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31/01/2013

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10/01/2013

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07/01/2013

Expect 125-bps cut, 7.5% growth across FY14: Credit Suisse

Robert Prior-Wandesforde of Credit Suisse explains on CNBC-TV18 that he expects a 125-bps cut in rates across the year based on indications by the RBI on shifting its focus from inflation to growth with the government announcing reforms that have being to boost economic activity.

03/01/2013

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03/01/2013

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01/01/2013

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31/12/2012

BANK SHARES UP ON RBI's LIQUIDITY MEASURE:RATE CUT HOPES IN JANUARY

Indian lenders, including ICICI Bank, are higher on hopes of easing liquidity as the Reserve Bank of India continues with cash injection measures and rate cut hopes in January.
ICICI Bank is up 2.12 percent while State Bank of India rises 1.6 percent.

31/12/2012

GOLD DEMAND DROPS AHEAD OF NEW YEAR CELEBRATION

MUMBAI (Reuters) - Gold demand in India, the world's biggest buyer of the metal, was weak on Monday due to year-end, and as prices nudged higher following gains in the world market.

* The actively traded gold contract for February delivery on the Multi Commodity Exchange (MCX) was 0.17 percent higher at 30,748 rupees per 10 grams as of 3:25 p.m.

* "Buying is very thin. People are busy with New Year celebration plans. Jewellers are also not active in the market," said a Mumbai-based dealer with a state-run bank.

"For the last few days prices are moving in a narrow-range. Breakout is needed on either side to attract buyers."