Online edition of India's National Newspaper
Friday, July 18, 2003
Online edition of India's National Newspaper Friday, July 18, 2003 |
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RBI imposes ceiling on interest rates MUMBAI, JULY 17.The Reserve Bank of India today put a ceiling on interest rate on repatriable non-resident (external) rupee (NRE) deposits. This move is expected to stem the arbitrage opportunity that existed in the Indian financial market. "In ... RBI to conduct auction to buyback illiquid G-Secs. MUMBAI, JULY 17. The Reserve Bank of India (RBI) will conduct an auction on Saturday on behalf of the Union Government to buyback high cost illiquid government securities (G-Secs) of Rs. 1,00,438 crores from banks and financial institutions (FIs) ... Foreign exchange limit for medical treatment raised MUMBAI, JULY 17.Liberalising the current account transactions, the Reserve Bank of India has raised the remittance limits for employment, emigration and maintenance of close relatives abroad from $5,000 to $100,000. In case education abroad, ... TCS top exporter of IT software services NEW DELHI, JULY 17.Tata Consultancy Services (TCS) has been ranked as the top IT software and services exporter in the country by the National Association of Software and Service Companies (Nasscom), the top body of software and service ... India's exports to U.S. exceed $10b NEW DELHI, JULY 17. India's exports to the U.S. have risen by over 27 per cent and crossed the $10 billion mark during 2002-03. The latest detailed data on foreign trade also show exports to China have more than doubled to nearly $2 billion in ... Other Stories
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