Compact-15 Diwali pick of 2008-A.K.Prabha...
Monday, 27 October 2008
Saturday, 18 October 2008
Monday, 13 October 2008
India Plans to Increase Liquidity, Driving Stock, Rupee Gains
5:06 pm
Finance Minister Palaniappan Chidambaram said India plans to increase the amount of cash in the financial system, lifting the rupee from a record low and shares after the biggest drop in 18 years last week.``The root cause of the present uncertainty is liquidity and not any dramatic change in the fundamentals of the economy,'' Chidambaram said in New Delhi today. ``We are working on more measures that will infuse liquidity and increase the confidence of depositors and investors.''India's central bank may further cut the amount of cash banks need...
Sunday, 12 October 2008
`Swift' Steps to Boost Liquidity - Subbarao
10:52 pm
Indian central bank Governor Duvvuri Subbarao said he's prepared to take ``effective'' steps to maintain liquidity in the nation's credit markets and repeated the bank's policy of smoothing swings in the currency.We ``stand ready to take appropriate, effective and swift action'' to provide liquidity, he told reporters yesterday in Washington, where he was attending a meeting of Group of 20 finance ministers and central bankers. He said India's economy is ``strong'' and its banks are ``sound'' and ``well capitalized.''India yesterday made the steepest...
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