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Markets Cheer Unexpected Cut In Key Rate
Reported By bhaskar On 24th Jan 2012
Source spacer : spacer the times of india
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Markets cheer unexpected cut in key rate MUMBAI: Indian equities markets cheered an unexpected cut in the cash reserve ratio ( CRR) by the Reserve Bank of India Tuesday as a benchmark index soared to rule 179 points higher soon after the decision was announced.

After nearly two years of tight check on money supply to tame inflation, the RBI took steps to infuse more liquidity in the system by reducing the cash reserve ratio by 50 basis points in a bid to help industry out of the current downturn.

The cash reserve ratio (CRR), the amount against deposits which commercial banks have to keep as liquid assets such as cash, has been lowered by 50 basis points to 5.5% from 6%.
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Latest Business News  
NRIs want Mamata to bring industry back to Bengal
NRIs Want Mamata To Bring Industry
14th May 2011
Hailing Mamata Banerjee's historic victory over the Left Front in West Bengal Friday, Bengali NRIs in Canada w...
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Silver plunges to Rs 53,300 on global cues, gold down by Rs 410
Silver Plunges To Rs 53,300 On Glob
12th May 2011
Snapping their four-day rally, both the precious metals, silver and gold, nosedived Thursday on heavy sell-off...
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CAG to review transfer pricing case, says I-T dept
CAG To Review Transfer Pricing Case
12th May 2011
New Delhi: The Income Tax department on Thursday said that transfer pricing cases, which have revenue implicat...
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RCom gets Rs 1,780 crore as second tranche from CDB
RCom Gets Rs 1,780 Crore As Second
12th May 2011
Anil Ambani group firm Reliance Communications Thursday said it has drawn a second tranche of Rs 1,780 crore (...
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FinMin to take up 42 FDI proposals next week
FinMin To Take Up 42 FDI Proposals
12th May 2011
The Finance Ministry will take up 42 foreign direct investment (FDI) proposals, including that of BNP Paribas,...
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Mukesh Ambani forgoes Rs 24 crore from salary
Mukesh Ambani Forgoes Rs 24 Crore F
9th May 2011
Billionaire industrialist Mukesh Ambani has decided to forego Rs 23.75 crore for the last fiscal from his annu...
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LIC increases stake in BHEL to 9%
LIC Increases Stake In BHEL To 9%
7th May 2011
Life Insurance Corporation has acquired additional over two percent stake in power equipment maker BHEL from t...
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Piramal Healthcare to invest Rs 1,000-crore in fin services biz
Piramal Healthcare To Invest Rs 1,0
7th May 2011
Ajay Piramal-controlled Piramal Healthcare Ltd (PHL) on Friday said it has earmarked Rs 1,000 crore investment...
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Indian monsoon seen on track for normal arrival
Indian Monsoon Seen On Track For No
7th May 2011
India's monsoon is on track to arrive near the normal date of June 1 over the southern coast, give or take two...
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Hasan Ali
Hasan Ali "front Man" Of Khashoggi:
7th May 2011
International arms dealer Adnan Khashoggi had helped Hasan Ali Khan open his account with UBS, Zurich, to use ...
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The B magazine has some of the most competetive rates in the Desi Publishing Industry. We are affordable to allow more businesses to tap into the Desi Market in Dallas ,TX
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TajMahal Indian Cuisine has long been Austin's favorite dining experience. Owners Ajay and his wife Kiran, were both raised and educated in the art of Indian cooking and hospitality in New Delhi, India. Opening TajMahal Indian Cuisine in 1990, the couple gave many Austinites their first taste of intriguing tastes of India. The public responded with numerous awards for Best Indian and Best Buffet in the Austin Chronicle's well-respected 'Best of Austin' awards, year after year.
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Discounted Fares Inc, as the name speaks for itself deals with discounted airfares for international travel. Willie Abraham, the President and CEO, has been in the travel industry for over 22 years. He was the Co Founder of a reputed travel agency in Dallas since 1989,moving on to open branches in Austin,Texas and Mumbai, India.
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Paradise Biryani Pointe is a perfect and pleasant place for Delicious and Traditional Hyderabad Nawabi Food. With the strength of esteemed and loyal customer base we are very glad to serve our customers in New Jersey, Virginia, Texas and North Carolina to relish their Taste buds with Traditional Taste and Unique Preparation of Hyderabadi Biryani, Moghlai and Tandoor Cuisine.
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The vision for Nishel Events by Design was created by Nisha Patel. She is well known for her high energy, spunky attitude and natural sense of unique creativity. Nisha and her staff have a true passion and talent to create that once in a lifetime experience that will never be forgotten.
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Tanmai Jewelers specilaizes in diamond jewelry. We are Importers/Exporters and trusted Suppliers of Quality Stones and Jewelry.
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Lucid Travel Inc. based in Dallas is a full service travel agency. Lucid Travels offers competitive rates for international travel (Europe, Middle East, Asia, South America and Africa). Lucid Travels Inc. has professional staff in order to meet all your travel based requirements.
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Micropix Creation is a full service Graphic,Print ,Web Design and Development Company located in Dallas ,TX
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Jai Ho..! Restaurant offers you a relaxed, contemporary atmosphere for you to enjoy an extraordinary, authentic Indian Cuisine in addition to Chinese dishes. Enjoy excellent food, cozy ambience, outstanding service and comfort in the middle of DFW metropolis.
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radiokhushi.com
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