QUOTE AND NEWS
Wall Street Journal  6 hrs ago  Comment 
India's central bank will use all its tools to arrest any sharp depreciation of the rupee, its deputy governor said, indicating a growing resolve to defend the rupee and highlighting the bank's shift to a more hands-on approach to the currency.
The Hindu Business Line  6 hrs ago  Comment 
Banks should put in place a Board approved policy with regard to take-over of loans from another bank, according to the Reserve Bank of India. This directive follows the regulator receivi...
Reuters  9 hrs ago  Comment 
A sharp contraction in India's industrial output in March reinforces the slowdown trend in the country, a deputy RBI governor said on Friday.
The Economic Times  10 hrs ago  Comment 
There is not too much ability that RBI has at this moment to control the currency. Yes, it is more for the government to handle it rather than the RBI.
The Hindu Business Line  10 hrs ago  Comment 
Though stress in Euro area has eased, risks remain, according to the RBI Deputy Governor, Dr Subir Gokarn. Speaking at an event organised by the CII Southern Council in the city, he adde...
Reuters  10 hrs ago  Comment 
Reuters Market Eye - Shares of SKS Microfinance jump 12.4 percent, a day after cabinet approved a bill to bring microlenders under the RBI's oversight.
Reuters  11 hrs ago  Comment 
India's industrial output unexpectedly fell in March for the first time in five months, hit by weak investment, increasing the pressure on the RBI to cut rates further.
Reuters  May 11  Comment 
Reuters Market Eye - Rupee now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the RBI stepping in.
The Times of India  May 11  Comment 
RBI ordered exporters to convert half of their foreign exchange earnings kept in bank accounts into Indian rupee to prop up the worst-performing BRICS currency.
Telecom Ramblings  May 10  Comment 
Cisco took a bit of a breather from its resurgence as tech bellweather to throw a bit of a macroeconomic scare into the market yesterday. The general consensus was that their earnings were not bad, and in fact came in a hair above estimates. But...





 




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