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Analysts: rate slash was marked by doubt! 17 June 2013
In the majority of instances analysts said that India's central bank was expected to keep interest rates on hold on Monday with important relations over the rupee trading near record lows likely to exceed in value of the fall in...
Keywords: national news update, India's central bank, CLSA economist Rajeev Malik, national news update
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A normal monsoon will help econimic growth 27 April 2013
The forecast that a normal monsoon would make way to India in time has been the most soothing news the policymakers have heard since what seemed like ages. This is one positive news which would put the nation back on...
Keywords: CAD, policymakers, monsoon,
Read More Relaxation On Curbs on Gold Imports 24 December 2013
Due to the restrictions on the gold imports smuggling of gold in to India is rampant. To address the problem the Government seems to be considering the relaxation of the curbs on gold imports. In order to control the Current...
Keywords: India's Gold Imports, Business, Business News, India's Business News
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RBI keeps rates unchanged 03 February 2015
The Reserve Bank of India has kept its Policy Repo Rate and cash reserve ratio [CRR] unchanged at 7.75 percent and 4.0 percent respectively. Citing the currently and evolving macro-economics situation, RBI took this decision, however, the statutory liquidity ratio...
Keywords: current account deficit, lending rates, monetary policy review, home loans
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RBI Confirms Increased Withdrawal Limit For Overdraft Accounts To Rs. 50,000 21 November 2016
After banning the two big denomination notes of Rs. 500 and Rs. 1,000 the Reserve Bank of India has said that the limit of withdrawal of money from overdraft as well cash credit accounts to Rs. 50,000 per week. Previously,...
Keywords: farmers, withdrawal from overdraft account, limit of current account, limit of current account
Read More Rupee rises against dollar by 10 paise 30 May 2013
After a bad week of poor performance in the Interbank Foreign Exchange Market, the Indian currency managed to get things straight slightly improving over the US Dollar as it finished at 56.07 today in the early morning trade. USD was...
Keywords: forex, interbank, USD, forex
Read More Chidambaram Satirical on NaMo Speeches 30 November 2013
The Finance Minister made satirical remarks on Narendra Modi's comments in his election speeches as PM candidate for BJP. Narendra Modi has to be more careful as his speeches in public are closely observed by his followers and also opposition...
Keywords: BJP's PM Candidate Narendra Modi, Narendra Modi's comments, Narendra Modi Election Campaigning, Narendra Modi's comments
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RBI to Remove Withdrawal Limit from Feb 1 31 January 2017
The Reserve Bank of India (RBI) today said that "it will remove curbs on daily cash withdrawals from ATMs from Wednesday, February 1." It has also lifted the restrictions on withdrawal limit from current accounts, cash credit accounts and overdraft...
Keywords: savings account, Prime Minister Narendra Modi, savings account, Prime Minister Narendra Modi
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