Business News – Newsletter for March 7, 2011

RBI sets up Working Group to examine Issues relating to NBFC Sector

The Reserve Bank of India has constituted a Working Group under the Chairmanship of Smt. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) to examine a range of emerging issues pertaining to regulation of the NBFC (non-banking financial companies) sector.

The NBFC sector in India has …. Original article  : RBI sets up Working Group to examine Issues relating to NBFC Sector.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.13 and the Reference Rate for Euro is ` 63.06 on March 7, 2011. The corresponding rates for the previous day (March 4, 2011) were ` 44.99 and ` 62.80 respectively. Based on the Reference Rate for …. Original article  : RBI Reference Rate for US $ and Euro.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 7, 2011 are:

Amount (face value in ` crore)                            

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction 
…. Original article  : Liquidity Adjustment Facility : Auction Results.

Money Market Operations as on March 04, 2011

…. Source  : Gaea News Network.