Tag Archives: RBI

How Experts Reacted as Sensex Crashed Most in Seven Years, 4th in History

As the investors from worldwide are worried about Chinese economy, markets witnessed bloodbath today, the Sensex recorded an intra-day fall of 1,153.16 points till noon, fourth highest ever recorded in history. It is the biggest crash in about seven years and the fourth biggest for the BSE benchmark index Sensex. Today’s fall is biggest since October 24, 2008. Out of top ...

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RBI Appoints Mohanty Panel for Financial Inclusion

The Reserve Bank of India has announced the constitution of a committee, chaired by Deepak Mohanty, Executive Director, Reserve Bank of India, to review the existing policy with respect to financial inclusion. The term of the panel will be five years and it would study cross country experiences in financial inclusion to identify key learnings, said a satement. The panel ...

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India’s forex reserves up $1.43 billion

India’s foreign exchange reserves grew by $1.43 billion to $316.31 billion for the week ended Nov 28, Reserve Bank of India (RBI) data showed. The reserves had fallen by $672.4 million to $314.87 billion in the week ended Nov 21. According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, rose $1.42 billion ...

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RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged

RBI has chosen to maintain a Balance between Growth and Inflation while keeping the Policy Rates Unchanged and Followed a Caliberated Approach to that effect: FM  Following is the text of the Statement of the Union Finance Minister Shri Arun Jaitley with regard to RBI Policy announced today: “The Reserve Bank of India (RBI) has reduced the SLR by 50 basic ...

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Auction for Sale (Re-Issue) of Government Stocks

The Government of India have announced the sale (issue/re-issue) of (i) “8.35 per cent Government Stock 2022” for a notified amount of Rs. 4,000 crore (nominal) through price based auction, (ii) “New 14 year Government Stock” for a notified amount of Rs. 7,000 crore (nominal) through yield based auction, (iii) “9.20 per cent Government Stock 2030” for a notified amount ...

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