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Create Enough Buffer for bad times, RBI counsels the banks
Posted: 11 Apr 2009 11:04 AM PDT
MUMBAI : As G-20 nations came out with a declaration on strengthening the
financial system to counter global crisis, the Reserve Bank of India has
advised banks to create buffers in good times to avail them in adverse
circumstances. In this connection, RBI will come out with detailed measures
later this year to combat adverse financial [...]
Forex reserve added by USD 2,834 million, stood $255,160 mn
Posted: 11 Apr 2009 03:28 AM PDT
MUMBAI : Forex reserves jumped higher by USD 2,834 million to touch USD 255,160
million as on Apr. 3, 2009, mainly due to a rise in foreign currency and assets
collections on a weekly basis. As per the weekly statistical supplement of the
Reserve Bank of India (RBI) released on Apr 10, 2009, foreign currency [...]
US budget deficit nears $1trillion for the first six month
Posted: 11 Apr 2009 02:02 AM PDT
WASHINGTON: The US budget deficit accelerated in March to hit a record nearly
$1 trillion in the first half of the current fiscal year as the government
moved to bail out troubled institutions, government treasury data showed. The
deficit for the first six months of the fiscal year which began on October 1
was $956.80 [...]
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