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Indian rupee value rises

May 29, 2012
After hitting a record low of 56.40 against the dollar recently, Indian rupee strengthened for the third consecutive session on Ma...

Fin Min reassures rupee recovery

May 28, 2012
Union Finance Minister Pranab Mukherjee has attributed the cumulative effect of several national and international factors, includ...

FIEO concerned over slump in rupee value

May 24, 2012
The Federation of Indian Export Organisations (FIEO) has expressed concern over the sliding value of the rupee and its impact on e...

RBI promises to contain slide in rupee value

May 23, 2012
The rupee recovered after falling to its third straight daily record low against dollar on May 18, and the Reserve Bank of India (...

Service exports grow to USD12.8 billion in March

May 17, 2012
The records of the Reserve Bank of India (RBI) indicate that the country’s exports of services have grown to USD12.89 billion in...

India's financial system is strong: RBI Dy Governor

Apr 26, 2012
India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor KC Chakrabar...

SBI to reduce interest rates on SME loans

Apr 23, 2012
The State Bank of India (SBI) has decided to cut interest rates on loans to small and medium enterprises. This announcement was ma...

Leading banks lower interest rates

Apr 20, 2012
Leading lenders including ICICI Bank and Punjab National Bank have announced a cut in both lending and deposit rates, just two day...

Fin Min commends RBI rate cut

Apr 18, 2012
The Reserve Bank of India's (RBI) decision to cut policy rates by 0.50 percent for the first time in three years will help revive ...

Banks to pass on reduced cost of funds to borrowers

Apr 18, 2012
The cut in reverse purchase (repo) rate by 50 basis points by the Reserve Bank of India (RBI) on April 17 would reduce the cost of...

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