Mumbai: Dealers told that the Indian currency relieved, on Thursday, as oil firms purchased US dollar and as worries about RBI intervention weighed on persuasion, but trading was dense ahead of a p

Mumbai: According to RBI’s weekly supplement, the forex reserves came up by $4.068 billion to touch

Mumbai: The Indian currency has recovered its early losses as exporters sell the dollar, as the U.S.

Mumbai: The Indian currency has climbed up to its 9-½ year peak today (Thursday) as ca

Mumbai: The Indian central bank (RBI) has annihilated the anticipations of interest rates alleviation by raising CRR, the sum of money banks must hold in cash, by 0.5 percent (now 7.5%) to drain liquidity regardless of inflation at a five-year low.
But the RBI do not make any changes in the key lending and borrowing rates (repo and reverse repo) and bank rate in the mid-term appraisal of the monetary plan.
Cash Reserve Ratio (CRR) is the amount of cash that is demanded by the banks to park with RBI that does not pay up any interest on such depositions.

Inflation remained the same at 3.07 per cent for week ended October 13, 2007 regardless of increase in costs of food items and a few manufactured products.