Central Banks

  • Rupee fell marginally, closes at 61.62 vs US dollar 20-01-2014 06:12 PM

    The rupee fell marginally on Monday, hurt by broad gains globally in the dollar, but strong foreign fund inflows into domestic bonds prevented broader losses. Foreign institutional investors have been heavy investors in local debt, being net buyers for seven successive sessions to Friday, taking the total purchases for the...
  • UAE warns NRIs against carrying rupees into India 09-09-2013 09:10 AM

    UAE's Central Bank has asked all banks and exchange houses to advise their customers not to carry rupees into India. The Central Bank also asked banks and money changers to warn their customers of the consequences of failing to do so. "The penalties stipulated in the new (Indian) law include...
  • RBI governor Raghuram Rajan's new proposals 04-09-2013 10:26 PM

    Reserve Bank of India Governor, Raghuram Rajan, on Wednesday announced a slew of proposals in his first day of office. Below are some highlights of the proposed action. Monetary Policy Postpones first monetary policy statement as Governor to September 20 from September 16. To set up a panel on how...
  • RBI says not considering converting idle gold into bullion 31-08-2013 07:14 PM

    Mumbai: The Reserve Bank of India said on Saturday it was not considering converting India's idle gold into bullion according to a statement. Reuters had reported that the central bank was planning to ask banks to buy household gold and divert it to precious metal refiners in an effort to...
  • Iran's president appoints Valiollah Seif as the new head of central bank 26-08-2013 03:39 AM

    Iranian state television says that the country's president has appointed a private banker as the head of the country's central bank. The report on Sunday said President Hasan Rouhani picked Valiollah Seif to run the country's financial regulator. It said Seif will replace outgoing central bank head Mahmoud Bahmani. Seif...
  • The Last Word: What should the government do to tackle the rupee crisis? 20-08-2013 09:35 PM

    The carnage on the Dalal Street continued on Tuesday with the Rupee opening at its all time low of 64.11. It however recovered by the end of the day's trade and closed at 63.25 to the dollar. This is an all time closing low for the rupee. ...
  • As rupee plunges to a new low, RBI takes steps to curb its volatility 20-08-2013 09:18 PM

    Mumbai: Worried over a spike in interest rates in the wake of steps to support the falling rupee, the Reserve Bank of India (RBI) on Tuesday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of...
  • RBI to announce first quarter monetary policy review today 30-07-2013 10:10 AM

    New Delhi: The Reserve Bank of India (RBI) on Tuesday will reveal its quarter monetary policy review for 2013-2014. It's the first time since 1997, that the rupee will be at the centre of a quarterly monetary policy. However, Reserve Bank of India (RBI) on Monday indicated that it will...
  • RBI to announce quarter monetary policy; unlikely to cut repo rate 30-07-2013 08:30 AM

    The RBI on Tuesday will reveal its quarter monetary policy review. It's the first time since 1997, that the rupee will be at the centre of a quarterly monetary policy. ...
  • Ben Bernanke tells Congress Fed flexible on bond buying 18-07-2013 10:20 AM

    Washington: Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase program later this year, but he left open the option of changing that plan if the economic outlook shifted. While sticking closely to a timeline to wind...
  • Promoters will get 18 months to open branches: RBI 04-06-2013 01:21 AM

    Mumbai: The central bank on Monday said the entities getting licences to open new banks will be given 18 months to open branches against 12 months prescribed earlier, and promoters would have to transfer their holdings to the non-operative financial holding company (NOFHC) in a stipulated period. "It has been...
  • Protesters block streets around European Central Bank 01-06-2013 07:03 AM

    Frankfurt: Crowds of anti-capitalist protesters on Friday blocked streets leading to the European Central Bank in Germany's financial capital, Frankfurt, to protest its role in pushing for austerity cutbacks as a way to fight the continent's debt crisis. Members of the Blockupy alliance linked arms for several hours in a...
  • Gold holds near two-week high; equities cap gains 06-05-2013 10:11 AM

    Singapore: Gold neared its highest level in more than two weeks on Monday, but gains may be capped by a rally in equity markets and promising US jobs data that dampened speculation the Federal Reserve may boost monetary stimulus. Bullion has slipped almost 12 per cent so far in 2013,...
  • 17 nations hit by Euro crisis, scenario worse than forecast 15-02-2013 10:00 AM

    The economy of the 17 nations in the Euro shrank by 0.6 per cent in the fourth quarter, which was worse than forecast. ...
  • Eurozone crisis: Joint action by 6 Central banks 30-11-2011 08:37 PM

    New Delhi: Central banks from six developed nations had to resort to coordinated action on November 30 to ensure that the European debt crisis did not fundamentally destablise the global financial system. Europe's rolling debt crisis continues to trouble economies and markets. To prevent a lack of liquidity in the...
  • New Italian, Greek Govts race to limit damage 14-11-2011 06:15 PM

    Rome: Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent demand from investors. The president of Italy asked former European...
  • Ex-ECB VP Papademos made Greek interim PM 10-11-2011 06:31 PM

    Athens: Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone. The coalition will be sworn in on Friday, an official in the president's office said....
  • European Central Bank cuts rates by 0.25 pc 03-11-2011 06:49 PM

    Frankfurt: The European Central Bank cut interest rates by a quarter point to 1.25 per cent in a surprise move on Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. The move gave an immediate boost to stock markets, which...
  • Pranab Mukherjee worried over high food prices 21-10-2011 02:09 PM

    New Delhi: Worried over rising prices, Finance Minister Pranab Mukherjee on Friday said the government has to tackle the supply side constraints, a major reason for double digit food inflation. "I am worried that food inflation has reached double digit figure. The last week figure was 10.62 per cent. Of...
  • Central bank action eases Europe's crisis, for now 09-08-2011 01:06 AM

    Frankfurt: The European Central Bank pulled Italy and Spain back from immediate financial disaster on Monday, driving down the countries' dangerously high interest rates by buying up billions of euros worth of their bonds on the open market. But the rescue mission does not address the roots of Europe's 21-month-old...
  • World stocks fall for 8th day after a wild week 06-08-2011 07:30 AM

    New York: World stocks fell for an eighth day on Friday, with around $2.5 trillion wiped off the value of global equities this week, but hopes the European Central Bank will buy the bonds of Italy's heavily indebted government helped lift markets off the lows of the day. Better than...
  • Nobel laureate Yunus ousted from Grameen Bank 02-03-2011 07:02 PM

    Dhaka: Nobel laureate Mohammed Younus, a celebrated pioneer of micro-finance was on Wednesday forced out from the Grameen Bank, he founded nearly three decades ago, amid a growing spat with the Bangladesh government, officials said. Yunus was relieved of his duties as Managing Director of the Grameen Bank, a central...
  • Guidelines for new banking licences by March-end 28-02-2011 12:00 PM

    New Delhi: The Reserve Bank of India (RBI) will issue guidelines for new banking licences by the end of the current fiscal. "RBI is planning to issue the guidelines for banking licences before the close of this financial year," Finance Minister Pranab Mukherjee said on Monday during his presentation of...
  • Food inflation rises to 17.65 percent 22-04-2010 12:25 PM

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  • Inflation picks up, set to accelerate 29-10-2009 04:06 PM

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