New Delhi: Global agency Moody's on Monday said it is reviewing rating of state-owned LIC for a possible downgrade over its huge exposure to government bonds. "Moody's has placed the insurance financial strength rating of Life Insurance Corporation of India (LIC) (Baa2/stable) under review for possible downgrade," Moody's Investors Service said in a statement. It said that the credit quality of financial institutions, with high levels of domestic sovereign debt...
02:30 AM, May 01, 2012
Mumbai: The Reserve Bank of India (RBI) on Tuesday said it will buy up to 120 billion rupees of government bonds via open market operations on Friday, including the 10-year paper which till recently was the benchmark paper. The central bank said it will buy 8.07 per cent 2017 bonds, the 7.80 per cent 2021 bonds, the 8.13 percent 2022 bonds and the 8.26 percent 2027 bond using multiple-price method....11:26 PM, Jan 03, 2012
RBI has cut its interest rate by a total of 3.5 percentage points to 5.5 per cent. ...10:36 AM, Feb 05, 2009
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