Mar 07, 2014 at 22:08 | Source: PTI
The RBI decision comes after Manappuram Board passed a resolution to enhance the limit for purchase of its equity shares and convertible debentures by FIIs. FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through Portfolio Investment Scheme (PIS).
Mar 07, 2014 at 20:08 | Source: PTI
The CAD narrowed sharply to USD 4.2 billion (0.9 percent of GDP) in Q3 from USD 31.9 billion (6.5 percent of GDP) a year earlier as merchandise exports picked up and imports moderated, particularly gold imports, the RBI said on March 5.
Mar 07, 2014 at 18:18 | Source: PTI
Foreign currency assets (FCAs), a major part of the overall reserves, increased by USD 33.6 million to USD 266.90 billion for the week ended February 28, RBI said.
Mar 07, 2014 at 15:26 | Source: Moneycontrol.com
The Reserve Bank of India (RBI) has agreed to the proposal that the right to decide on an inflation target for the economy will become the governments mandate and that the central bank would focus on achieving it, Finance Minister P Chidambaram said while addressing a joint press conference with governor Raghuram Rajan.
Mar 07, 2014 at 14:57 | Source: PTI
"I am glad that the measures taken by the RBI and measures taken by the government are complementing each other and have delivered substantially the goal of stability that we had set for ourselves 18 months ago," he added.
Mar 07, 2014 at 09:35 | Source: CNBC-TV18
The markets guess is it is Glaxo bringing in the money - Rs 6400 crore for its open offer almost amounting to a billion dollars and therefore the same kind of rally in the rupee today like the one seen yesterday cannot be expected because this is strictly a one-off.
Mar 06, 2014 at 20:23 | Source: PTI
Icra said the RBI's proposed framework for the early detection of NPAs and better management of bad assets can be a positive for the sector.
Mar 06, 2014 at 18:14 | Source: Moneycontrol.com
A weak rupee, soft growth in rich countries, a long-term outlook and easier norms have led foreign companies to buy shares in their Indian subsidiaries in a big way.
Mar 06, 2014 at 14:49 | Source: CNBC-TV18
Agam Gupta says that the market is positioning itself for a stable government at centre thereby not expecting extreme volatility in rupee due to elections.
Mar 06, 2014 at 12:28 | Source: Moneycontrol.com
The Finance Ministry, sources said, believes a foreign-board decision on whether the FII limit in HDFC Bank can be hiked is unlikely to violate the model code of electoral conduct but it is still seeking a view from the Law Ministry.