RBI set to cut CRR by 25bps |
- RBI set to cut CRR by 25bps
- RBI lowers growth forecast to 5.7 per cent
- Rupee falls to over 1-month low against dollar
- Hyundai Motors to raise car prices
- Sensex closes 10 points up ahead of RBI policy meet
- India emerges as world's largest rice exporter
- Penguin, Random House publishers agree to merge
- Govt unveils road map for fiscal consolidation
- Crude down in Asia as hurricane threatens US
- Sandy forces NYSE to shut on Monday
- Sensex trims initial gains, still up 71 points
- Rupee down 24 paise against dollar
| Posted: 29 Oct 2012 07:28 PM PDT Raising hopes of a rate cut, the Reserve Bank of India has slashed growth estimates forecasts from 6.5% projected in the second quarter to 5.7% in a report on Monday. 
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| RBI lowers growth forecast to 5.7 per cent Posted: 29 Oct 2012 06:17 AM PDT The Reserve Bank of India lowered the country's economic growth forecast for the current financial year to 5.7 percent from its earlier projection of 6.5 per cent. 
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| Rupee falls to over 1-month low against dollar Posted: 29 Oct 2012 04:55 AM PDT Finance minister P Chidambaram said the country was aiming to keep the fiscal deficit for this financial year at 5.3 percent, higher than the official target of 5.1 percent. 
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| Hyundai Motors to raise car prices Posted: 29 Oct 2012 04:43 AM PDT Hyundai Motor Company will increase the prices of all its models by up to 5,000 rupees from November 1. 
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| Sensex closes 10 points up ahead of RBI policy meet Posted: 29 Oct 2012 04:29 AM PDT The BSE benchmark Sensex erased most of its early gains to close just 10 points up amid the government unveiling a five-year road map for fiscal consolidation ahead of the RBI's policy meet. 
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| India emerges as world's largest rice exporter Posted: 29 Oct 2012 02:15 AM PDT India has the emerged as the world's largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes, according to USDA's latest report. 
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| Penguin, Random House publishers agree to merge Posted: 29 Oct 2012 02:06 AM PDT British publisher Pearson said on Monday it had agreed to merge its Penguin books division with English-language rival Random House, owned by German media giant Bertelsmann. 
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| Govt unveils road map for fiscal consolidation Posted: 29 Oct 2012 12:19 AM PDT Worried over high budget deficit derailing growth, finance minister P Chidambaram on Monday unveiled a five-year road map for fiscal consolidation to promote investments, contain inflation and take India to high growth trajectory. 
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| Crude down in Asia as hurricane threatens US Posted: 28 Oct 2012 11:02 PM PDT Oil prices fell in Asia Monday as US refineries cut crude production in anticipation of a plunge in energy demand as Hurricane Sandy bore down on the eastern United States, analysts said. 
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| Sandy forces NYSE to shut on Monday Posted: 28 Oct 2012 11:00 PM PDT The New York Stock Exchange and other US financial markets are shutting down Monday as Hurricane Sandy bears down on the Big Apple. 
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| Sensex trims initial gains, still up 71 points Posted: 28 Oct 2012 10:47 PM PDT The sensex trimmed initial gains but was still up by 71 points this morning following the major Cabinet reshuffle and investor hopes that the Reserve Bank's monetary policy review tomorrow will help aid economic growth. 
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| Rupee down 24 paise against dollar Posted: 28 Oct 2012 09:48 PM PDT The rupee fell by 24 paise to 53.80 against the dollar in early trade on Monday at the Interbank Foreign Exchange on month-end demand for the American currency from oil importers. 
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