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RBI Governor says, it will take next few quarters in combating inflation

June 17, 2014 12:18 PM

RBI Governor says, it will take next few quarters in combating inflation

Reserve Bank of India Governor Raghuram Rajan today said that it will take next few quarters in combating inflation. He said he is watching inflation situation in the country carefully and hoped that appropriate food management will bring down prices soon.The RBI Governor said Wholesale price inflat...

Inflation based on WPI crosses 6% in May from 5.2 % in April

June 17, 2014 9:14 AM

Inflation based on WPI crosses 6% in May from 5.2 % in April

Rising prices of food and beverages like coffee, tea, poultry, fish and vegetables pushed up inflation to 5-month high of 6.01 per cent in May.The Wholesale Price Index (WPI)-based inflation was 5.20 per cent in April and 4.58 per cent a year ago in May.According to the data released by the Commerce...

SEBI asks DDPs to share FPI info with banks

June 16, 2014 8:23 PM

SEBI asks DDPs to share FPI info with banks

Market regulator Securities & Exchange Board of India (SEBI) on Monday asked Designated Depository Participants (DDPs) to share information about foreign portfolio investors with banks. The move is part of Sebi's efforts to harmonies KYC norms with that of the Reserve Bank of India ...

Rupee breaches 60-mark, closes at six-week low of 60.16 against dollar

June 16, 2014 6:44 PM

Rupee breaches 60-mark, closes at six-week low of 60.16 against dollar

At the interbank foreign exchange market, the rupee slumped 39 paise, to slip below the 60-mark, and close at a six-week low of 60.16 against the dollar, on Monday. The rupee fell on sustained dollar demand from oil importers, as oil prices climbed to near nine-month highs. Weakness in the domestic ...

Inflation based on WPI crosses 6% in May from 5.2% in April

June 16, 2014 5:25 PM

Inflation based on WPI crosses 6% in May from 5.2% in April

Rising prices of food and beverages like coffee, tea, poultry, fish and vegetables pushed up inflation to 5-month high of 6.01 per cent in May.The Wholesale Price Index (WPI)-based inflation was 5.20 per cent in April and 4.58 per cent a year ago in May.According to the data released by the Commerce...

Crude oil prices rise to 9-month high in Asian trade

June 16, 2014 1:44 PM

Crude oil prices rise to 9-month high in Asian trade

Crude oil prices rose to nine-month highs in Asian trade today as investors kept a wary eye on the worsening situation in Iraq.US benchmark West Texas Intermediate for July delivery jumped 35 cents to US Dollar 107.26 a barrel in late-morning trade, while Brent crude for August gained 44 cents to US...

Crude oil prices rise to 9-month high in Asian trade

June 16, 2014 11:08 AM

Crude oil prices rise to 9-month high in Asian trade

Crude oil prices rose to nine-month highs in Asian trade today as investors kept a wary eye on the worsening situation in Iraq.US benchmark West Texas Intermediate for July delivery jumped 35 cents to US Dollar 107.26 a barrel in late-morning trade, while Brent crude for August gained 44 cents to US...

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