money supply

South Korea’s money supply grows


August 8th, 2012 - 2:03 pm ICT by IANS
Seoul, Aug 8 (IANS) South Korea's money supply grew 0.4 percent in June from a month earlier due to an increase in money market trust (MMT) and time deposits caused ... Read more...

Posted in Business |

Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... 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 cuts interest rates to spur economy (Roundup)


April 17th, 2012 - 6:35 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

Posted in Business |

India’s central bank cuts rates to push growth (Lead)


April 17th, 2012 - 1:16 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

Posted in Business |

India’s central bank cuts key rates


April 17th, 2012 - 12:42 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- ... Read more...

Posted in Business |

Sri Lankan economy registers record growth


April 6th, 2012 - 3:48 pm ICT by IANS
Colombo, April 6 (IANS) The Sri Lankan economy recorded its highest post-independence growth of 8.3 percent last year beating the previous record of 8 percent in 2010, the Central Bank ... Read more...

Posted in Business |

Mexico’s foreign reserves rise


April 4th, 2012 - 12:54 pm ICT by IANS
Mexico City, April 4 (IANS/EFE) Mexico's foreign reserves rose by $1.1 billion in March to $150.26 billion, the Bank of Mexico said.Foreign reserves grew by $2.1 billion in the last ... Read more...

Posted in Uncategorized |

Markets rise on CRR cut, Sensex closes tad below 17,000 (Roundup)


January 24th, 2012 - 8:14 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets rose Tuesday with investors cheering an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India. A benchmark ... Read more...

Posted in Business |

Markets rise on CRR cut, Sensex closes tad below 17,000 (Third Lead)


January 24th, 2012 - 5:20 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets rose Tuesday with investors cheering an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India. A benchmark ... Read more...

Posted in Business |

Sensex crosses 17,000-mark, banking stocks lead (Second Lead)


January 24th, 2012 - 4:21 pm ICT by IANS
Mumbai, Jan 24 (IANS) A benchmark index for Indian equities markets soared past the 17,000-mark as markets cheered an unexpected cut in the cash reserve ratio (CRR) by the ... Read more...

Posted in Business |

Markets cheer unexpected cut in key rate (Lead)


January 24th, 2012 - 2:41 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets cheered an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India Tuesday as a benchmark index soared ... Read more...

Posted in Business |

Rising inflation due to festive season demand: Mukherjee


November 3rd, 2011 - 7:13 pm ICT by IANS
New Delhi, Nov 3 (IANS) Finance Minister Pranab Mukherjee Thursday attributed rising food inflation, which touched a nine-month high, to the increased demand for essential products in the festive ... Read more...

Posted in Business |

Japan’s monetary base rose in October


November 2nd, 2011 - 1:28 pm ICT by IANS
Tokyo, Nov 2 (IANS) The monetary base in Japan rose 17 percent in October from a year earlier from a 16.7 percent annual increase logged in the previous month, the ... Read more...

Posted in Business |

`Pakistan’s central bank should control government spending’


October 10th, 2011 - 12:33 pm ICT by IANS
Islamabad, Oct 10 (IANS) Pakistan's central bank should find some way to control government spending as there is "no real way of ensuring an economic recovery" without that, said a ... Read more...

Posted in South Asia |

After petrol prices, higher interest rates set to bite


September 16th, 2011 - 7:23 pm ICT by IANS
Mumbai, Sep 16 (IANS) India's central bank Friday hiked key rates by 25 basis points in the 12th such exercise since January 2010 to tame stubborn inflation, setting the ... Read more...

Posted in Business |

Chinese economy to grow 9.28 percent in 2011: Economists


August 21st, 2011 - 4:31 pm ICT by IANS
Singapore, Aug 21 (IANS) The Chinese economy will grow by 9.28 percent in 2011 if the US can stay out of a double-dip recession and the eurozone can steer itself ... Read more...

Posted in Business |

China’s bank lending reaches $97 bn in June


July 12th, 2011 - 11:07 am ICT by IANS
Beijing, July 12 (IANS) China's bank lending rebounded to 633.9 billion yuan ($97.52 billion) in June from May's 551.6 billion yuan, Xinhua reported Tuesday.The June figure was 20.7 billion yuan ... Read more...

Posted in Business |

Below 7 percent inflation forecast in April


April 8th, 2011 - 1:42 pm ICT by IANS
Kolkata, April 8 (IANS) Chief Economic Advisor Kaushik Basu has forecast a below seven percent overall inflation for India in April and said the figure will go down to five ... Read more...

Posted in Business |

UAE central bank announces increase in money supply


March 28th, 2011 - 12:18 am ICT by IANS
Abu Dhabi, March 27 (IANS/WAM) UAE's central bank Sunday announced that money supply rose by 2.3 percent to 48 billion dirhams (about $13 billion) at the end of February from ... Read more...

