RBI sold 350 mln rupees of bonds as on Nov 5
The Reserve Bank of India (RBI) has purchased 390 million rupees of bonds and sold 350 million rupees of bonds for the week ended on November 5, 2010, according to the weekly statistical supplement of the RBI on Friday.
India's forex reserves up $2.25 bln to $300 bln as on Nov 5
India's foreign exchange reserves were up $2.25 billion to $300.21 billion as on November 5, 2010, from $297.96 billion in the previous week, according to the weekly statistical supplement of the Reserve Bank of India on Friday.
India's food inflation declines to 12.30 pct as on Oct. 23
India's annual rate of inflation for food articles declined 0.29 percentage points to 12.30 percent for the week ended October 30, 2010, from 12.59 percent in the previous week, according to a government release on Thursday.
Reference rate for US dollar and euro
The Reserve Bank of India (RBI) on Thursday fixed the reference rate for euro at 61.11 rupees and the reference rate for the U.S. dollar at 44.39 rupees.
Food inflation falls to 12.85 pct as on Oct. 23
India's annual wholesale price index (WPI) for food articles declined to 12.85 percent for the week ended October 23, 2010, according to a government release on Thursday.
Finance Minister Welcomes RBI's Decision
The Finance Minister, Pranab Mukherjee has appreciated that the monetary policy tightening by Reserve Bank of India (RBI) in its mid quarterly policy review by increasing interest rates.