RBI Governor Announces Third Quarter Review
Jan 31, 5:04 AM EST |
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| RBI Governor announces Third Quarter Review Annual Statement on Monetary Policy for 2006-07. |
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| Repo Rate increased to 7.50 per cent from 7.25 per cent.Reverse Repo Rate, Bank Rate and Cash Reserve Ratio (CRR) kept unchanged.The flexibility to conduct overnight or longer term repo including the right to accept or reject tender(s) under the liquidity adjustment facility (LAF), wholly or partially is retained.GDP growth forecast at 8.5-9.0 per cent during 2006-07.Risk weight increased to 125 per cent for banks’ exposure to the non-deposit taking systemically important NBFCs. |
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Monthly Economic Position By CSO
Jan 31, 6:24 AM EST |
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| Monthly Economic Estimate Shows Rises in GDP, Industrial Production , Inflation Rate,Exports & Imports. |
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| Average Inflation Rate based on WPI during April-November 2006-07 stood at 4.8% as against 4.6% in the same period last year.GDP grew by 9.1% during April-November 2006-07. Exports during April-November 2006-07 is 39.49% higher than the level in April-November 2005-06.Imports during April-November 2006-07 representing an increase of 36.52%. |
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Rate for US Dollar and Euro
Jan 29, 3:18 AM EST |
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| RBI Reference Rate for US Dollar and Euro |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.44.27 and
the Reference Rate for Euro is Rs.57.13 on January 29, 2007. The corresponding rates for the previous day (January 25, 2007) were Rs.44.24 and Rs.57.33 respectively. |
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Macroeconomic and Monetary Developments
Jan 29, 7:09 AM EST |
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| RBI today released the document Macroeconomic & Monetary Developments. |
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| Central Government finances for the first eight months (April-November) of the fiscal year 2006-07 show that the fiscal deficit, as per cent of the full year budget estimate. The RBI continued to modulate market liquidity with the help of LAF repo and reverse repos and issuance of securities under the Market Stabilisation Scheme. The higher current account deficit was easily financed by continuing large capital flows.Banks deposit & lending rates edged up further during the third quarter. |
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Investment by FIIs,NRIs,PIOs under PIS
Jan 29, 7:12 AM EST |
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| Notification of RBI for Investment of Network 18 Fincap Ltd. |
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| Purchases of equity shares of Network 18 Fincap Ltd., will be allowed
through stock exchanges in India on behalf of Foreign Institutional Investors
/Non Resident Indian and Persons of Indian Origin under Portfolio Scheme (PIS) Scheme the FII limit for investment in print media companies is 26 percent including both direct and indirect holdings. Network 18 Fincap Ltd.,is the holding company of TV-18. |
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91-day Treasury Bills Auction
Jan 25, 3:35 AM EST |
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| Rs.500 crore under regular auction, Rs.1500 crore under MSS. |
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| The Reserve Bank of India has announced the auction of 91-day Government of
India Treasury Bills for notified amount of Rs.2000 crore (Rs. 500 crore under the regular auction calendar and Rs.1500 crore under the Market Stabilisation Scheme (MSS)). The auction will be conducted on January 31, 2007 using ""Multiple Price Auction"" method. |
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364-day Treasury Bills Auction
Jan 25, 3:43 AM EST |
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| Rs.1000 crore under regular auction, Rs.1000 crore under MSS. |
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| The Reserve Bank of India has announced the auction of 364-day Government
of India Treasury Bills for notified amount of Rs. 2000 crore (Rs.1000 crore under the regular auction calendar and Rs.1000 crore under the Market Stabilisation Scheme (MSS)). The auction will be conducted on January 31, 2007 using ""Multiple Price Auction"" method. |
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J & K Announces the Action of State Development
Jan 25, 4:01 AM EST |
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| Government of Jammu & Kashmir announces the auction of State Development Loan 2017. |
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| The Government of Jammu & Kashmir has announced the sale of 10-year State Development Loan for an aggregate amount of Rs.200.000 crore through a yield based auction using multiple price auction method.On the basis of bids received, RBI will determine the maximum yield at which offers will be accepted. |
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