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RBI not targeting any exchange rate: Subbarao


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

P Chidambaram won’t cap new bank licences


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

Rein in rupee fall, don’t hike fuel price: Chief Minister


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

India's current account deficit lowers to 3.6%

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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.

No need for panic on Rupeee dip, RBI will take necessary action: Chidambaram

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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.

Easing inflation fails to bolster RBI rate cut hopes


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

Factory growth slips in April


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

Titan stock down nearly 13% in early trade


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

SBT: No e-mail fund transfer

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

Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks

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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

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.