Reserve Bank of India - India Central Bank News

India Central Bank News

French Market Erases Early Losses Thursday, September 2, 2010 @ 8:30AM(RTTNews) - The French market erased early losses and is rising in afternoon trading Thursday. Sentiment was impacted by a slew of economic reports and firm cues from Asia/Pacific.
Gold Ignored & Dismissed by US Media as Good Harvest Points to Strong Indian Demand Thursday, September 2, 2010 @ 8:29AMTHE PRICE OF GOLD rose back above $1250 an ounce for the second time this week – and the sixth time since May – on Thursday morning in London , as government bonds ticked lower together with energy prices.
Chances of US recession 25-30%: Alan Greenspan Thursday, September 2, 2010 @ 8:29AMChances of US recession 25-30%: Alan GreenspanChances of US recession 25-30%: Alan Greenspan
Indian banks raise 14.35 bln rupees via CDs Thursday, September 2, 2010 @ 7:22AMMUMBAI, Sept 2 (Reuters) - Indian banks on Thursday raised 14.35 billion rupees via certificates of deposit (CDs), Thomson Reuters data showed.
India OIS rates end firm tracking bonds, cash ample Thursday, September 2, 2010 @ 7:19AMMUMBAI, Sept 2 (Reuters) - Indian overnight indexed swap (OIS) rates ended firm on Thursday tracking government bonds.
Yen, Swiss Franc Higher Vs. U.S. Dollar Thursday, September 2, 2010 @ 2:43AMThe yen and Swiss franc edged higher vs. the greenback, while the Australian dollar led declines, down 0.5% vs. the dollar Thursday.
Robust sales despite large supply in Mumbai Thursday, September 2, 2010 @ 2:20AMRobust sales despite large supply in Mumbai
India cash rates steady on some mnth-end govt spending Thursday, September 2, 2010 @ 1:59AMMUMBAI, Sept 2 (Reuters) - India's overnight cash rates were largely steady on Thursday as cash conditions in the banking system improved on the back of some month-end spending by the government.
Global crisis drives investors to forex markets Thursday, September 2, 2010 @ 1:22AMThe global economic crisis has driven investors to the forex markets where turnover has soared to a staggering four trillion dollars a day -- equal to what Germany produces in a year.
Is red-hot India too hot? Thursday, September 2, 2010 @ 1:00AMWhile most of the world is worried about the prospects of a double-dip recession, India is facing just the opposite problem – managing supercharged growth. The Indian economy, oblivious to the meager recovery in the West, is roaring. GDP surged 8.8% in the April-June quarter, the fastest clip in two-and-a-half years. There's some debate among [...]
Asian Currencies Advance, Led by Korea's Won, on Optimism Recovery Intact Thursday, September 2, 2010 @ 12:57AMSouth Korea’s won and the Philippine peso rose to a two-week high, pacing gains in regional currencies, after better-than-forecast U.S. economic data allayed concern that the global recovery is stalling.
Pakistan Says Floods Will Spur ‘Massive’ Job Losses Thursday, September 2, 2010 @ 12:27AMPakistan’s unprecedented floods threaten to hobble the economy with a surge in unemployment, a spike in inflation and billions of dollars in crippled infrastructure, the country’s prime minister said.
Waiting for Rahul Gandhi? Wednesday, September 1, 2010 @ 10:39PMSome 80,000 farmers thronged near Parliament House in New Delhi last week to protest against the paltry compensation paid by the Indian government for the land it took over in "public interest". An act as old as 1847, empowers the state to acquire land in dire eventuality.
AP to be slum free by 2014: Minister Wednesday, September 1, 2010 @ 10:03AMUnited News of India Hyderabad, Sept 1: Minister for Municipal Administration and Urban Development, Annam Ram Narayana Reddy while participating as chief Guest in the Consulative worshop on Draft Legislation AP state slum (identification, redevelopment, rehabilitation and prevention) Act 2010 as part of implementation of Rajiv Awas Yojana scheme at Dr Marri Channa Reddy Human Resource ...
Indian Airline to Raise $356 Million Wednesday, September 1, 2010 @ 9:33AMKingfisher Airlines Ltd., India’s second-biggest carrier, plans to raise $356 million selling shares to pare debt and help fund expansion.
Open to handing over parts of Jerusalem: Israel Wednesday, September 1, 2010 @ 8:47AMIsraeli Defence Minister Ehud Barak has suggested that parts of Jerusalem could be handed over to Palestinians as the Jewish state was set to launch direct peace talks with the Palestinian leadership.
