Friday, April 25, 2014
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Tag Archives: RBI

India’s Forex reserves up by $1.61 billion

Reserve Bank of India

MUMBAI: Foreign exchange reserves grew by $1.61 billion to $296.05 billion for the second consecutive week on the back of a rise in the core foreign currency assets. The total reserves had risen by $55.8 million to $293.44 billion in the previous reporting week, according to the RBI data. Foreign currency assets, a major component of the forex reserves, rose ... Read More »

India likely to raise tax rates in budget

India Rupees

NEW DELHI: India is likely to raise taxes on a number of manufactured items and expand the tax net in its budget to rein in its deficit and give space for the central bank to cut interest rates to support growth, a top government economic adviser said on Friday.  The Reserve Bank of India (RBI) has called on the government ... Read More »

Sensex continues upward sprint for the 7th straight week

sensex

Extending the gaining streak for the seventh week in a row, the BSE benchmark Sensex gained nearly 541 points to end the week at over six-month high of 18,289.35 on hopes of cut in key policy rates by RBI after fall in overall inflation coupled with furious capital inflows. On the global front,  the European Central Bank (ECB) and European officials ... Read More »