of India Tuesday said it will shortly circulate coins of Rs.5 denomination to commemorate 100 years of civil aviation in the country.The ... Read more...

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With inflation easing, India’s central bank halts rate hikes (Roundup)


December 16th, 2011 - 7:32 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged after as many as 13 successive hikes since early 2010, shifting its stance from taming inflation ... Read more...

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Sensex tumbles to two-year low, despite rate hike pause (Roundup)


December 16th, 2011 - 6:46 pm ICT by IANS
Mumbai, Dec 16 (IANS) Indian equities markets saw fresh round of selling Friday with a benchmark index falling 345 points to an over two-year low even though the Reserve ... Read more...

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Sensex plummets in late trade, closes 346 points down (Lead)


December 16th, 2011 - 5:20 pm ICT by IANS
Mumbai, Dec 16 (IANS) A benchmark index for Indian equities Friday plummeted in late trade and provisionally closed 346 points lower. Capital goods, realty and banking stocks were among ... Read more...

Posted in Business |

Sensex slips sharply in afternoon trade


December 16th, 2011 - 4:16 pm ICT by IANS
Mumbai, Dec 16 (IANS) A benchmark index for Indian equities Friday fell sharply in afternoon trade as selling intensified in capital goods and banking stocks.Traders booked profits in stocks ... Read more...

Posted in Business |

India’s central bank halts rate hikes on lower inflation (Lead)


December 16th, 2011 - 3:22 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to ... Read more...

Posted in Uncategorized |

RBI rate action awaited anxiously


December 16th, 2011 - 11:14 am ICT by IANS
Mumbai, Dec 16 (IANS) Market punters and economists are hoping that the Reserve Bank of India (RBI) will Friday hold off another rate hike in the wake of slowing ... Read more...

Posted in Business |

RBI intervenes as rupee slides to new low (Roundup)


December 15th, 2011 - 8:27 pm ICT by IANS
New Delhi, Dec 15 (IANS) Under pressure from the global financial uncertainty and weak domestic economic data, the Indian rupee sank to a record low for the fourth straight ... Read more...

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Automatic approval to FDI in greenfield pharma projects to continue: RBI


December 12th, 2011 - 6:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but ... Read more...

Posted in Uncategorized |

Inflation would have been 13 percent, had RBI not acted: Subbarao


December 9th, 2011 - 6:22 pm ICT by IANS
Kolkata, Dec 9 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao Friday defended the apex bank's monetary tightening that has drawn criticism for its impact on economic growth, saying ... Read more...

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