Bargain Hunting May Help Stocks Even Amid Cloudy Data - RTTNews Daily Market Analysis Wednesday, September 1, 2010 @ 8:12AM(RTTNews) - The major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment reflecting the buoyancy in the rest of the global markets, which rallied sharply on bargain hunting triggered by some upbeat data.
June quarter GDP growth data to be unchanged: Govt Wednesday, September 1, 2010 @ 8:07AMGovernment will not revise the April-June quarter GDP growth number and it will remain at 8.8 percent, a government official told Reuters on Wednesday.
India 1-y OIS rate up on liqudity view Wednesday, September 1, 2010 @ 7:53AMMUMBAI, Sept 1 (Reuters) - Indian one-year overnight indexed swap (OIS) rate rose on Wednesday as investors braced for tighter liquidity conditions, traders said.
Central & South Asia Wednesday, September 1, 2010 @ 6:59AMAid workers warn of "second wave of death" as crisis "widens and deepens" across the flood-ravaged country. The World Food Programme has warned that flood-ravaged Pakistan faces a "triple threat" after the worst disaster in the country's history left eight million people dependent on aid to survive.
Malaysia, Indonesia May Hold Rates as Risks Emerge Wednesday, September 1, 2010 @ 2:23AMMalaysian and Indonesian policy makers will probably keep interest rates unchanged this week to support their economies as the global recovery slows.
Parascript Announces New Release Of Check Recognition And Verification Software For Malaysia To Help Financial ... Wednesday, September 1, 2010 @ 2:14AMParascript, LLC, the image analysis and pattern recognition technology provider, recently announced the release of CheckPlus International for Malaysia. CheckPlus International for Malaysia reads the courtesy amount, legal amount, and MICR (Magnetic Ink Character Recognition) line on checks, enabling banks to minimize the cost and labor associated with check processing.
Manufacturing Expansion Slows `Marginally' as Exports, New Orders Weaken Wednesday, September 1, 2010 @ 2:07AMIndia’s manufacturing expansion cooled “marginally” last month as exports and new factory orders weakened, HSBC Holdings Plc and Markit Economics said.
Emerging-Market Stocks Rise Most in 2 Weeks on China Manufacturing Growth Wednesday, September 1, 2010 @ 1:27AMEmerging-market stocks rose, sending the benchmark index to the biggest gain in two weeks, buoyed by faster-than-estimated manufacturing growth in China and Thailand.
Lulu Exchange plans expansion in Gulf Wednesday, September 1, 2010 @ 1:14AM01 September 2010 DUBAI -- Lulu International Exchange, which completes its first year of operations on Wednesday, plans to grab market share by opening a significant number of branches in the UAE and other Gulf countries, its chairman Yusuffali M.A. said.
Manufacturing expands for 17th successive month in August: HSBC Wednesday, September 1, 2010 @ 12:52AMHSBC said that output continues to expand at a brisk pace and new orders remain in solid expansionary territory, signalling further growth ahead.
India Government Bonds Rise on Speculation Central Bank to Pause on Rates Wednesday, September 1, 2010 @ 12:50AMIndia’s 10-year bonds gained, pushing yields to their lowest level in two weeks, on speculation the central bank may pause after raising borrowing costs four times this year.
Indonesian Inflation Accelerates in August as Electricity Costs Increase Wednesday, September 1, 2010 @ 12:37AMIndonesia’s inflation rate climbed to the highest level in 16 months as electricity costs increased after the government raised power prices this quarter.
Business : Lulu Exchange plans expansion in Gulf Tuesday, August 31, 2010 @ 2:03PMDUBAI — Lulu International Exchange, which completes its first year of operations on Wednesday, plans to grab market share by opening a significant number of branches in the UAE and other Gulf countries, its chairman Yusuffali M.A. said.
FTSE rises, but Government spending cuts could hit Serco hard Tuesday, August 31, 2010 @ 2:00PMSerco missed out on the upbeat sentiment that helped the blue-chip index finish in positive territory.
American Exceptionalism--And An 'Exceptional' President Tuesday, August 31, 2010 @ 12:42PMObama may be the first U.S. president to lack faith in our special history, our special spirit and our special mission in the world.
India's GDP Shows Boom Continues Tuesday, August 31, 2010 @ 10:14AMIndia's torrid second-quarter GDP growth fits the key theme that many emerging-market economies are holding up well while bigger ones slow.
Canada 2nd-Qtr Growth Slows to Less-Than-Forecast 2% Tuesday, August 31, 2010 @ 8:49AMCanada’s economy grew at a slower- than-projected 2 percent rate in the second quarter, almost one- third the pace of the January-March period, amid a widening trade gap and slower household spending.
