Tuesday, September 14, 2010


  • The Reserve Bank of India (RBI) on Monday said its committee on monetary policy will review the operating procedure with respect to repo, reverse repo auctions; width of the interest rate corridor; and frequency and timing of reverse repo and repo auctions.
In its quarterly policy review in July, the RBI had announced its plan to set up a panel to monitor the operating procedure of the monetary policy, including liquidity adjustment facility.
Rate corridor is the spread between repo rate -- the rate at which the RBI infuses liquidity -- and reverse repo rate -- the rate at which liquidity is drained out.
The panel will look at monetary policy in the light of global practices and domestic experience.

  • Nifty 5800 Call added 16 lakh shares in Open Interest and Nifty 5900 Call added 16 lakh shares in Open Interest. Stock futures added 2.7 crore shares in Open Interest.
  • New capital rules set by global regulators are expected to give weak lenders time to raise funds and free up strong banks to lift dividends or hit the acquisition trail.
  • Silver prices climbed a new peak record at Rs 32,030 per kg in the national capital today, on brisk buying by stockists.
  • ABB India, a leading power engineering company, today announced that it would acquire Bangalore based Metsys Engineering and Consultancy.


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