India's Forex rises to $ 51,436 million
Mumbai: India's foreign exchange reserves jumped further by $ 692 million at $ 51,436 million during the week ended 8 March.

The foreign currency assets (FCA) rose to $ 48,374 million, an increase of $ 692 million in the reporting week, according to Reserve Bank of India.

While gold reserves remained static at $ 3,052 million, special drawing rights were up by Rs one crore.
Back to News Review index page  
Govt cuts LPG price by Rs 20
New Delhi: The governemnt announced reduction in prices of cooking gas (LPG) by Rs 20 per cylinder from Rs 40 per cylinder hiked in the general budget.

The reduced price would come into force from midnight of 16 March, petroleum minister Ram Naik said in Lok Sabha.

The reduction in LPG price comes in the wake of representations made by political parties and consumer groups to reduce the burden on consumers.

This would benefit over 6.3 crore urban and rural households, the minister said.
Back to News Review index page  
RBI clears BoB Cap dealership
Mumbai: The Reserve Bank of India has granted the final approval to BoB Capital Markets Ltd to operate as a primary dealer in the government securities market.

With this the number of primary dealers in the government securities market has gone up to 18.
Back to News Review index page  

Inflation up 1.64%
New Delhi: Hike in the prices of kerosene and cooking gas coupled with costlier primary articles pushed up inflation rate to 1.64 per cent during the week ended 2 March.

The inflation rate, based on Wholesale Price Index for all commodities, inched up 0.32 per cent from previous week's 1.32 per cent but was still lower than 6.79 per cent a year ago.

WPI rose 0.6 per cent to 161.5 points due to 2.6 per cent surge in fuel prices and a moderate 0.5 per cent increase in primary article prices, though manufactured products were relatively cheaper by 0.1 per cent. WPI was 160.6 in the previous week and 158.9 a year ago.

The final WPI during the week-ended 5 January stood at 161.4 as against the provisional figure of 161.5.
Back to News Review index page