Reserve bank of India

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RBI cuts MSF rate by 0.5 pc to improve liquidity

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Mumbai: The Reserve Bank reduced the marginal standing facility (MSF) rate, at which banks borrow from it, to 9 per cent from 9.5 per cent to improve liquidity in the system.
"It has been decided to

Banks to bear card fraud cost in absence of security features

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Mumbai: Refusing to give further extension to banks for complying with security norms, the RBI said that banks will have to bear the cost of fraudulent card transaction through point of sales that do

Rupee falls from 1-week high, loses 44 paise to 62.51 vs USD

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Mumbai: The rupee dropped from a one-week high to end 44 paise lower at 62.51 against the dollar ahead of the current account deficit data release on Monday.
The decline was limited by a sluggish dol

Rupee closes at 66.55; biggest single-day gain for rupee since January 1998

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Mumbai: The rupee posted its biggest single-day gain since mid-January 1998 as the Reserve Bank of India's (RBI) latest move to shore up the currency by providing dollars to oil firms directly and th

RBI chief Subbarao hits out at govt, blames it for rupee dip, economic woes

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Mumbai: In a forthright 'last public lecture' before he retires next week, RBI Governor D. Subbarao was on Thursday sharply critical of the government, blaming its 'loose fiscal stance' for the curre

After four hours of driving, we should have been in the middle of Dartmoor. And yet we were not.

During Gen Pervez Musharraf’s time a television host asked Benazir Bhutto (BB) about the low attendance at the Pakistan People’s Party jalsas that had just taken place.