New banks must be strong for financial inclusion: RBI Tuesday, August 31, 2010 @ 8:24AMNew entrants in the banking sector should be strong, well-capitalised to promote financial inclusion in a cost-effective way, said a top official at India's central bank, which views increased access to financial services as a driver of sustainable economic growth.
India 5-yr OIS hits 1-mo low on bond yields Tuesday, August 31, 2010 @ 7:50AMMUMBAI, Aug 31 (Reuters) - India's five-year swap rate fell to a one-month low on Tuesday, following bond yields, which eased on an in-line reading of June quarter GDP data.
Business : Indian economy posts best performance since 2007 Tuesday, August 31, 2010 @ 7:47AMNEW DELHI — India’s economy grew 8.8 percent in the fiscal first quarter, its best performance since 2007, data showed Tuesday as the country returned to boom levels last seen before the financial crisis.
India corpbond yields steady after in-line GDP data Tuesday, August 31, 2010 @ 7:12AMMUMBAI, Aug 30 (Reuters) - Indian corporate bond yields ended little changed on Tuesday after data showed India's economy grew as expected in the June quarter, soothing concerns that stronger growth could prompt aggressive monetary tightening.
Indian Market Ends Off Day's Low Tuesday, August 31, 2010 @ 6:42AM(RTTNews) - The Indian market saw further downside on Tuesday, as investors continued to fret about the pace of global economic recovery.
Apr-Jun Growth Fastest In More Than 2 Years Tuesday, August 31, 2010 @ 4:04AMIndia's economy logged the fastest growth in more than two years during April to June, fueled by buoyant manufacturing and mining.
India Q2 Growth Fastest In More Than 2 Years Tuesday, August 31, 2010 @ 3:57AM(RTTNews) - India's economy logged the fastest growth in more than two years during April to June, fueled by buoyant manufacturing and mining. The economy expanded 8.8% on an annual basis during April to June, data from the Central Statistical Organisation showed Tuesday.
India o/n rates steady; cash to improve post monsoon Tuesday, August 31, 2010 @ 3:30AMMUMBAI, Aug 31 (Reuters) - Indian overnight cash rates were little changed on Tuesday as improved liquidity helped banks easily borrow to meet their reserve needs.
India's Economy Grows 8.8% In June Quarter Tuesday, August 31, 2010 @ 3:06AMIndia's economy grew 8.8 percent in June quarter
The tricky wicket of fixers Tuesday, August 31, 2010 @ 3:00AMPakistan's government has been corrupt for decades, so why are we surprised its cricketers fix matches?
Indian economy accelerates to 8.8% growth Tuesday, August 31, 2010 @ 2:53AMIndia's economy expanded at the fastest pace in 2 1/2 years, increasing pressure on the central bank to raise rates.
India's Economy Grew 8.8 Percent in June Quarter Tuesday, August 31, 2010 @ 2:43AMIndia's economy grew 8.8 percent in the June quarter, fastest pace in over 2 years India - Asia - Government - Economic growth - Business and Economy
Euro confidence rose from March Monday, August 30, 2010 @ 9:00PMEconomic confidence in the euro zone has risen, compared to 30 months ago.
Samsung's Lee Shifts Strategy in Challenge to Apple Monday, August 30, 2010 @ 7:37PMAbout an hour south of Seoul, bulldozers are demolishing the last vacant factories at Samsung Electronics Co.’s Suwon campus, erasing signs that South Korea’s most valuable public company once made its headquarters in a smoke-fuming industrial complex.
Intel to pay $1.4B for Infineon wireless unit Monday, August 30, 2010 @ 6:10PMIntel Corp. is buying the wireless communications unit of Germany's Infineon Technologies AG for $1.4 billion in cash, the second deal in as many weeks that allows the chip maker to expand beyond the struggling personal computer market.
Nova plans new condo, hotel projects in Pattaya, Bangkok worth B6.5bn Monday, August 30, 2010 @ 5:36PMThe Pattaya-based developer Nova Group plans to introduce nine projects worth a combined 6.5 billion baht in Pattaya and Bangkok over the next two years, says president Rony Fineman.
The gym will totally still be there after you finish that creme brulee. Monday, August 30, 2010 @ 3:52PMJapanese BENIHANA VILLAGE Las Vegas Hilton, 732-5111. Japanese tabletop cooking at its finest. The chefs deliver great steaming-hot food, as well as an entertaining show.