Finance Minister, P.Chidambaram today asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back. He admitted that the economy is going through a period of stress and government has been taking corrective steps to check the rupee slide. Responding to the criticism of the opposition while replying to the […]
The Sensex at the Bombay Stock Exchange surged 412 points, or 2.2 percent, to close at an over 3-week high of 18,980, today, after the new Reserve Bank governor announced a slew of measures to boost the currency and the economy. The Nifty at the National Stock Exchange jumped 145 points, or 2.7 percent, to […]
The Sensex on Thursday soared by 488 points in opening trade on the back of a flurry of buying by funds and investors after RBI announced a slew of measures to revive the economy amid further recovery in the rupee. The 30-share index gained 488.19 points, or 2.19 percent, to trade at 19,055.74, with all […]
Pakistan is facing ‘serious economic challenges’ and it needs to carry out a set of comprehensive economic reforms, the International Monetary Fund said hours after it approved financial assistance of USD 6.7 billion to prevent it from a brink of economic collapse. “Pakistan is facing serious economic challenges. Overall vulnerabilities and crisis risks are high, […]
The rupee on Thursday strengthened by hefty 138 paise to trade at 65.69 against the dollar at the Interbank Foreign Exchange market after fresh measures by the RBI to stem the currency’s slide. The rupee had settled at 67.07 against the dollar on Wednesday, up by 56 paise over the previous day’s close. Traders said […]
Oil prices rose in Asian trade on Thursday as US President Barack Obama cleared the first legislative hurdle in his race to win congressional backing for military strikes on Syria. New York’s main contract, West Texas Intermediate for delivery in October, gained 30 cents to USD 107.53 in mid-morning trade, while Brent North Sea crude […]
The BSE benchmark Sensex on Thursday soared by 488 points in opening trade on the back of a flurry of buying by funds and investors after RBI announced a slew of measures to revive the economy amid further recovery in the rupee. The 30-share index gained 488.19 points, or 2.19 per cent, to trade at […]
New RBI Governor Raghuram Rajan has announced the setting up of few committees to look into critical areas of functioning, like monetary policy and screening of applications for licences to open new bank branches. In his maiden press conference in Mumbai last evening, Rajan announced an external committee, under the chairmanship of former Governor Bimal […]
To safeguard investors as well as the market from systemic risks emanating from Financial Market Infrastructures, Sebi has decided to adopt 24 standard global principles for such institutions. These principles will apply to all clearing corporations and depositories present in the Indian securities market. They are aimed at enhancing safety and efficiency in payment, clearing […]
Chairman and Managing Director of Central Bank of India Shri Rajeev Rishi visited Manki village, situated on Chandigarh, Ludhiana Highway, under Samrala Block of Ludhiana District under the Outreach Programme. Bank has opened an Ultra Small Branch at Manki Village to provide Banking services at the doorstep of the villagers. He has distributed Smart […]
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