The
measures came after high level meetings between the Prime Minister and
the Finance Minister followed by discussions with RBI Governor D
Subbarao who was called here today as the rupee lost 33 paise to reach
59.89 after touching over 61-levels last week.
In a move to stem the continuing fall of rupee, the RBI tonight came
out with a slew of measures including hiking the lending rates for banks
and sucking up of Rs12,000 crore, to make the currency dearer.
The measures came after high level meetings between the Prime Minister and the Finance Minister followed by discussions with RBI Governor D Subbarao who was called here today as the rupee lost 33 paise to reach 59.89 after touching over 61-levels last week.
Under the measures announced, RBI raised lending rates to commercial banks 2% to 10.25% making the loans costlier.
The RBI will conduct sale of Government of India Securities to suck up Rs12,000 crore on July 18 from the market, in a move to make rupee dearer.
Visit Video News at http://newsmasthi.com/player.php?pid=39752
And Also More Movie and Political Video News at Newsmasthi
The measures came after high level meetings between the Prime Minister and the Finance Minister followed by discussions with RBI Governor D Subbarao who was called here today as the rupee lost 33 paise to reach 59.89 after touching over 61-levels last week.
Under the measures announced, RBI raised lending rates to commercial banks 2% to 10.25% making the loans costlier.
The RBI will conduct sale of Government of India Securities to suck up Rs12,000 crore on July 18 from the market, in a move to make rupee dearer.
Visit Video News at http://newsmasthi.com/player.php?pid=39752
And Also More Movie and Political Video News at Newsmasthi
No comments:
Post a Comment