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India Economy Archive: 
RBI Reference Rate for US dollar and Euro
Feb 28, 8:29 AM EST
Reference Rate for the US dollar is Rs.44.31 and for Euro is Rs.58.58 on February 28, 2007.
The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.31 and the Reference Rate for Euro is Rs.58.58 on February 28, 2007. The corresponding rates for the previous day (February 27, 2007) were Rs.44.20 and Rs.58.23 respectively.
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Third Quarter GDP showing Rise 2006-07
Feb 28, 4:34 AM EST
Quarterly estimates of GDP & growth rates both at constant and current prices.
Quarterly GDP at factor cost at constant (1999-2000) prices for Q3 of 2006-07 is estimated at Rs. 7,56,296 crore, as against Rs. 6,96,146 crore in Q3 of 2005-06, showing a growth rate of 8.6 per cent over the corresponding quarter of previous year.
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Inv. by FIIs under PIS :Deccan Chronicle Holding
Feb 26, 8:36 AM EST
RBI has today notified that no further purchases of equity shares of Deccan Chronicle Holdings Ltd.,
The Reserve Bank of India has today notified that no further purchases of equity shares of Deccan Chronicle Holdings Ltd., should be made on behalf of Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) through stock exchanges in India without obtaining the prior permission of the Reserve Bank.
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CPI Index For January 2007
Feb 26, 4:25 AM EST
Consumer Price Index for Urban Non-Manual Employees for January, 2007.
The All-India Consumer Price Index for Urban Non-Manual Employees CPI(UNME) on base 1984-85=100, for the month of January, 2007 has been released by the Central Statistical Organization (CSO), Ministry of Statistics and Programme Implementation together with the indices for 59 selected urban centers in India.
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Reserve Bank of India (Amendment) Act, 2006
Feb 23, 8:28 AM EST
Reserve Bank of India (Amendment) Act, 2006: Provisions Relating to Interest on CRR
The Reserve Bank of India (Amendment) Act, 2006 was enacted in June 2006. Consequent to the enactment, the Reserve Bank, vide its press release and circulars dated June 22, 2006....
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Investment by FIIs under PIS : Bajaj Auto Fin.
Feb 23, 8:32 AM EST
RBI has today notified that under PIS, FIIs can now purchase equity shares and convertible debentures of Bajaj Auto Finance Ltd.
The purchases can be made upto 30 per cent of the paid up capital of the company, as it has passed resolution to this effect at the Board of Directors'' meeting and a special resolution passed by the share holders of the company.
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91-day Treasury Bills auction Rs.1500 crore
Feb 23, 8:38 AM EST
RBI has announced the auction of 91-day GOI Treasury Bills for notified amount of Rs.2000 crore under the MSS
The auction will be conducted on February 28, 2007 using ''Multiple Price Auction'' method. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the Bank.
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364-day Treasury Bills auction Rs.1000
Feb 23, 8:46 AM EST
RBI has announced the auction of 364-day GOI Treasury Bills for notified amount of Rs. 2000 crore
The auction will be conducted on February 28, 2007 using ''Multiple Price Auction'' method. The allocation to the non-competitive bidders will be outside the notified amount, at the discretion of the Bank.
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RBI coverage “Database on Indian Economy”
Feb 23, 9:24 AM EST
RBI has further expanded the coverage of its 'Database on Indian Economy' to include, static reports on UGA, FP of NBFCs
The Reserve Bank of India has further expanded the coverage of its ''Database on Indian Economy'' to include, static reports on Union Government Accounts, Financial Performance of NBFCs, Cheque clearing Data, Electronic Payment Systems and Advances of NABARD to State Co-operative Banks.
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Investment by FIIs under PIS : Jaiprakash Asso.
Feb 22, 8:05 AM EST
RBI has today notified that no further purchases of equity shares of Jaiprakash Associates Ltd.
The Reserve Bank has stated that Jaiprakash Associates Ltd., has reached the limit of 22 per cent of its paid up capital.
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