Chennai: As rupee fluctuated in the market, Reserve Bank on Thursday said it is not targeting any specific exchange rate and will use all instruments to manage the volatility.
"We do not have an exch

New Delhi: Finance minister P. Chidambaram has said that there was no ceiling on the number of entities which can be permitted to operate a bank, giving hope to the 26 public and private sector compa

Chennai: Chief minister J. Jayala­l­i­­thaa lashed out at the Congress-led UPA gove­r­nment for hiking the prices of fuel instead of ad­dressing the problem of depreciation of rupee and asked the Cen

 
Mumbai: India's current account deficit narrowed to 3.6 per cent of gross domestic product in the first quarter of 2013, down from a record high in the previous quarter, data showed Thursday.
 
The

New Delhi: Expressing unhappiness over decline in the value of Rupee, Finance Minister P. Chidambaram on Friday said there was no need for panic and the Reserve Bank will take action when necessary.

Mumbai: Softening headline inflation alone will no longer be enough to spur the Reserve Bank of India to cut interest rates at a time when it faces other pressing challenges such as a record low rupe

New Delhi: Showing no signs of recovery, the industrial output slipped further to a ‘disappointing’ two per cent in April increasing the clamour for rate cut by the RBI and speedy clearances of proje

Mumbai: Shares of Titan Industries on Wednesday tanked by nearly 13 per cent on continued selling amid concerns that restrictions put by RBI on gold imports will hit business prospects.
After making

Kochi: The State Bank of Travancore has stopped transfer of funds based on e-mail instructions.
 
The decision has been taken in the wake of a number of frauds that have occurred recently which is a

Mumbai: The Reserve Bank today imposed a fine of Rs 5 crore on Axis Bank, Rs 4.5 crore on HDFC Bank and Rs 1 crore on ICICI Bank for violation of KYC norms and anti-money laundering guidelines after