Posted in Business |

India’s central bank to review monetary policy Thursday


March 15th, 2011 - 2:29 pm ICT by IANS
Mumbai, March 15 (IANS) India's central bank will conduct a mid-quarter review of its monetary policy for fiscal 2010-11 Thursday amid worries over the continuing price rise that has further ... Read more...

Posted in Business |

Budget timid, heartless, lacks big ideas: BJP (Lead)


February 28th, 2011 - 10:45 pm ICT by IANS
New Delhi, Feb 28 (IANS) The Bharatiya Janata Party (BJP) Monday described as "timid," "unimaginative" and "heartless" the budget for 2011-12 presented by Finance Minister Pranab Mukherjee, saying there was no ... Read more...

Posted in Politics |

SBI sets infrastructure credit limit at Rs.1 tn


February 11th, 2011 - 5:35 pm ICT by IANS
Kolkata, Feb 11 (IANS) India's largest lender State Bank of India (SBI) has set a credit limit of Rs.1 trillion (Rs.1 lakh crore/$22 billion) for the infrastructure sector, a top official ... Read more...

Posted in Business |

Central bank’s rate hikes may not tame inflation: Economists


January 27th, 2011 - 12:57 pm ICT by IANS
By Mithun Dasgupta Kolkata, Jan 27 (IANS) With supply side constraints the main reason for the spike in the prices of essential items, the latest hikes in short-term lending and borrowing rates by ... Read more...

Posted in Business |

China plans wider monetary policy reform


January 5th, 2011 - 2:47 pm ICT by IANS
Beijing, Jan 5 (IANS) China's central bank plans to begin this year a monthly review of banks' required reserves as part of wider monetary policy reform, it was revealed here Wednesday. Banks ... Read more...

Posted in Business |

China home to 383,000 super rich in 2010


December 29th, 2010 - 9:27 pm ICT by IANS
Beijing, Dec 29 (IANS) Thanks to the booming capital and property markets, the number of super rich in China is expected to rise by 16 percent to 383,000 this year, a media ... Read more...

Posted in Business |

Growth versus inflation-control is big concern: Mukherjee


October 26th, 2010 - 4:03 pm ICT by IANS
New Delhi, Oct 26 (IANS) With India's annual food inflation still hovering around 15.5 percent, Finance Minister Pranab Mukherjee Tuesday said high prices remained a concern, as there was a limit ... Read more...

Posted in Business |

Sinha debunks Mukherjee’s high growth, high inflation theory


August 5th, 2010 - 7:50 pm ICT by IANS
New Delhi, Aug 5 (IANS) Former Finance Minister Yashwant Sinha Thursday questioned the government's stance on rising prices and said inflation need not rule high due to fast-paced growth as was ... Read more...

Posted in Business |

RBI should check if inflation up on excess liquidity (Lead)


July 20th, 2010 - 8:23 pm ICT by IANS
New Delhi, July 20 (IANS) The central bank will have to take a call if high inflation is on account of excess money supply in the system, Cabinet Secretary K.M. Chandrasekhar said ... Read more...

Posted in Business |

Highlights of monetary policy update by India’s central bank


April 20th, 2010 - 1:56 pm ICT by IANS
Mumbai, April 20 (IANS) Following are the highlights of the annual policy statement for fiscal 2010-11 presented by Reserve Bank of India Governor D. Subbarao before chief executives of commercial banks here ... Read more...

Posted in Business |

Mukherjee discusses budget issues with MPs’ panel


January 18th, 2010 - 9:27 pm ICT by IANS
New Delhi, Jan 18 (IANS) Finance Minister Pranab Mukherjee Monday met members of the Parliamentary Consultative Committee attached to his ministry as part of the pre-budgetary exercise amid pressure to continue ... Read more...

Posted in Business |

De-hoarding, selective imports can tame food inflation: Kaushik Basu


December 19th, 2009 - 11:12 pm ICT by IANS
Kolkata, Dec 19 (IANS) Measures like de-hoarding and imports of selective items can tame the country's soaring food inflation, a senior finance ministry official said Saturday. "Inflation is a concern. The inflation is ... Read more...

Posted in Business |

India’s central bank to review monetary policy Tuesday


October 26th, 2009 - 3:15 pm ICT by IANS
Mumbai, Oct 26 (IANS) India's central bank will review its monetary policy for the current fiscal here Tuesday amid growing signs of recovery in the industrial sector but concerns over rising inflation, ... Read more...

Posted in Business |

RBI governor dons teacher’s hat for rural kids


September 23rd, 2009 - 1:47 pm ICT by IANS
Bangalore, Sep 23 (IANS) Reserve Bank of India (RBI) Governor D. Subba Rao turned into a teacher to give simple lessons on the role of the central bank to about 500 students ... Read more...

Posted in Business |

With Bernanke, Obama seeks continuity in time of crisis


August 26th, 2009 - 12:10 pm ICT by IANS
By Chris Cermak Washington, Aug 26 (DPA) President Barack Obama made the safe choice in re-appointing Federal Reserve Chairman Ben Bernanke to a second term, preferring not to roil financial markets and ... Read more...

Posted in Business |

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