Business News – Newsletter for March 7, 2011Monday, March 7, 2011
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.
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.
The results of the RBI Repo/Reverse Repo auctions held on March 7, 2011 are:
Amount (face value in ` crore)
1 day Reverse Repo Auction
(Sale of securities by RBI)
1 day Repo Auction
…. Original article : Liquidity Adjustment Facility : Auction Results.
…. Source : Gaea News Network.